ORLANDO, Fla., Dec. 27, 2007 -- RedChip Independent, a division of RedChip Companies, Inc., announced today that it has initiated research on Century Casinos, Inc. (NasdaqCM:CNTY).
Tony Telan, MBA, RedChip Research Analyst, wrote in the report:
“Through its diversified global portfolio of properties CNTY differentiates itself from the herd by focusing on smaller scale international opportunities, and by doing so it is well-positioned to hedge risk in the event of a downturn in any one particular market. We believe that as CNTY continues to add properties to its portfolio, the result will be improvements to both the top and bottom lines.”
“At a current price of $6.53, CNTY trades at a P/E (ttm) multiple of 19.6x, which is at an extreme discount to the industry average of 32.6x. Given CNTY’s growing and diversified portfolio, their unique business model, and strong growth prospects, we believe that it deserves a richer valuation; and, therefore, we give it a 'Buy' rating. We have established a 12-month price target of $9.00 based on 28.1x FY 2008 EPS of $0.32,” he concluded.
To view an excerpt of the RedChip Independent initiation research for Century Casinos, Inc., please visit:
http://redchip.com/files/redchipreports/samples/CNTYInitialReportSample.pdf
About RedChip Independent™
RedChip Companies, Inc., is a well-established source of independent research and information on the small-cap market. Dedicated to “discovering tomorrow’s blue chips today™,” its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street’s radar screen. For more information please visit RedChip.com or call 1-800-RedChip.
Disclosure
The views expressed in this report and/or any and all other reports associated hereto, (which includes the actual rating assigned to the company as well as the analytical substance and tone of the report), accurately reflect the personal views of the analyst(s) covering the subject securities. No part of the analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. The analyst(s) contributing to this report do not hold any shares of CNTY. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and does not purport to be complete. As such, neither the information nor any opinion expressed constitutes an offer, or an invitation to make or garner an offer, to buy or sell any securities or any options, futures or other derivatives related to such securities ("related investments"). This publication was furnished on the condition that it will not form a primary basis for any investment decision. Each investor must make their own determination of the appropriateness of an investment in any securities referred to herein based on the legal, tax, and accounting considerations applicable to such investor and their own investment strategy. Any opinions expressed herein are subject to change. The subject security is not a client of RedChip Companies, Inc., or any of its affiliates.
For Additional Information Contact:
RedChip Companies1-800-REDCHIP (733-2447)
http://www.redchip.com/
http://info@redchip.com/
Thursday, December 27, 2007
RedChip Initiates Research on Jones Soda Co.
ORLANDO, Fla., Dec. 27, 2007 -- RedChip Independent, a division of RedChip Companies, Inc., announced today that it has initiated research on Jones Soda Company, Inc. (NasdaqCM:JSDA).
Matthew Kantrowitz, MBA, RedChip Research Analyst, reported:
“The stratospheric rise of Hansen Natural is evidence of the potential for smaller players in the carbonated soft drink market. With new leadership, we believe Jones Soda is poised for similar appreciation. At a recent price of $6.30, JSDA’s shares have shrunk over 63% in just the last six months but continue to trade at a 252x P/E (ttm) multiple. A high P/E multiple is acceptable as long as the Company can maintain growth and spread expenses across a broader revenue base. We believe JSDA’s growth prospects are good due to brand appeal, industry trends, and expansion of the Company’s unique product line-up into national retail channels.”
“Additionally, brand awareness and the Company’s enhanced water product line, 24c, could make JSDA an attractive acquisition target. Coke’s recent acquisition of Glacéau, maker of VitaminWater, for $4.2 billion is an indication of this. We are issuing a ‘Speculative Buy’ rating with a 12-month price target of $10.92 based on 91x projected FY 2008 EPS of $0.12, based on improved results expected from new distribution agreements and upcoming products,” he concluded.
To view an excerpt of the RedChip Independent initiation research for Jones Soda Co., please visit:
http://redchip.com/files/redchipreports/samples/JSDAInitialReportSample.pdf
About RedChip Independent™
RedChip Companies, Inc., is a well-established source of independent research and information on the small-cap market. Dedicated to “discovering tomorrow’s blue chips today™,” its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street’s radar screen. For more information please visit RedChip.com or call 1-800-RedChip.
Disclosure
The views expressed in this report and/or any and all other reports associated hereto, (which includes the actual rating assigned to the company as well as the analytical substance and tone of the report), accurately reflect the personal views of the analyst(s) covering the subject securities. No part of the analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. The analyst(s) contributing to this report do not hold any shares of JSDA. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and does not purport to be complete. As such, neither the information nor any opinion expressed constitutes an offer, or an invitation to make or garner an offer, to buy or sell any securities or any options, futures or other derivatives related to such securities ("related investments"). This publication was furnished on the condition that it will not form a primary basis for any investment decision. Each investor must make their own determination of the appropriateness of an investment in any securities referred to herein based on the legal, tax, and accounting considerations applicable to such investor and their own investment strategy. Any opinions expressed herein are subject to change. The subject security is not a client of RedChip Companies, Inc., or any of its affiliates.
For Additional Information Contact:
RedChip Companies1-800-REDCHIP
http://www.redchip.com/
http://info@redchip.com/
Matthew Kantrowitz, MBA, RedChip Research Analyst, reported:
“The stratospheric rise of Hansen Natural is evidence of the potential for smaller players in the carbonated soft drink market. With new leadership, we believe Jones Soda is poised for similar appreciation. At a recent price of $6.30, JSDA’s shares have shrunk over 63% in just the last six months but continue to trade at a 252x P/E (ttm) multiple. A high P/E multiple is acceptable as long as the Company can maintain growth and spread expenses across a broader revenue base. We believe JSDA’s growth prospects are good due to brand appeal, industry trends, and expansion of the Company’s unique product line-up into national retail channels.”
“Additionally, brand awareness and the Company’s enhanced water product line, 24c, could make JSDA an attractive acquisition target. Coke’s recent acquisition of Glacéau, maker of VitaminWater, for $4.2 billion is an indication of this. We are issuing a ‘Speculative Buy’ rating with a 12-month price target of $10.92 based on 91x projected FY 2008 EPS of $0.12, based on improved results expected from new distribution agreements and upcoming products,” he concluded.
To view an excerpt of the RedChip Independent initiation research for Jones Soda Co., please visit:
http://redchip.com/files/redchipreports/samples/JSDAInitialReportSample.pdf
About RedChip Independent™
RedChip Companies, Inc., is a well-established source of independent research and information on the small-cap market. Dedicated to “discovering tomorrow’s blue chips today™,” its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street’s radar screen. For more information please visit RedChip.com or call 1-800-RedChip.
Disclosure
The views expressed in this report and/or any and all other reports associated hereto, (which includes the actual rating assigned to the company as well as the analytical substance and tone of the report), accurately reflect the personal views of the analyst(s) covering the subject securities. No part of the analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. The analyst(s) contributing to this report do not hold any shares of JSDA. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and does not purport to be complete. As such, neither the information nor any opinion expressed constitutes an offer, or an invitation to make or garner an offer, to buy or sell any securities or any options, futures or other derivatives related to such securities ("related investments"). This publication was furnished on the condition that it will not form a primary basis for any investment decision. Each investor must make their own determination of the appropriateness of an investment in any securities referred to herein based on the legal, tax, and accounting considerations applicable to such investor and their own investment strategy. Any opinions expressed herein are subject to change. The subject security is not a client of RedChip Companies, Inc., or any of its affiliates.
For Additional Information Contact:
RedChip Companies1-800-REDCHIP
http://www.redchip.com/
http://info@redchip.com/
Friday, December 21, 2007
Onstream Media Corporation to Report Fiscal 2007 Fourth Quarter and Full-Year Financial Results on December 26
Thursday December 20, 4:35 pm ET
Management to Discuss Fiscal 2008 Outlook During 4:30 p.m. ET Conference Call
POMPANO BEACH, Fla., Dec. 20 /PRNewswire-FirstCall/ -- Onstream Media Corporation (NasdaqCM: ONSM), an online service provider of live and on-demand internet video, today announced that its management will conduct a conference call at 4:30 p.m. ET on Wednesday, December 26, 2007, to discuss its fiscal fourth quarter and full-year results for the period ended September 30, 2007. The Company anticipates releasing financial results and filing its Form 10-KSB approximately 30 minutes before the call.
During this conference call, Mr. Randy Selman, President and Chief Executive Officer of Onstream Media Corporation and the Company's CFO, Robert Tomlinson, will discuss the Company's financial results as well as the fiscal 2008 outlook. Management discussion will be followed by an open Q&A session.
The teleconference and related webcast will occur on Wednesday, December 26, 2007 at 4:30 p.m. Eastern Time. Interested parties may listen to the presentation live online at http://www.visualwebcaster.com/event.asp?id=44694 or by calling 1-866-682-6100 or 201-499-0416. It is recommended to dial in approximately 10 to 15 minutes prior to the scheduled start time. An audio rebroadcast of the conference call will be archived for one year online at http://www.visualwebcaster.com/event.asp?id=44694.
About Onstream Media:
Onstream Media Corporation (NasdaqCM: ONSM) is an online service provider of live and on-demand internet video, corporate web communications and content management applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, and supports pay-per-view for online video and other rich media assets. The DMSP also provides an efficient workflow for transcoding and publishing user- generated content in combination with social networks and online video classifieds. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. In fact, almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services.
Select Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Deutsche Bank, Disney, National Press Club, NHL, MGM, PR Newswire, Rodale, Inc., Televisa, WireOne, Shareholder.com (NASDAQ), and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, eBay, FiveAcross/Cisco and Qwest. For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655.
Certain statements in this document and elsewhere by Onstream Media are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward- looking statements include, but are not limited to fluctuations in demand; changes to economic growth in the U.S. economy; government policies and regulations, including, but not limited to those affecting the Internet. Onstream Media undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Onstream Media Corporation's filings with the Securities and Exchange Commission.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Management to Discuss Fiscal 2008 Outlook During 4:30 p.m. ET Conference Call
POMPANO BEACH, Fla., Dec. 20 /PRNewswire-FirstCall/ -- Onstream Media Corporation (NasdaqCM: ONSM), an online service provider of live and on-demand internet video, today announced that its management will conduct a conference call at 4:30 p.m. ET on Wednesday, December 26, 2007, to discuss its fiscal fourth quarter and full-year results for the period ended September 30, 2007. The Company anticipates releasing financial results and filing its Form 10-KSB approximately 30 minutes before the call.
During this conference call, Mr. Randy Selman, President and Chief Executive Officer of Onstream Media Corporation and the Company's CFO, Robert Tomlinson, will discuss the Company's financial results as well as the fiscal 2008 outlook. Management discussion will be followed by an open Q&A session.
The teleconference and related webcast will occur on Wednesday, December 26, 2007 at 4:30 p.m. Eastern Time. Interested parties may listen to the presentation live online at http://www.visualwebcaster.com/event.asp?id=44694 or by calling 1-866-682-6100 or 201-499-0416. It is recommended to dial in approximately 10 to 15 minutes prior to the scheduled start time. An audio rebroadcast of the conference call will be archived for one year online at http://www.visualwebcaster.com/event.asp?id=44694.
About Onstream Media:
Onstream Media Corporation (NasdaqCM: ONSM) is an online service provider of live and on-demand internet video, corporate web communications and content management applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, and supports pay-per-view for online video and other rich media assets. The DMSP also provides an efficient workflow for transcoding and publishing user- generated content in combination with social networks and online video classifieds. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. In fact, almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services.
Select Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Deutsche Bank, Disney, National Press Club, NHL, MGM, PR Newswire, Rodale, Inc., Televisa, WireOne, Shareholder.com (NASDAQ), and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, eBay, FiveAcross/Cisco and Qwest. For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655.
Certain statements in this document and elsewhere by Onstream Media are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward- looking statements include, but are not limited to fluctuations in demand; changes to economic growth in the U.S. economy; government policies and regulations, including, but not limited to those affecting the Internet. Onstream Media undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Onstream Media Corporation's filings with the Securities and Exchange Commission.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
SpaceDev Completes First Phase of Development on Hybrid Rocket Lunar Lander
Thursday December 20, 7:34 pm ET
Project Is First to Demonstrate Applied Throttling Capability
POWAY, CA--(MARKET WIRE)--Dec 20, 2007 -- SpaceDev, Inc. (OTC BB: SPDV.OB) announced today that it has concluded the first phase of development on its hybrid rocket powered lunar lander prototype, with a successful flight test. The effort was supported by the International Lunar Observatory Association (ILOA) led by Steve Durst, who envision using the technology to bring their ILO spacecraft to a soft landing on the South Pole of the Moon, where it will perform various astrophysics and communication functions.
During the flight test, the lander prototype vehicle's four hybrid rocket motors were ignited and throttled via radio control, their thrust adjusted in real time to achieve lift-off, ascended to approximately 35 feet, hovered, descended, and landed softly. A video of the flight may be seen at www.spacedev.com/uploads/Nov2_2007_Lander_Test.wmv.
This test marked the first ever of a hybrid rocket powered lander vehicle and demonstrated applied throttling, a key capability of SpaceDev's reliable, safe, and non-toxic hybrid propulsion technology. "This is an exciting project that has shown not only the versatility of our hybrid motors, but also SpaceDev's high levels of responsiveness and efficiency," said Mark N. Sirangelo, SpaceDev's Chairman and CEO. "We see many important applications for our throttleable rockets, and we look forward to continuing our relationship with ILOA as well as our research and development of lander vehicles."
About SpaceDev
SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions. For more information, visit www.spacedev.com.
Except for factual statements made herein, this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, although their absence does not mean that a statement is not forward looking. Forward-looking statements are based on the Company's current expectations, and are not guarantees of performance. The Company's actual results could differ materially from its current expectations. Factors that could contribute to such differences include risks and uncertainties associated with the Company's ability to effectively manage schedule changes or cancellation of customer orders, control costs and expenses, and obtain additional financing, if needed. Reference is also made to other factors described in the Company's periodic reports filed with the SEC, including the Company's most current Annual Report on Form 10-KSB and subsequent Quarterly Reports on Form 10-QSB. These forward-looking statements speak only as of the date of this release. SpaceDev does not intend to update these forward-looking statements.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Project Is First to Demonstrate Applied Throttling Capability
POWAY, CA--(MARKET WIRE)--Dec 20, 2007 -- SpaceDev, Inc. (OTC BB: SPDV.OB) announced today that it has concluded the first phase of development on its hybrid rocket powered lunar lander prototype, with a successful flight test. The effort was supported by the International Lunar Observatory Association (ILOA) led by Steve Durst, who envision using the technology to bring their ILO spacecraft to a soft landing on the South Pole of the Moon, where it will perform various astrophysics and communication functions.
During the flight test, the lander prototype vehicle's four hybrid rocket motors were ignited and throttled via radio control, their thrust adjusted in real time to achieve lift-off, ascended to approximately 35 feet, hovered, descended, and landed softly. A video of the flight may be seen at www.spacedev.com/uploads/Nov2_2007_Lander_Test.wmv.
This test marked the first ever of a hybrid rocket powered lander vehicle and demonstrated applied throttling, a key capability of SpaceDev's reliable, safe, and non-toxic hybrid propulsion technology. "This is an exciting project that has shown not only the versatility of our hybrid motors, but also SpaceDev's high levels of responsiveness and efficiency," said Mark N. Sirangelo, SpaceDev's Chairman and CEO. "We see many important applications for our throttleable rockets, and we look forward to continuing our relationship with ILOA as well as our research and development of lander vehicles."
About SpaceDev
SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions. For more information, visit www.spacedev.com.
Except for factual statements made herein, this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, although their absence does not mean that a statement is not forward looking. Forward-looking statements are based on the Company's current expectations, and are not guarantees of performance. The Company's actual results could differ materially from its current expectations. Factors that could contribute to such differences include risks and uncertainties associated with the Company's ability to effectively manage schedule changes or cancellation of customer orders, control costs and expenses, and obtain additional financing, if needed. Reference is also made to other factors described in the Company's periodic reports filed with the SEC, including the Company's most current Annual Report on Form 10-KSB and subsequent Quarterly Reports on Form 10-QSB. These forward-looking statements speak only as of the date of this release. SpaceDev does not intend to update these forward-looking statements.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Alternative Construction Technologies Announces New Interim Chief Financial Officer and Director
Thursday December 20, 11:09 am ET
MELBOURNE, Fla., Dec. 20, 2007 (PRIME NEWSWIRE) -- Alternative Construction Technologies Inc. (OTC BB: ACCY.OB), a leader in the production of structural insulated panel systems (SIPs) used in the construction of government, residential, and commercial buildings, today announced that John Wittler, CPA, has been named Interim Chief Financial Officer. Mr. Wittler replaces former Interim CFO Bruce Harmon, who was named as a Director to fill a vacancy and Chairman of the Company's Audit Committee.
Michael W. Hawkins, CEO and Chairman of Alternative Construction Technologies, commented on the recent developments: ``Bruce is a Founder of the Company and has been a valuable member of management since 2004. He was a primary member of the team that successfully brought our Company public in 2006.''
``With Bruce's knowledge of the Company and his financial expertise, the Company determined that his continued involvement would provide beneficial guidance as we continue our growth,'' he added.
Mr. Wittler brings over twenty-six years of financial management, audit and consulting experience to the Company. For the past three and a half years, Mr. Wittler was a senior manager with the international consulting firm of Control Solutions International, where he managed and performed engagements for Sarbanes-Oxley 404 compliance, internal audits and Quality Assessment Reviews for medium and large publicly held companies. From 1999 through 2002, Mr. Wittler was a project management consultant for UPS Supply Chain Solutions, where he was responsible for the design and implementation of global, integrated financial systems. Prior to 1999, Mr. Wittler has served as CFO or controller for several manufacturing companies and was Audit Manager with Ernst & Young. He holds a Bachelor of Science Degree in Accounting from Ball State University.
About Alternative Construction Technologies, Inc.
Alternative Construction Technologies, Inc. (ACCY) possesses a unique and patented construction technology called the ACTech(r) Panel System that is used in the design and production of state-of-the-art buildings in commercial, residential, industrial and modular building applications. Generically known as structural insulated panels (SIPs), ACCY's revolutionary and efficient construction solution utilizes an inherently better galvanized steel ``skin'' SIP system to complete energy-efficient, stronger, safer, faster, and more economical structure than conventional wood- and brick-based building products. The patented ACTech(r) SIP system is environmentally friendly and easier to construct with -- not only saving labor cost and cutting construction time but also reducing recurring monthly heating and cooling energy bills by 30-50% and often more. Most importantly, the ACTech(r) panel system possesses disaster tolerant strength and has tested stronger than conventional concrete block or wood frame construction. In hurricane projectile tests, the ACTech(r) Panel System has proved to meet or surpass the most stringent wind, projectile and uplift codes in the nation levied by the 2006 Florida Building Code. The ACTech(r) Panel System offers builders and consumers many competitive and comparative advantages of use due to its wide range of attributes. As this new construction technology gains awareness or hurricane- and tornado-prone states establish new building codes and rebuild from recent weather disasters, ACCY believes its products will be in greater demand.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words ``plan,'' ``expect,'' ``believe,'' and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
MELBOURNE, Fla., Dec. 20, 2007 (PRIME NEWSWIRE) -- Alternative Construction Technologies Inc. (OTC BB: ACCY.OB), a leader in the production of structural insulated panel systems (SIPs) used in the construction of government, residential, and commercial buildings, today announced that John Wittler, CPA, has been named Interim Chief Financial Officer. Mr. Wittler replaces former Interim CFO Bruce Harmon, who was named as a Director to fill a vacancy and Chairman of the Company's Audit Committee.
Michael W. Hawkins, CEO and Chairman of Alternative Construction Technologies, commented on the recent developments: ``Bruce is a Founder of the Company and has been a valuable member of management since 2004. He was a primary member of the team that successfully brought our Company public in 2006.''
``With Bruce's knowledge of the Company and his financial expertise, the Company determined that his continued involvement would provide beneficial guidance as we continue our growth,'' he added.
Mr. Wittler brings over twenty-six years of financial management, audit and consulting experience to the Company. For the past three and a half years, Mr. Wittler was a senior manager with the international consulting firm of Control Solutions International, where he managed and performed engagements for Sarbanes-Oxley 404 compliance, internal audits and Quality Assessment Reviews for medium and large publicly held companies. From 1999 through 2002, Mr. Wittler was a project management consultant for UPS Supply Chain Solutions, where he was responsible for the design and implementation of global, integrated financial systems. Prior to 1999, Mr. Wittler has served as CFO or controller for several manufacturing companies and was Audit Manager with Ernst & Young. He holds a Bachelor of Science Degree in Accounting from Ball State University.
About Alternative Construction Technologies, Inc.
Alternative Construction Technologies, Inc. (ACCY) possesses a unique and patented construction technology called the ACTech(r) Panel System that is used in the design and production of state-of-the-art buildings in commercial, residential, industrial and modular building applications. Generically known as structural insulated panels (SIPs), ACCY's revolutionary and efficient construction solution utilizes an inherently better galvanized steel ``skin'' SIP system to complete energy-efficient, stronger, safer, faster, and more economical structure than conventional wood- and brick-based building products. The patented ACTech(r) SIP system is environmentally friendly and easier to construct with -- not only saving labor cost and cutting construction time but also reducing recurring monthly heating and cooling energy bills by 30-50% and often more. Most importantly, the ACTech(r) panel system possesses disaster tolerant strength and has tested stronger than conventional concrete block or wood frame construction. In hurricane projectile tests, the ACTech(r) Panel System has proved to meet or surpass the most stringent wind, projectile and uplift codes in the nation levied by the 2006 Florida Building Code. The ACTech(r) Panel System offers builders and consumers many competitive and comparative advantages of use due to its wide range of attributes. As this new construction technology gains awareness or hurricane- and tornado-prone states establish new building codes and rebuild from recent weather disasters, ACCY believes its products will be in greater demand.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words ``plan,'' ``expect,'' ``believe,'' and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Thursday, December 20, 2007
Hycarbex-American Energy, Inc. Announces Bidding on Haseeb #1 Well
Thursday December 20, 2:12 pm ET
WESTPORT, Conn.--(BUSINESS WIRE)--The American Energy Group, Ltd. (OTC BB: AEGG.OB) announced today that Hycarbex-American Energy, Inc. (?Hycarbex?) has announced that it has commenced public advertisement for construction bidding on its planned surface treatment facility for the Haseeb #1 Well drilled by Hycarbex in 2005. The bidding period expires January 15, 2008. The facility will treat the production gas from the Haseeb #1 Well which will be sold into the Sui Southern Pipeline. The gas sales agreement is expected to be signed after the surface facility contract is awarded to the successful bidder and the facility completion date is agreed upon by Hycarbex and the contractor. The American Energy Group, Ltd. owns an 18% gross royalty in the Yasin Block (2768-7) Concession, including the Haseeb #1 Well. The working interest is co-owned by Hycarbex (85%), Techno Petroleum (Pvt) Limited (10%) and Government Holdings (Pvt) Limited (5%).
Hycarbex further announced that it plans to drill an exploration well on the Yasin Block (2768-7) during the first six (6) months of calendar 2008.
Hycarbex further announced that on November 6, 2007, the Ministry of Petroleum & Natural Resources approved the new Petroleum and Exploration Policy of 2007 (the ?New Exploration Policy?). The New Exploration Policy contains several incentives to induce foreign investment and accelerate in-country exploration activities, including new petroleum pricing policies which will increase the gas pricing available for the Yasin Block (2768-7). The increased gas prices will materially benefit The American Energy Group, Ltd. due to its 18% royalty in the Yasin Block (2768-7), which includes both the Haseeb #1 Well and the 2008 exploration well planned by Hycarbex. The New Exploration Policy is published in its entirety at the website for the Ministry of Petroleum & Natural Resources, the internet address for which is www.mpnr.gov.pk.
This news release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, or performance and underlying assumptions and other statements, including potential production rates and potential reserves, which estimates are unproven and not based upon actual production data or historical facts. These statements are subject to uncertainties and risks including, but not limited to, economic conditions, the impact of competition and pricing, actual operating conditions and results, and domestic and foreign government regulation and approvals. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of the Company are expressly qualified by the cautionary statements and any other cautionary statements which accompany the forward-looking statements. In addition, the Company disclaims any obligation to update forward-looking statements to reflect events or circumstances after the date hereof.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
WESTPORT, Conn.--(BUSINESS WIRE)--The American Energy Group, Ltd. (OTC BB: AEGG.OB) announced today that Hycarbex-American Energy, Inc. (?Hycarbex?) has announced that it has commenced public advertisement for construction bidding on its planned surface treatment facility for the Haseeb #1 Well drilled by Hycarbex in 2005. The bidding period expires January 15, 2008. The facility will treat the production gas from the Haseeb #1 Well which will be sold into the Sui Southern Pipeline. The gas sales agreement is expected to be signed after the surface facility contract is awarded to the successful bidder and the facility completion date is agreed upon by Hycarbex and the contractor. The American Energy Group, Ltd. owns an 18% gross royalty in the Yasin Block (2768-7) Concession, including the Haseeb #1 Well. The working interest is co-owned by Hycarbex (85%), Techno Petroleum (Pvt) Limited (10%) and Government Holdings (Pvt) Limited (5%).
Hycarbex further announced that it plans to drill an exploration well on the Yasin Block (2768-7) during the first six (6) months of calendar 2008.
Hycarbex further announced that on November 6, 2007, the Ministry of Petroleum & Natural Resources approved the new Petroleum and Exploration Policy of 2007 (the ?New Exploration Policy?). The New Exploration Policy contains several incentives to induce foreign investment and accelerate in-country exploration activities, including new petroleum pricing policies which will increase the gas pricing available for the Yasin Block (2768-7). The increased gas prices will materially benefit The American Energy Group, Ltd. due to its 18% royalty in the Yasin Block (2768-7), which includes both the Haseeb #1 Well and the 2008 exploration well planned by Hycarbex. The New Exploration Policy is published in its entirety at the website for the Ministry of Petroleum & Natural Resources, the internet address for which is www.mpnr.gov.pk.
This news release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, or performance and underlying assumptions and other statements, including potential production rates and potential reserves, which estimates are unproven and not based upon actual production data or historical facts. These statements are subject to uncertainties and risks including, but not limited to, economic conditions, the impact of competition and pricing, actual operating conditions and results, and domestic and foreign government regulation and approvals. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of the Company are expressly qualified by the cautionary statements and any other cautionary statements which accompany the forward-looking statements. In addition, the Company disclaims any obligation to update forward-looking statements to reflect events or circumstances after the date hereof.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
New Management at Vertical Branding
Thursday December 20, 7:50 am ET
LOS ANGELES--(BUSINESS WIRE)--Vertical Branding, Inc. (OTC BB: VBDG.OB, News) announced today that it has appointed Alan Edrick to its Board of Directors effective immediately, replacing Jeffrey Edell. In addition to his responsibilities as a director, Mr. Edrick will serve as Chairman of the Company's Audit Committee.
Mr. Edrick has extensive financial management and public accounting experience including debt and equity financing transactions, mergers and acquisitions, financial planning and analysis, and regulatory compliance. He currently serves as Executive Vice President and Chief Financial Officer of OSI Systems, Inc., a publicly traded, multinational provider of proprietary systems technology in the areas of homeland security, patient monitoring and optoelectronics.
Prior to OSI, Mr. Edrick served as Executive Vice President and Chief Financial Officer of BioSource International, Inc., until shortly after the company was sold to Invitrogen Corporation in October 2005. From 1998 to 2004, he was Senior Vice President and Chief Financial Officer of North American Scientific, Inc., and from 1989 to 1998, was employed by Price Waterhouse LLP in various positions including Senior Manager, Capital Markets. Mr. Edrick received a Bachelor of Arts degree from the University of California, Los Angeles and holds a Master of Business Administration degree from the Anderson School at the University of California, Los Angeles.
"We enthusiastically welcome Alan Edrick to the Vertical Branding Board of Directors," said Nancy Duitch, CEO of Vertical Branding. "We look forward to tapping into his impressive depth of corporate, strategic and financial expertise".
"I am pleased to begin working with the talented team at Vertical Branding,"commented Mr. Edrick. "I see tremendous growth potential for this innovative company and look forward to contributing to its success."
About Vertical Branding, Inc.
Vertical Branding, Inc. (OTC BB: VBDG.OB, News) is a consumer products, branding, marketing, and distribution company. The Company takes an integrated vertical marketing approach to brand building utilizing a variety of media channels, including television, online media, and print advertising. The Company also has established retail, catalog, and international product distribution channels to drive consumer sales. The Company?s focus is on finding appealing and high quality products that meet a real need in the marketplace with emphasis on the health, beauty, personal care, and house ware product categories.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the Securities and Exchange Commission. We assume no obligation to update these forward-looking statements. This document is only for the general information of shareholders, potential investors and other interested parties, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities. The opinions expressed herein are the current opinions of management as of the date appearing on this document.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
LOS ANGELES--(BUSINESS WIRE)--Vertical Branding, Inc. (OTC BB: VBDG.OB, News) announced today that it has appointed Alan Edrick to its Board of Directors effective immediately, replacing Jeffrey Edell. In addition to his responsibilities as a director, Mr. Edrick will serve as Chairman of the Company's Audit Committee.
Mr. Edrick has extensive financial management and public accounting experience including debt and equity financing transactions, mergers and acquisitions, financial planning and analysis, and regulatory compliance. He currently serves as Executive Vice President and Chief Financial Officer of OSI Systems, Inc., a publicly traded, multinational provider of proprietary systems technology in the areas of homeland security, patient monitoring and optoelectronics.
Prior to OSI, Mr. Edrick served as Executive Vice President and Chief Financial Officer of BioSource International, Inc., until shortly after the company was sold to Invitrogen Corporation in October 2005. From 1998 to 2004, he was Senior Vice President and Chief Financial Officer of North American Scientific, Inc., and from 1989 to 1998, was employed by Price Waterhouse LLP in various positions including Senior Manager, Capital Markets. Mr. Edrick received a Bachelor of Arts degree from the University of California, Los Angeles and holds a Master of Business Administration degree from the Anderson School at the University of California, Los Angeles.
"We enthusiastically welcome Alan Edrick to the Vertical Branding Board of Directors," said Nancy Duitch, CEO of Vertical Branding. "We look forward to tapping into his impressive depth of corporate, strategic and financial expertise".
"I am pleased to begin working with the talented team at Vertical Branding,"commented Mr. Edrick. "I see tremendous growth potential for this innovative company and look forward to contributing to its success."
About Vertical Branding, Inc.
Vertical Branding, Inc. (OTC BB: VBDG.OB, News) is a consumer products, branding, marketing, and distribution company. The Company takes an integrated vertical marketing approach to brand building utilizing a variety of media channels, including television, online media, and print advertising. The Company also has established retail, catalog, and international product distribution channels to drive consumer sales. The Company?s focus is on finding appealing and high quality products that meet a real need in the marketplace with emphasis on the health, beauty, personal care, and house ware product categories.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the Securities and Exchange Commission. We assume no obligation to update these forward-looking statements. This document is only for the general information of shareholders, potential investors and other interested parties, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities. The opinions expressed herein are the current opinions of management as of the date appearing on this document.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Wednesday, December 19, 2007
H2Diesel Holdings Announces Test Burn Agreement With Mirant Corp.
Wednesday December 19, 8:30 am ET
HOUSTON, Dec. 19 /PRNewswire-FirstCall/ -- H2Diesel Holdings, Inc. (OTC BB: HTWO.OB) announced today that it has entered into a Test Burn Agreement with Mirant Energy Trading LLC, a subsidiary of Mirant Corp. (NYSE: MIR - News) to demonstrate its proprietary biofuel technology in utility scale power generation applications.
The Agreement calls for H2Diesel to supply its biofuel for a gas turbine test program that will be performed in early 2008 at Mirant's Morgantown Generating Station, which consumed approximately 5 million gallons of distillate fuel oil in 2006. The test program will include the evaluation of both technical and environmental performance characteristics of H2Diesel's biofuel. If testing is successful, the parties intend to negotiate a mutually agreeable purchase agreement for H2Diesel's biofuel technology.
"We're excited to be teaming with Mirant, a recognized leader in reliable, affordable, and environmentally responsible energy supply to build on our recent successes as we continue to commercialize our proprietary renewable biofuel," said David A. Gillespie, president and CEO of H2Diesel. "We believe our fuel can be used in industrial and power generation applications to reduce our nation's dependence on foreign oil, and to reduce the emissions of greenhouse gasses and other pollutants. We look forward to successfully completing the testing program and to Mirant becoming one of our first large- scale electric generation customers."
"A successful test of H2Diesel's biofuel at Morgantown represents a significant opportunity for Mirant, our customers, and stakeholders," said John O'Neal, Mirant's senior vice president and chief commercial officer. "Use of renewable fuels at Morgantown, one of our largest generating sites, would be an important upgrade in our processes that would benefit the environment and the community. We have considered numerous biofuels and we believe H2Diesel's proprietary emulsion technology represents a potentially superior and more environmentally responsible product than others currently available in the market."
About H2Diesel Holdings, Inc.
H2Diesel is a development stage company that holds an exclusive license for North America, Central America and the Caribbean to proprietary technology for the manufacture of an alternative "bio-fuel" from vegetable oils and animal fats that is intended to be marketed as a new class of bio-fuel or fuel additive for power generation, heavy equipment, marine use and as a heating fuel. The Company further believes its proprietary bio-fuel will provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels and a cleaner and more efficient alternative to heating oil. H2Diesel's business model calls for establishing bio-fuel production facilities directly and through sublicensing of its technology to qualified licensees.
Forward Looking Statements
This news release contains forward-looking statements. These forward- looking statements concern the operations, prospects, plans, economic performance and financial condition of H2Diesel Holdings, Inc. (the "Company") and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to the Company's business include all the risks attendant a development stage business in the volatile energy industry, including, without limitation, the risks set forth under the caption "Risk Factors" in the Company's Annual Report on Form 10-KSB for the fiscal year ended December 31, 2006 and Current Report on Form 8-K filed on October 18, 2007.
CONTACT:
David Gillespie, President & CEO
H2Diesel Holdings, Inc.
713-973-5720
Rob Schatz
Wolfe Axelrod Weinberger
Associates, LLC.
212-370-4500
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
HOUSTON, Dec. 19 /PRNewswire-FirstCall/ -- H2Diesel Holdings, Inc. (OTC BB: HTWO.OB) announced today that it has entered into a Test Burn Agreement with Mirant Energy Trading LLC, a subsidiary of Mirant Corp. (NYSE: MIR - News) to demonstrate its proprietary biofuel technology in utility scale power generation applications.
The Agreement calls for H2Diesel to supply its biofuel for a gas turbine test program that will be performed in early 2008 at Mirant's Morgantown Generating Station, which consumed approximately 5 million gallons of distillate fuel oil in 2006. The test program will include the evaluation of both technical and environmental performance characteristics of H2Diesel's biofuel. If testing is successful, the parties intend to negotiate a mutually agreeable purchase agreement for H2Diesel's biofuel technology.
"We're excited to be teaming with Mirant, a recognized leader in reliable, affordable, and environmentally responsible energy supply to build on our recent successes as we continue to commercialize our proprietary renewable biofuel," said David A. Gillespie, president and CEO of H2Diesel. "We believe our fuel can be used in industrial and power generation applications to reduce our nation's dependence on foreign oil, and to reduce the emissions of greenhouse gasses and other pollutants. We look forward to successfully completing the testing program and to Mirant becoming one of our first large- scale electric generation customers."
"A successful test of H2Diesel's biofuel at Morgantown represents a significant opportunity for Mirant, our customers, and stakeholders," said John O'Neal, Mirant's senior vice president and chief commercial officer. "Use of renewable fuels at Morgantown, one of our largest generating sites, would be an important upgrade in our processes that would benefit the environment and the community. We have considered numerous biofuels and we believe H2Diesel's proprietary emulsion technology represents a potentially superior and more environmentally responsible product than others currently available in the market."
About H2Diesel Holdings, Inc.
H2Diesel is a development stage company that holds an exclusive license for North America, Central America and the Caribbean to proprietary technology for the manufacture of an alternative "bio-fuel" from vegetable oils and animal fats that is intended to be marketed as a new class of bio-fuel or fuel additive for power generation, heavy equipment, marine use and as a heating fuel. The Company further believes its proprietary bio-fuel will provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels and a cleaner and more efficient alternative to heating oil. H2Diesel's business model calls for establishing bio-fuel production facilities directly and through sublicensing of its technology to qualified licensees.
Forward Looking Statements
This news release contains forward-looking statements. These forward- looking statements concern the operations, prospects, plans, economic performance and financial condition of H2Diesel Holdings, Inc. (the "Company") and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to the Company's business include all the risks attendant a development stage business in the volatile energy industry, including, without limitation, the risks set forth under the caption "Risk Factors" in the Company's Annual Report on Form 10-KSB for the fiscal year ended December 31, 2006 and Current Report on Form 8-K filed on October 18, 2007.
CONTACT:
David Gillespie, President & CEO
H2Diesel Holdings, Inc.
713-973-5720
Rob Schatz
Wolfe Axelrod Weinberger
Associates, LLC.
212-370-4500
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Disaster Recovery Homes Recieve Buildsmart Certifications
Tuesday December 18, 2:30 pm ET
Florida State Housing Initiative Program (SHIP) Disaster Recovery Homes Built by Alternative Construction by Revels in Manatee County and DeSoto County Receive BuildSmart Certifications
MELBOURNE, Fla., Dec. 18, 2007 (PRIME NEWSWIRE) -- Alternative Construction Technologies, Inc. (OTC BB: ACCY.OB) announced today that Florida Power & Light (NYSE:FPL - News) BuildSmart(tm) Program has certified several recently completed ACTech(r) Panel galvanized steel structural insulated panel homes under its energy conservation-minded program. These homes are designated as affordable and were constructed under funding by the State Housing Initiative Program in Manatee County, Florida or from DeSoto County Disaster Recovery in DeSoto County, Florida in relation to damage done by Category 5, Hurricane Charlie in 2004. The Company also announced its Alternative Construction by Revels (ACR) division has been certified as a participating builder under their continuing BuildSmart(tm) Program and as a Florida State Housing Initiate Program (SHIP) qualified builder in Manatee County Florida for disaster recovery relief homes.
BuildSmart(tm) homes are inspected and approved by FPL representatives who are accredited by the State of Florida Department of Community Affairs to rate energy efficiency. While ACCY advertises energy savings of between 30 -- 50%, the company's ACTech(r) Panel System often provides monthly energy savings of up to 70%. FPL certifies that BuildSmart homes constructed by ACR exceeded state energy code requirements, benefitting homeowners and all Floridians through lower energy use and conservation of natural resources. As a result, ACR will be listed on FPL's website and ACTech(r) Panel homes will receive certain promotional signage and recognition.
The recently certified 1,425 square foot home, which was built in Southwest Florida by ACR, had an average 29 days of service for the most recent six month period beginning May through October 2007. During the hottest six months of Florida weather, the average monthly electric bill was $56.49, with a peak bill of $70.02 recorded in September, which is historically one the hottest months of the year. The air conditioning thermostat was reportedly kept at a constant 75 -- 78 degrees. The lower energy bills further qualify Alternative Construction Technologies' homes as affordable based upon lower monthly budgetary expenses that include utility costs.
``We are pleased with our results and to receive such a prominent endorsement of our product benefits from FPL, one of Americas most admired companies,'' stated A.J. Francel, the COO of Alternative Construction Technologies. ``We continue to align ourselves with the goals of government, major energy providers, consumers, insurance companies, distributors, builders, conservationists and policy makers. The combination of disaster resistant strength, energy efficiency, Class 1 fire rating and construction speed offers a desirable combination for consumers and builders alike,'' he added.
Additionally, three recently built homes under a Master Contract for DeSoto County Disaster Recovery in Arcadia, Florida passed BuildSmart(tm) certification inspections. Upon inspection, the DeSoto County area inspector for FPL's BuildSmart(tm) Program was visibly taken aback by these homes, with their interior spaciousness, vaulted ceilings, overall quality and most importantly the attention to energy efficiency in the homes.
The BuildSmart(tm) Inspector commented, ``Comfortable throughout!'' Then added, ``Innovative! These homes clearly demonstrate that through the thoughtful utilization of newer building materials, careful attention to overall design and component selection, even the most affordable of homes can achieve state-of-the-art energy efficiencies.''
About Alternative Construction Technologies, Inc.
Alternative Construction Technologies, Inc. (ACT) possesses a unique and patented construction technology called the ACTech(r) Panel System that is used in the design and production of state of the art buildings in commercial, residential, industrial and modular building applications. Generically known as structural insulated panels (SIPs), ACT's revolutionary and efficient construction solution utilizes an inherently better galvanized steel ``skin'' SIP system to complete energy efficient, stronger, safer, faster, and more economical structure than conventional wood and brick based building products. The patented ACTech(r) Panel is environmentally-friendly and easier to construct with -- not only saving labor cost and cutting construction time, but also reducing recurring monthly heating and cooling energy bills by 30 -- 50% and often more. Most importantly, the ACTech(r) Panel possesses disaster resistant strength and has tested stronger than conventional concrete block or wood frame construction. In hurricane projectile tests, the ACTech(r) Panel continues to meet the most stringent wind, projectile and uplift codes in the nation levied by the 2006 Florida Building Code. The ACTech(r) Panel System offers builders and consumers many competitive and comparative advantages of use due to its wide range of attributes. As this new construction technology gains awareness, or hurricane and tornado-prone states establish new building codes and rebuild from recent weather disasters, ACT believes its' products will be in greater demand. ACT has recently added complementary services including design, consulting, and construction through its various general contracting companies located in Florida, Georgia and Tennessee.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words ``plan,'' ``expect,'' ``believe,'' and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Florida State Housing Initiative Program (SHIP) Disaster Recovery Homes Built by Alternative Construction by Revels in Manatee County and DeSoto County Receive BuildSmart Certifications
MELBOURNE, Fla., Dec. 18, 2007 (PRIME NEWSWIRE) -- Alternative Construction Technologies, Inc. (OTC BB: ACCY.OB) announced today that Florida Power & Light (NYSE:FPL - News) BuildSmart(tm) Program has certified several recently completed ACTech(r) Panel galvanized steel structural insulated panel homes under its energy conservation-minded program. These homes are designated as affordable and were constructed under funding by the State Housing Initiative Program in Manatee County, Florida or from DeSoto County Disaster Recovery in DeSoto County, Florida in relation to damage done by Category 5, Hurricane Charlie in 2004. The Company also announced its Alternative Construction by Revels (ACR) division has been certified as a participating builder under their continuing BuildSmart(tm) Program and as a Florida State Housing Initiate Program (SHIP) qualified builder in Manatee County Florida for disaster recovery relief homes.
BuildSmart(tm) homes are inspected and approved by FPL representatives who are accredited by the State of Florida Department of Community Affairs to rate energy efficiency. While ACCY advertises energy savings of between 30 -- 50%, the company's ACTech(r) Panel System often provides monthly energy savings of up to 70%. FPL certifies that BuildSmart homes constructed by ACR exceeded state energy code requirements, benefitting homeowners and all Floridians through lower energy use and conservation of natural resources. As a result, ACR will be listed on FPL's website and ACTech(r) Panel homes will receive certain promotional signage and recognition.
The recently certified 1,425 square foot home, which was built in Southwest Florida by ACR, had an average 29 days of service for the most recent six month period beginning May through October 2007. During the hottest six months of Florida weather, the average monthly electric bill was $56.49, with a peak bill of $70.02 recorded in September, which is historically one the hottest months of the year. The air conditioning thermostat was reportedly kept at a constant 75 -- 78 degrees. The lower energy bills further qualify Alternative Construction Technologies' homes as affordable based upon lower monthly budgetary expenses that include utility costs.
``We are pleased with our results and to receive such a prominent endorsement of our product benefits from FPL, one of Americas most admired companies,'' stated A.J. Francel, the COO of Alternative Construction Technologies. ``We continue to align ourselves with the goals of government, major energy providers, consumers, insurance companies, distributors, builders, conservationists and policy makers. The combination of disaster resistant strength, energy efficiency, Class 1 fire rating and construction speed offers a desirable combination for consumers and builders alike,'' he added.
Additionally, three recently built homes under a Master Contract for DeSoto County Disaster Recovery in Arcadia, Florida passed BuildSmart(tm) certification inspections. Upon inspection, the DeSoto County area inspector for FPL's BuildSmart(tm) Program was visibly taken aback by these homes, with their interior spaciousness, vaulted ceilings, overall quality and most importantly the attention to energy efficiency in the homes.
The BuildSmart(tm) Inspector commented, ``Comfortable throughout!'' Then added, ``Innovative! These homes clearly demonstrate that through the thoughtful utilization of newer building materials, careful attention to overall design and component selection, even the most affordable of homes can achieve state-of-the-art energy efficiencies.''
About Alternative Construction Technologies, Inc.
Alternative Construction Technologies, Inc. (ACT) possesses a unique and patented construction technology called the ACTech(r) Panel System that is used in the design and production of state of the art buildings in commercial, residential, industrial and modular building applications. Generically known as structural insulated panels (SIPs), ACT's revolutionary and efficient construction solution utilizes an inherently better galvanized steel ``skin'' SIP system to complete energy efficient, stronger, safer, faster, and more economical structure than conventional wood and brick based building products. The patented ACTech(r) Panel is environmentally-friendly and easier to construct with -- not only saving labor cost and cutting construction time, but also reducing recurring monthly heating and cooling energy bills by 30 -- 50% and often more. Most importantly, the ACTech(r) Panel possesses disaster resistant strength and has tested stronger than conventional concrete block or wood frame construction. In hurricane projectile tests, the ACTech(r) Panel continues to meet the most stringent wind, projectile and uplift codes in the nation levied by the 2006 Florida Building Code. The ACTech(r) Panel System offers builders and consumers many competitive and comparative advantages of use due to its wide range of attributes. As this new construction technology gains awareness, or hurricane and tornado-prone states establish new building codes and rebuild from recent weather disasters, ACT believes its' products will be in greater demand. ACT has recently added complementary services including design, consulting, and construction through its various general contracting companies located in Florida, Georgia and Tennessee.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words ``plan,'' ``expect,'' ``believe,'' and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Tuesday, December 18, 2007
Dutton Associates Announces Investment Opinion On PBIO
Tuesday December 18, 12:30 pm ET
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Dutton Associates updates its coverage of Pressure BioSciences (NasdaqCM: PBIO) maintaining a Strong Speculative Buy rating and a 12 month target price of $10. The 17-page report by Dutton senior analyst Denise T. Resnik, M.S. is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
We are reiterating our rating of Pressure BioSciences Inc. as a Strong Speculative Buy and our 12-month price target of $10.00 per share. The Company has developed a unique and superior technology for the preparation of biological laboratory samples and is in the early stages of commercialization of its product platform. While this quarter?s revenues were somewhat disappointing, we believe that as the sales force is now in place, sales should ramp up in coming quarters, and investors will increasingly recognize the value inherent to this technology. We expect that the shares will begin to reflect the substantial profits that we believe the Company can generate beginning in 2010. We believe that as the coming 12-month period progresses, Pressure BioSciences will begin to demonstrate its ability to place a rapidly-increasing number of Barocyclers, and that the potential for substantial profits beginning in 2010 will begin to be recognized in these shares. Accordingly, we have established a 12-month price target of $10. Based on a 20 multiple of projected 2010 earnings per share of $1.51, a substantially higher 12-month target stock price could be generated even if this future value is discounted at a rate that reflects the risks to our projections.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 30 senior analysts are primarily CFAs, and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $32,000 from the Company for 4 Research Reports with coverage commencing on 9/12/07. The Firm does not accept any equity compensation. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Dutton Associates updates its coverage of Pressure BioSciences (NasdaqCM: PBIO) maintaining a Strong Speculative Buy rating and a 12 month target price of $10. The 17-page report by Dutton senior analyst Denise T. Resnik, M.S. is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
We are reiterating our rating of Pressure BioSciences Inc. as a Strong Speculative Buy and our 12-month price target of $10.00 per share. The Company has developed a unique and superior technology for the preparation of biological laboratory samples and is in the early stages of commercialization of its product platform. While this quarter?s revenues were somewhat disappointing, we believe that as the sales force is now in place, sales should ramp up in coming quarters, and investors will increasingly recognize the value inherent to this technology. We expect that the shares will begin to reflect the substantial profits that we believe the Company can generate beginning in 2010. We believe that as the coming 12-month period progresses, Pressure BioSciences will begin to demonstrate its ability to place a rapidly-increasing number of Barocyclers, and that the potential for substantial profits beginning in 2010 will begin to be recognized in these shares. Accordingly, we have established a 12-month price target of $10. Based on a 20 multiple of projected 2010 earnings per share of $1.51, a substantially higher 12-month target stock price could be generated even if this future value is discounted at a rate that reflects the risks to our projections.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 30 senior analysts are primarily CFAs, and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $32,000 from the Company for 4 Research Reports with coverage commencing on 9/12/07. The Firm does not accept any equity compensation. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
CO2 Transformation -- Not CO2 Storage -- Is the Solution
Tuesday December 18, 12:28 pm ET
SANTA BARBARA, CA--(MARKET WIRE)--Dec 18, 2007 -- Carbon Sciences, Inc. (Other OTC: CABN.OB), the developer of a breakthrough technology to transform earth-destroying carbon dioxide (CO2) into earth-friendly carbon products, makes the case for its CO2 transformation technology over CO2 storage schemes."
The success of the conference signifies that the world is ready to take on active efforts, such as technology investments, to solve the problem of global warming," commented Derek McLeish, Carbon Sciences CEO. "Current ideas for dealing with CO2 emissions from primary sources, like power plants and industrial factories, based on capturing CO2 gases and burying them underground and the ocean floor, are shortsighted. We believe that is a dangerous solution and will leave a ticking time bomb for future generations to address."
The UN Climate Change Conference in Bali concluded on December 15, 2007 with an agreement between nearly 190 countries to take "active" measures against global warming. The agreement, reached after several days of talks, calls on developing nations to take "actions" to mitigate climate change in a "measurable, reportable, and verifiable" manner. Developing countries, such as China and India, as well as developed countries like the United States, will face a new level of accountability and pressure to reduce emissions under the next global climate-change pact.
For the first time in the history of climate change talks, the United States has come to the table collaborative in negotiating a viable solution. Paula Dobriansky, deputy U.S. secretary of state and a leader of the American delegation, called the accord "a new chapter in climate diplomacy" and said the U.S. is "very committed to developing a long-term global greenhouse gas reduction emission goal.
"Mr. McLeish continues, "The carbon-based economy will not go away any time soon and neither will global industrialization. No amount of incandescent light bulbs we replace and no amount of lobbying by alternative energy groups will change the carbon economy fast enough to avoid irreparable damage caused by global warming. CO2 emissions will continue at an accelerated pace that is harmful to the Earth. We believe that the best approach is to transform CO2 emissions into useful products such as building materials, paper, plastics and fertilizers that support continued industrialization. We are hopeful that carbon transformation technology, like our patent-pending GreenCarbon system, will allow our grandchildren and their grandchildren to enjoy a world free of global warming."
About Carbon Sciences, Inc.
Carbon Sciences, Inc. is developing an innovative technology to transform earth destroying carbon dioxide (CO2) into earth friendly carbon products. We call this breakthrough GreenCarbon(TM) Technology. By eliminating harmful CO2 from human created sources, such as power plants and industrial factories, we will help reduce global warming. By transforming harmful CO2 into useful carbon products, such as building materials, paper, plastics and fertilizers, our patent-pending technology will help create environmentally friendly products and industries. To learn more about the Company, please visit our website at http://www.carbonsciences.com.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
SANTA BARBARA, CA--(MARKET WIRE)--Dec 18, 2007 -- Carbon Sciences, Inc. (Other OTC: CABN.OB), the developer of a breakthrough technology to transform earth-destroying carbon dioxide (CO2) into earth-friendly carbon products, makes the case for its CO2 transformation technology over CO2 storage schemes."
The success of the conference signifies that the world is ready to take on active efforts, such as technology investments, to solve the problem of global warming," commented Derek McLeish, Carbon Sciences CEO. "Current ideas for dealing with CO2 emissions from primary sources, like power plants and industrial factories, based on capturing CO2 gases and burying them underground and the ocean floor, are shortsighted. We believe that is a dangerous solution and will leave a ticking time bomb for future generations to address."
The UN Climate Change Conference in Bali concluded on December 15, 2007 with an agreement between nearly 190 countries to take "active" measures against global warming. The agreement, reached after several days of talks, calls on developing nations to take "actions" to mitigate climate change in a "measurable, reportable, and verifiable" manner. Developing countries, such as China and India, as well as developed countries like the United States, will face a new level of accountability and pressure to reduce emissions under the next global climate-change pact.
For the first time in the history of climate change talks, the United States has come to the table collaborative in negotiating a viable solution. Paula Dobriansky, deputy U.S. secretary of state and a leader of the American delegation, called the accord "a new chapter in climate diplomacy" and said the U.S. is "very committed to developing a long-term global greenhouse gas reduction emission goal.
"Mr. McLeish continues, "The carbon-based economy will not go away any time soon and neither will global industrialization. No amount of incandescent light bulbs we replace and no amount of lobbying by alternative energy groups will change the carbon economy fast enough to avoid irreparable damage caused by global warming. CO2 emissions will continue at an accelerated pace that is harmful to the Earth. We believe that the best approach is to transform CO2 emissions into useful products such as building materials, paper, plastics and fertilizers that support continued industrialization. We are hopeful that carbon transformation technology, like our patent-pending GreenCarbon system, will allow our grandchildren and their grandchildren to enjoy a world free of global warming."
About Carbon Sciences, Inc.
Carbon Sciences, Inc. is developing an innovative technology to transform earth destroying carbon dioxide (CO2) into earth friendly carbon products. We call this breakthrough GreenCarbon(TM) Technology. By eliminating harmful CO2 from human created sources, such as power plants and industrial factories, we will help reduce global warming. By transforming harmful CO2 into useful carbon products, such as building materials, paper, plastics and fertilizers, our patent-pending technology will help create environmentally friendly products and industries. To learn more about the Company, please visit our website at http://www.carbonsciences.com.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Dutton Associates Announces Investment Opinion On QPCI
Tuesday December 18, 12:15 pm ET
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Dutton Associates updates its coverage of QPC Lasers (OTC BB: QPCI.OB) maintaining a Strong Speculative Buy rating and a price target of $2.00. The 11-page report by Dutton senior analyst Stuart Brown is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
QPC Lasers has excellent technological capabilities. The Company produces semiconductor lasers with output ten times higher, yet with power requirements substantially lower, than traditionally available lasers. The smaller footprint, reduced weight and lower cost are competitive advantages that are generating rapid growth in revenues. The Company is making the transition from basically an R&D operation to a production orientation. Funding for R&D has come partially from various defense agencies. However, applications for the Company?s lasers also exist in the consumer electronics, medical and industrial manufacturing areas. Revenues have about tripled in the first half of this year, and more than doubled in the third quarter. Further rapid growth in revenues is projected. We believe the Company could turn cash-flow positive in the final quarter of 2008. On December 1, 2007, QPC Lasers announced a major contract with a consumer electronics company to develop and deliver lasers to be used in rear-projection televisions. Pursuant to the contract, QPC Lasers Inc. expects to receive development milestone payments of up to $1.15 million over the next 90 days. In addition, once product specifications have been met, a non-cancellable order totaling about $11 million for product delivery through June 2011 will be put into effect. The contract also provides for an exclusive supply relationship that, depending on the size of the rear projection TV market, carries a value of up to $230 million over the ten-year term of the contract.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 31 senior analysts are primarily CFAs and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. The Firm does not accept any equity compensation. We received $35,000 from the Company for 4 quarterly Research Reports with coverage commencing on 6/13/2007. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Dutton Associates updates its coverage of QPC Lasers (OTC BB: QPCI.OB) maintaining a Strong Speculative Buy rating and a price target of $2.00. The 11-page report by Dutton senior analyst Stuart Brown is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
QPC Lasers has excellent technological capabilities. The Company produces semiconductor lasers with output ten times higher, yet with power requirements substantially lower, than traditionally available lasers. The smaller footprint, reduced weight and lower cost are competitive advantages that are generating rapid growth in revenues. The Company is making the transition from basically an R&D operation to a production orientation. Funding for R&D has come partially from various defense agencies. However, applications for the Company?s lasers also exist in the consumer electronics, medical and industrial manufacturing areas. Revenues have about tripled in the first half of this year, and more than doubled in the third quarter. Further rapid growth in revenues is projected. We believe the Company could turn cash-flow positive in the final quarter of 2008. On December 1, 2007, QPC Lasers announced a major contract with a consumer electronics company to develop and deliver lasers to be used in rear-projection televisions. Pursuant to the contract, QPC Lasers Inc. expects to receive development milestone payments of up to $1.15 million over the next 90 days. In addition, once product specifications have been met, a non-cancellable order totaling about $11 million for product delivery through June 2011 will be put into effect. The contract also provides for an exclusive supply relationship that, depending on the size of the rear projection TV market, carries a value of up to $230 million over the ten-year term of the contract.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 31 senior analysts are primarily CFAs and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. The Firm does not accept any equity compensation. We received $35,000 from the Company for 4 quarterly Research Reports with coverage commencing on 6/13/2007. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Synthetech Receives ISO 14001 Certification
Tuesday December 18, 11:28 am ET
ALBANY, Ore., Dec. 18 /PRNewswire-FirstCall/ -- To validate its on-going efforts to be a responsible environmental steward, Synthetech, Inc. (OTC BB: NZYM.OB) today announced that it has achieved ISO 14001:2004 certification as verified by Underwriters Laboratories, Inc.
The ISO 14001 Standard is an internationally accepted standard for environmental management systems created by the International Organization for Standardization to help organizations minimize how their operations affect the environment, comply with related laws, regulations, and requirements, and establish continuous improvement practices.
"Synthetech is dedicated to accountable environmental practices and our employees are committed to responsible planning to ensure we safeguard the environment," said Dr. Greg Hahn, President and COO. "With a core environmental, health, safety, and security-focused culture, we have now formalized our systems to utilize the ISO14001 standards and it's concept of plan, do, check, and act to continuously improve our environmental performance and have the least impact on our environment and burden for future generations."
As part of the efforts to achieve this well-recognized certification, Synthetech has established its own Environmental Management System (EMS) to ensure that their activities, products, and services have minimal impact on or risk to the environment. Synthetech's EMS helps monitor and improve upon environmental areas within their operations, such as toxic chemical and hazardous waste reduction, resource conservation, employee and community involvement, and long term environmental capital improvement opportunities."
The Synthetech Team has been instrumental in ensuring that our Environmental Management System is effectively implemented including identifying ways to reduce, reuse, and recycle waste and minimize energy usage," said Deron Neukomm, Quality Assurance/Environmental, Health, Safety, and Security Manager.
Synthetech, Inc. is a fine chemicals company specializing in organic synthesis, biocatalysis and chiral technologies. Synthetech develops and manufactures amino acid derivatives, specialty amino acids, peptide fragments, proprietary custom chiral intermediates and specialty resins, primarily for the pharmaceutical industry. Synthetech's products support the development and manufacture of therapeutic peptides and peptidomimetic small molecule drugs at every stage of a customer's clinical development pipeline, and are used in drugs for the treatment of AIDS, cancer, cardiovascular and other diseases.
MORE INFORMATION:
Contact: Deron Neukomm, 541 967-6575
Web site: http://www.synthetech.com
E-mail: investor@synthetech.com
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
ALBANY, Ore., Dec. 18 /PRNewswire-FirstCall/ -- To validate its on-going efforts to be a responsible environmental steward, Synthetech, Inc. (OTC BB: NZYM.OB) today announced that it has achieved ISO 14001:2004 certification as verified by Underwriters Laboratories, Inc.
The ISO 14001 Standard is an internationally accepted standard for environmental management systems created by the International Organization for Standardization to help organizations minimize how their operations affect the environment, comply with related laws, regulations, and requirements, and establish continuous improvement practices.
"Synthetech is dedicated to accountable environmental practices and our employees are committed to responsible planning to ensure we safeguard the environment," said Dr. Greg Hahn, President and COO. "With a core environmental, health, safety, and security-focused culture, we have now formalized our systems to utilize the ISO14001 standards and it's concept of plan, do, check, and act to continuously improve our environmental performance and have the least impact on our environment and burden for future generations."
As part of the efforts to achieve this well-recognized certification, Synthetech has established its own Environmental Management System (EMS) to ensure that their activities, products, and services have minimal impact on or risk to the environment. Synthetech's EMS helps monitor and improve upon environmental areas within their operations, such as toxic chemical and hazardous waste reduction, resource conservation, employee and community involvement, and long term environmental capital improvement opportunities."
The Synthetech Team has been instrumental in ensuring that our Environmental Management System is effectively implemented including identifying ways to reduce, reuse, and recycle waste and minimize energy usage," said Deron Neukomm, Quality Assurance/Environmental, Health, Safety, and Security Manager.
Synthetech, Inc. is a fine chemicals company specializing in organic synthesis, biocatalysis and chiral technologies. Synthetech develops and manufactures amino acid derivatives, specialty amino acids, peptide fragments, proprietary custom chiral intermediates and specialty resins, primarily for the pharmaceutical industry. Synthetech's products support the development and manufacture of therapeutic peptides and peptidomimetic small molecule drugs at every stage of a customer's clinical development pipeline, and are used in drugs for the treatment of AIDS, cancer, cardiovascular and other diseases.
MORE INFORMATION:
Contact: Deron Neukomm, 541 967-6575
Web site: http://www.synthetech.com
E-mail: investor@synthetech.com
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Synthetech Earns Four Awads For Performance Improvement Program
Tuesday December 18, 11:26 am ET
ALBANY, Ore., Dec. 18 /PRNewswire-FirstCall/ -- Synthetech, Inc. (OTC BB: NZYM.OB) has earned four 2007 Silver Performance Improvement Awards for their outstanding accomplishments in environmental, health, safety and security (EHS&S) performance. The Silver Awards are presented by the Synthetic Organic Chemical Manufacturers Association (SOCMA) and sponsored by ChemStewards, SOCMA's EHS&S initiative. The awards are highly regarded and demonstrate Synthetech's level of commitment and progress to the principles of EHS&S that puts them in a class above their peers.
In winning four Silver Awards, Synthetech is receiving more awards than any other facility. "Synthetech should be commended for their work," said Joe Acker, SOCMA president. "Our panel of judges found them to be an impressive example for the rest of the industry. Synthetech shows they are committed to performance excellence and to improving the quality of life in their community. We hope that other companies will see the progress Synthetech has made and will use them as an example for their own programs. We applaud Synthetech and hope they continue these efforts."
"Our commitment to environmental, health, safety, and security is driven by our culture and these SOCMA awards provide visibility for actions which are standard procedure at Synthetech every day," said Synthetech President and COO, Dr. Greg Hahn. "We are especially proud of the on-going hard work by our employees to ensure a safe and secure environment for our facilities and community."
SOCMA, the leading international trade association representing the custom and specialty chemical industry, recognized Synthetech at its Annual Dinner during a special awards ceremony on December 10th in New York City.
As part of the Awards process, Synthetech outlined its efforts to:
-- Reduce waste;
-- Use resources as efficiently as possible;
-- Engage stakeholders and their community continually and effectively;
-- Promote the concept of product stewardship throughout a product's lifecycle. Product stewardship is the responsible management of EHS&S issues such as safe transport, storage, use and disposal.
SOCMA members manufacture thousands of products annually. From pharmaceuticals to cosmetics, soaps to plastics, and all kinds of industrial and construction products, SOCMA members produce the building blocks for materials that save lives, ensure our food supply is safe and abundant, and enable the manufacture of literally thousands of other products. Visit SOCMA's online press room at http://www.socma.com/.
ChemStewards® is SOCMA's flagship environmental, health, safety and security (EHS&S) continuous performance improvement program. ChemStewards was created from industry's commitment to reducing the environmental footprint left by member facilities. Industry created ChemStewards to meet the unique needs of the batch, custom, and specialty chemical industry. As a mandatory requirement for SOCMA members engaged in the manufacturing or handling of synthetic and organic chemicals, ChemStewards is helping participants reach for superior EHS&S performance through the program's Core Principles. To learn more visit http://www.chemstewards.com/.
Synthetech, Inc. is a fine chemicals company specializing in organic synthesis, biocatalysis and chiral technologies. Synthetech develops and manufactures amino acid derivatives, specialty amino acids, peptide fragments, proprietary custom chiral intermediates and specialty resins, primarily for the pharmaceutical industry. Synthetech's products support the development and manufacture of therapeutic peptides and peptidomimetic small molecule drugs at every stage of a customer's clinical development pipeline, and are used in drugs for the treatment of AIDS, cancer, cardiovascular and other diseases.
MORE INFORMATION:
Contact: Deron Neukomm, 541 967-6575
Web site: http://www.synthetech.com/
E-mail: investor@synthetech.com
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
ALBANY, Ore., Dec. 18 /PRNewswire-FirstCall/ -- Synthetech, Inc. (OTC BB: NZYM.OB) has earned four 2007 Silver Performance Improvement Awards for their outstanding accomplishments in environmental, health, safety and security (EHS&S) performance. The Silver Awards are presented by the Synthetic Organic Chemical Manufacturers Association (SOCMA) and sponsored by ChemStewards, SOCMA's EHS&S initiative. The awards are highly regarded and demonstrate Synthetech's level of commitment and progress to the principles of EHS&S that puts them in a class above their peers.
In winning four Silver Awards, Synthetech is receiving more awards than any other facility. "Synthetech should be commended for their work," said Joe Acker, SOCMA president. "Our panel of judges found them to be an impressive example for the rest of the industry. Synthetech shows they are committed to performance excellence and to improving the quality of life in their community. We hope that other companies will see the progress Synthetech has made and will use them as an example for their own programs. We applaud Synthetech and hope they continue these efforts."
"Our commitment to environmental, health, safety, and security is driven by our culture and these SOCMA awards provide visibility for actions which are standard procedure at Synthetech every day," said Synthetech President and COO, Dr. Greg Hahn. "We are especially proud of the on-going hard work by our employees to ensure a safe and secure environment for our facilities and community."
SOCMA, the leading international trade association representing the custom and specialty chemical industry, recognized Synthetech at its Annual Dinner during a special awards ceremony on December 10th in New York City.
As part of the Awards process, Synthetech outlined its efforts to:
-- Reduce waste;
-- Use resources as efficiently as possible;
-- Engage stakeholders and their community continually and effectively;
-- Promote the concept of product stewardship throughout a product's lifecycle. Product stewardship is the responsible management of EHS&S issues such as safe transport, storage, use and disposal.
SOCMA members manufacture thousands of products annually. From pharmaceuticals to cosmetics, soaps to plastics, and all kinds of industrial and construction products, SOCMA members produce the building blocks for materials that save lives, ensure our food supply is safe and abundant, and enable the manufacture of literally thousands of other products. Visit SOCMA's online press room at http://www.socma.com/.
ChemStewards® is SOCMA's flagship environmental, health, safety and security (EHS&S) continuous performance improvement program. ChemStewards was created from industry's commitment to reducing the environmental footprint left by member facilities. Industry created ChemStewards to meet the unique needs of the batch, custom, and specialty chemical industry. As a mandatory requirement for SOCMA members engaged in the manufacturing or handling of synthetic and organic chemicals, ChemStewards is helping participants reach for superior EHS&S performance through the program's Core Principles. To learn more visit http://www.chemstewards.com/.
Synthetech, Inc. is a fine chemicals company specializing in organic synthesis, biocatalysis and chiral technologies. Synthetech develops and manufactures amino acid derivatives, specialty amino acids, peptide fragments, proprietary custom chiral intermediates and specialty resins, primarily for the pharmaceutical industry. Synthetech's products support the development and manufacture of therapeutic peptides and peptidomimetic small molecule drugs at every stage of a customer's clinical development pipeline, and are used in drugs for the treatment of AIDS, cancer, cardiovascular and other diseases.
MORE INFORMATION:
Contact: Deron Neukomm, 541 967-6575
Web site: http://www.synthetech.com/
E-mail: investor@synthetech.com
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
ZANE Raises 2007 Q4 Revenue Guidance Range 8-12% above 4th Quarter 2006
Tuesday December 18, 8:00 am ET
4th Quarter 2007 Revenue Guidance Increased to Range of 8-12%
$17 Million in New Contracts since September 1st
NEW YORK--(BUSINESS WIRE)--Zanett, Inc. (NasdaqCM: ZANE) consulting firm serving Fortune 500 corporations, mid-market companies, and highly classified federal agencies involved in Homeland Defense and Homeland Security, today announced it was raising 2007 Q4 revenue guidance to a range of 8-12% above 4th quarter 2006, up from previous guidance of 4-9%. Fourth quarter 2007 revenue is expected to be between $12 million and $12.5 million, up from $11.1 million in the same quarter in 2006.
On reviewing our November data point, and with clear visibility through December, we are confident about our revised guidance,? said Dennis Harkins, Chief Financial Officer of Zanett. ?In September, we completed our 9-month comprehensive re-org plan, and during the last three months, we have closed approximately $17 million in new deals on the commercial side. These are the long-awaited fruits of our labor.
Some of the representative contracts the company has closed since September 1st include:
Our commercial segment has never been stronger,Harkins added. ?The implementation of our revised business model will have a tremendous impact on our bottom line next year, and we should see the benefits of our recent operational realignment beginning in the current quarter.
Claudio Guazzoni, Chief Executive Officer of Zanett, said, ?Our sales team is positioned to deliver aggressive revenue growth and profitability in 2008. Our continued focus on managed service contracts, supplemented by the continued development of our government program, will help us achieve this goal. We are thrilled with the progress we have made in the fourth quarter, and we look forward to building this momentum as we begin the New Year.
About Zanett, Inc.
Zanett is an information technology company that provides customized, mission-critical IT solutions to Fortune 500 corporations, mid-market companies, and classified government agencies involved in Homeland Defense and Homeland Security. The company operates in two segments, Government Solutions and Commercial Solutions.
Zanett's Government Solutions segment specializes in providing advanced software and satellite engineering services with domain area expertise in the realm of classified geospatial data exploitation and representation as well as IT infrastructure related to Homeland Defense and Homeland Security.
The Commercial Solutions segment provides Management Consulting services and delivers custom business solutions that integrate and implement Oracle's full suite of product offerings - Oracle, JD Edwards, PeopleSoft, Seibel, together with associated Oracle Fusion technologies. A wide range of delivery expertise is provided to clients, including Managed Services, Enterprise Applications, Business Intelligence, Web and Portal Development, and Middleware Technologies. Zanett also provides full infrastructure and application hosting, utilizing local and international resources, remote and onsite DBA support, all on a 24x7 basis.
Zanett currently employs over 234 people nationwide, is headquartered in New York City, and operates out of 9 offices (Atlanta, Boston, Cincinnati, Denver, Detroit, Indianapolis, Jacksonville, New York City and the Philippines). For more information, please visit http://www.zanett.com/.
Certain statements in this news release regarding projected results of operations, or, projected results of financial plans or future strategies and initiatives, including, but not limited to, projections of revenue, projections of profitability, any and all future expectation, and plans for future activities may and should be regarded as ``forward-looking statements'' within the meaning of the Securities Litigation Reform Act. These statements involve, among other things, known and unknown risks, uncertainties and other factors that may cause Zanett, Inc.'s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Zanett currently is considering, but in reality may or may not in the future implement any or all of the items and issues listed in any planned budget or strategic initiative, due to, among other things, known and unknown risks, uncertainties and other factors.
Circumstances do change, and if and when the landscape changes, Zanett shall endeavor to remain as flexible as possible, and adjust its strategy accordingly. Zanett, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, change in strategy, or otherwise. The abovementioned listing of risks and uncertainties is not inclusive. For a more detailed discussion of some, but not all, of the risks and uncertainties that may affect Zanett, Inc., see Zanett, Inc.'s filing with the Securities and Exchange Commission, including its Annual Report on Form 10-K, for the fiscal year ended December 31, 2006 and its Quarterly Report on Form 10-Q for the quarter ended June 30th 2007 and March 31st 2007.
Neither Zanett, Inc. nor Zanett Oracle Solutions is a part of, a division of, nor a subsidiary of, nor in any other manner connected with, Oracle Corporation, and no implication is made what-so-ever to suggest as such.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
4th Quarter 2007 Revenue Guidance Increased to Range of 8-12%
$17 Million in New Contracts since September 1st
NEW YORK--(BUSINESS WIRE)--Zanett, Inc. (NasdaqCM: ZANE) consulting firm serving Fortune 500 corporations, mid-market companies, and highly classified federal agencies involved in Homeland Defense and Homeland Security, today announced it was raising 2007 Q4 revenue guidance to a range of 8-12% above 4th quarter 2006, up from previous guidance of 4-9%. Fourth quarter 2007 revenue is expected to be between $12 million and $12.5 million, up from $11.1 million in the same quarter in 2006.
On reviewing our November data point, and with clear visibility through December, we are confident about our revised guidance,? said Dennis Harkins, Chief Financial Officer of Zanett. ?In September, we completed our 9-month comprehensive re-org plan, and during the last three months, we have closed approximately $17 million in new deals on the commercial side. These are the long-awaited fruits of our labor.
Some of the representative contracts the company has closed since September 1st include:
- $3.1 million with a US furniture manufacturer.
- $2.8 million with an international specialty metals manufacturer.
- $1.3 million for two projects for a leading US pharmaceutical company.
Our commercial segment has never been stronger,Harkins added. ?The implementation of our revised business model will have a tremendous impact on our bottom line next year, and we should see the benefits of our recent operational realignment beginning in the current quarter.
Claudio Guazzoni, Chief Executive Officer of Zanett, said, ?Our sales team is positioned to deliver aggressive revenue growth and profitability in 2008. Our continued focus on managed service contracts, supplemented by the continued development of our government program, will help us achieve this goal. We are thrilled with the progress we have made in the fourth quarter, and we look forward to building this momentum as we begin the New Year.
About Zanett, Inc.
Zanett is an information technology company that provides customized, mission-critical IT solutions to Fortune 500 corporations, mid-market companies, and classified government agencies involved in Homeland Defense and Homeland Security. The company operates in two segments, Government Solutions and Commercial Solutions.
Zanett's Government Solutions segment specializes in providing advanced software and satellite engineering services with domain area expertise in the realm of classified geospatial data exploitation and representation as well as IT infrastructure related to Homeland Defense and Homeland Security.
The Commercial Solutions segment provides Management Consulting services and delivers custom business solutions that integrate and implement Oracle's full suite of product offerings - Oracle, JD Edwards, PeopleSoft, Seibel, together with associated Oracle Fusion technologies. A wide range of delivery expertise is provided to clients, including Managed Services, Enterprise Applications, Business Intelligence, Web and Portal Development, and Middleware Technologies. Zanett also provides full infrastructure and application hosting, utilizing local and international resources, remote and onsite DBA support, all on a 24x7 basis.
Zanett currently employs over 234 people nationwide, is headquartered in New York City, and operates out of 9 offices (Atlanta, Boston, Cincinnati, Denver, Detroit, Indianapolis, Jacksonville, New York City and the Philippines). For more information, please visit http://www.zanett.com/.
Certain statements in this news release regarding projected results of operations, or, projected results of financial plans or future strategies and initiatives, including, but not limited to, projections of revenue, projections of profitability, any and all future expectation, and plans for future activities may and should be regarded as ``forward-looking statements'' within the meaning of the Securities Litigation Reform Act. These statements involve, among other things, known and unknown risks, uncertainties and other factors that may cause Zanett, Inc.'s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Zanett currently is considering, but in reality may or may not in the future implement any or all of the items and issues listed in any planned budget or strategic initiative, due to, among other things, known and unknown risks, uncertainties and other factors.
Circumstances do change, and if and when the landscape changes, Zanett shall endeavor to remain as flexible as possible, and adjust its strategy accordingly. Zanett, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, change in strategy, or otherwise. The abovementioned listing of risks and uncertainties is not inclusive. For a more detailed discussion of some, but not all, of the risks and uncertainties that may affect Zanett, Inc., see Zanett, Inc.'s filing with the Securities and Exchange Commission, including its Annual Report on Form 10-K, for the fiscal year ended December 31, 2006 and its Quarterly Report on Form 10-Q for the quarter ended June 30th 2007 and March 31st 2007.
Neither Zanett, Inc. nor Zanett Oracle Solutions is a part of, a division of, nor a subsidiary of, nor in any other manner connected with, Oracle Corporation, and no implication is made what-so-ever to suggest as such.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Monday, December 17, 2007
QPC Lasers Introduces the Ultra-500(TM) High Power Laser Offering up to 425 Watts
Monday December 17, 1:19 pm ET
New Product Family Offers Increased Power and Brightness for Use in Industrial, Defense and Medical Surgical Applications in the Near Infrared and Eye-safe Range
SYLMAR, Calif.--(BUSINESS WIRE)--QPC Lasers, Inc. (OTC BB: QPCI.OB), announced today release of the Ultra-500?, a new product family based on its proprietary semiconductor laser chip technology that offers increased power and industry leading brightness for medical surgical, high power defense, and industrial micro-welding applications. The Company has won multiple orders for the new product and recently shipped initial units to customers.
"We have seen strong market demand for the Ultra-500 in both the near-infrared and eye-safe wavelength regime, and have received multiple orders from both US and international customers,"stated Paul Rudy, Ph.D., vice president of marketing and sales for QPC. "The Ultra-500? expands our high brightness laser product line to offer more than 400 Watts from a compact module, and addresses numerous power-hungry applications in the industrial, defense, and medical surgical markets. Shipment of BrightLock Ultra-500 lasers began last month to defense customers, and shipment of BrightLase Ultra-500 commenced earlier this month to medical customers,"he concluded.
The Ultra-500 laser family offers high power delivered in a narrow core diameter fiber at application specific wavelengths with several compelling advantages over traditional laser gas, solid state, or fiber laser technology. For medical customers, the BrightLase Ultra-500 features a compact, easy-to-use and cost-effective source for all-important eye-safe wavelengths targeting high water absorption peaks for precise surgical applications such as cancerous tumor treatment, benign prostrate hyperplasia, and emerging applications in cardiology. For industrial customers, the BrightLase? Ultra-500? provides over 400 Watts at near infrared wavelengths from an energy-efficient, reliable and cost-effective package critical for laser micro-welding, engraving and marking applications. For defense customers, the BrightLock? Ultra-500? is a high performance laser pump engine, featuring up to 180 Watts in a compact, lightweight footprint with a narrow stable emission spectrum designed for solid state and fiber laser systems.
The BrightLase Ultra-500 Lasers deliver up to 425 Watts from 200, 400, and 800 micron fibers and are available at wavelengths including 792, 808, 976, 1064, 1320, and 1470 nm. BrightLock Ultra-500 Lasers deliver up to 180 Watts and feature on-chip internal grating wavelength stabilization at 976 and 1532 nm from a 200 and 400 micron fiber.
The Ultra-500 is the highest power product in QPC's Ultra product line that features QPC's BrightLase and BrightLock proprietary advanced semiconductor laser technologies to uniquely deliver a high brightness laser beam from a compact, efficient, conduction cooled, rugged source available over a broad wavelength range. The Ultra-100 was announced earlier this year and offers power up to 110 Watts from 792 to 1470 nm from a 100, 200, or 400 micron core diameter fiber. The Ultra-50 was announced in 2006 and offers power up to 35 Watts from 792 to 1532 nm from a 100, 200 or 400 micron fiber.
Forward Looking Statements
This release and other materials released by the Company from time to time contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Company's management as well as estimates and assumptions made by the Company's management. When used in the materials the words "anticipate", "believe", "estimate", "expect", "future", "intend", "plan" or the negative of these terms and similar expressions as they relate to the Company or the Company's management identify forward looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the sections of the Company's reports filed with the Securities and Exchange Commission entitled "Risk Factors") relating to the Company's industry, the Company's operations and results of operations and any businesses that may be acquired by the Company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. The following discussion should be read in conjunction with the Company's reports filed with the Securities and Exchange Commission.
About Quintessence Photonics Corporation
Quintessence Photonics Corporation (http://www.qpclasers.com/) is a world leader in the development and commercialization of high brightness, high power semiconductor lasers for the industrial, defense, and medical markets. Founded in the year 2000, QPCI is vertically integrated from epitaxy through packaging and performs all critical fabrication processes at its state-of-the-art high-technology facility in the Los Angeles suburb of Sylmar, CA.
To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, News Alerts and other pertinent information please click on the following link: http://www.b2i.us/irpass.asp?BzID=1392&to=ea&Nav=0&S=0&L=1
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
New Product Family Offers Increased Power and Brightness for Use in Industrial, Defense and Medical Surgical Applications in the Near Infrared and Eye-safe Range
SYLMAR, Calif.--(BUSINESS WIRE)--QPC Lasers, Inc. (OTC BB: QPCI.OB), announced today release of the Ultra-500?, a new product family based on its proprietary semiconductor laser chip technology that offers increased power and industry leading brightness for medical surgical, high power defense, and industrial micro-welding applications. The Company has won multiple orders for the new product and recently shipped initial units to customers.
"We have seen strong market demand for the Ultra-500 in both the near-infrared and eye-safe wavelength regime, and have received multiple orders from both US and international customers,"stated Paul Rudy, Ph.D., vice president of marketing and sales for QPC. "The Ultra-500? expands our high brightness laser product line to offer more than 400 Watts from a compact module, and addresses numerous power-hungry applications in the industrial, defense, and medical surgical markets. Shipment of BrightLock Ultra-500 lasers began last month to defense customers, and shipment of BrightLase Ultra-500 commenced earlier this month to medical customers,"he concluded.
The Ultra-500 laser family offers high power delivered in a narrow core diameter fiber at application specific wavelengths with several compelling advantages over traditional laser gas, solid state, or fiber laser technology. For medical customers, the BrightLase Ultra-500 features a compact, easy-to-use and cost-effective source for all-important eye-safe wavelengths targeting high water absorption peaks for precise surgical applications such as cancerous tumor treatment, benign prostrate hyperplasia, and emerging applications in cardiology. For industrial customers, the BrightLase? Ultra-500? provides over 400 Watts at near infrared wavelengths from an energy-efficient, reliable and cost-effective package critical for laser micro-welding, engraving and marking applications. For defense customers, the BrightLock? Ultra-500? is a high performance laser pump engine, featuring up to 180 Watts in a compact, lightweight footprint with a narrow stable emission spectrum designed for solid state and fiber laser systems.
The BrightLase Ultra-500 Lasers deliver up to 425 Watts from 200, 400, and 800 micron fibers and are available at wavelengths including 792, 808, 976, 1064, 1320, and 1470 nm. BrightLock Ultra-500 Lasers deliver up to 180 Watts and feature on-chip internal grating wavelength stabilization at 976 and 1532 nm from a 200 and 400 micron fiber.
The Ultra-500 is the highest power product in QPC's Ultra product line that features QPC's BrightLase and BrightLock proprietary advanced semiconductor laser technologies to uniquely deliver a high brightness laser beam from a compact, efficient, conduction cooled, rugged source available over a broad wavelength range. The Ultra-100 was announced earlier this year and offers power up to 110 Watts from 792 to 1470 nm from a 100, 200, or 400 micron core diameter fiber. The Ultra-50 was announced in 2006 and offers power up to 35 Watts from 792 to 1532 nm from a 100, 200 or 400 micron fiber.
Forward Looking Statements
This release and other materials released by the Company from time to time contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Company's management as well as estimates and assumptions made by the Company's management. When used in the materials the words "anticipate", "believe", "estimate", "expect", "future", "intend", "plan" or the negative of these terms and similar expressions as they relate to the Company or the Company's management identify forward looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the sections of the Company's reports filed with the Securities and Exchange Commission entitled "Risk Factors") relating to the Company's industry, the Company's operations and results of operations and any businesses that may be acquired by the Company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. The following discussion should be read in conjunction with the Company's reports filed with the Securities and Exchange Commission.
About Quintessence Photonics Corporation
Quintessence Photonics Corporation (http://www.qpclasers.com/) is a world leader in the development and commercialization of high brightness, high power semiconductor lasers for the industrial, defense, and medical markets. Founded in the year 2000, QPCI is vertically integrated from epitaxy through packaging and performs all critical fabrication processes at its state-of-the-art high-technology facility in the Los Angeles suburb of Sylmar, CA.
To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, News Alerts and other pertinent information please click on the following link: http://www.b2i.us/irpass.asp?BzID=1392&to=ea&Nav=0&S=0&L=1
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
SpaceDev Completes Development of Its New Low Shock Release Mechanism
Monday December 17, 1:16 pm ET
POWAY, CA--(MARKET WIRE)--Dec 17, 2007 -- SpaceDev, Inc. (OTC BB: SPDV.OB) announced today that it has completed development of its next generation release device, the Low Shock Release Mechanism (LSRM). The LSRM provides for the restraint and release of spacecraft components and is unique in its redundancy, low shock performance, and reuse-ability; requirements that until now have not been available in a single release device. On release, the LSRM instantaneously translates the strain energy stored in the highly preloaded vehicle structure to rotational energy, thereby providing a remarkably gentle, instantaneous release. Applications for the LSRM include the hold-down and release of satellite and spacecraft systems, as well as launch vehicle staging events.
SpaceDev's release mechanisms have become the spacecraft release technology of choice for most launch vehicle integrators, due to their demonstrated on-orbit performance of separating payloads at shock loads significantly less than that of conventional pyrotechnic systems. The LSRM builds on this capability by also providing full redundancy.
"Our objective is to develop and qualify highly reliable and capable spacecraft mechanisms. The LSRM is a great addition to our portfolio of release mechanisms," said Mark N. Sirangelo, SpaceDev's Chairman and CEO. "We will be working with our customers to find applications for the LSRM and look forward to the first applications in space."
About SpaceDev
SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions. For more information, visit www.spacedev.com.
Except for factual statements made herein, this news release consists of forward-looking statements that involve risks that are difficult to predict. Words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, although their absence does not mean that a statement is not forward looking. Forward-looking statements are based on the Company's current expectations, and are not guarantees of performance. The Company's actual results could differ materially from its current expectations. Factors that could contribute to such differences include risks associated with the Company's ability to effectively manage customer orders, control costs, and obtain additional financing. Reference is also made to other factors described in the Company's periodic reports filed with the SEC, including the Company's most current Annual Report on Form 10-KSB and subsequent Quarterly Reports on Form 10-QSB. These forward-looking statements speak only as of the date of this release. SpaceDev does not intend to update these forward-looking statements.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
POWAY, CA--(MARKET WIRE)--Dec 17, 2007 -- SpaceDev, Inc. (OTC BB: SPDV.OB) announced today that it has completed development of its next generation release device, the Low Shock Release Mechanism (LSRM). The LSRM provides for the restraint and release of spacecraft components and is unique in its redundancy, low shock performance, and reuse-ability; requirements that until now have not been available in a single release device. On release, the LSRM instantaneously translates the strain energy stored in the highly preloaded vehicle structure to rotational energy, thereby providing a remarkably gentle, instantaneous release. Applications for the LSRM include the hold-down and release of satellite and spacecraft systems, as well as launch vehicle staging events.
SpaceDev's release mechanisms have become the spacecraft release technology of choice for most launch vehicle integrators, due to their demonstrated on-orbit performance of separating payloads at shock loads significantly less than that of conventional pyrotechnic systems. The LSRM builds on this capability by also providing full redundancy.
"Our objective is to develop and qualify highly reliable and capable spacecraft mechanisms. The LSRM is a great addition to our portfolio of release mechanisms," said Mark N. Sirangelo, SpaceDev's Chairman and CEO. "We will be working with our customers to find applications for the LSRM and look forward to the first applications in space."
About SpaceDev
SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions. For more information, visit www.spacedev.com.
Except for factual statements made herein, this news release consists of forward-looking statements that involve risks that are difficult to predict. Words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, although their absence does not mean that a statement is not forward looking. Forward-looking statements are based on the Company's current expectations, and are not guarantees of performance. The Company's actual results could differ materially from its current expectations. Factors that could contribute to such differences include risks associated with the Company's ability to effectively manage customer orders, control costs, and obtain additional financing. Reference is also made to other factors described in the Company's periodic reports filed with the SEC, including the Company's most current Annual Report on Form 10-KSB and subsequent Quarterly Reports on Form 10-QSB. These forward-looking statements speak only as of the date of this release. SpaceDev does not intend to update these forward-looking statements.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Friday, December 14, 2007
Western Standard Energy Corp with Coastal Petroleum Set to Acquire New Oil Prospects
Thursday December 13, 12:48 pm ET
WILLISTON, N.D.--(BUSINESS WIRE)--Western Standard Energy Corp., (the "Company") (OTCBB:WSEG - News), an oil and gas exploration company focused on securing energy resources for America, with prospects in Valley County, Montana and Stark County, North Dakota, is pleased to announce that it has entered into a Farmout Agreement with Coastal Petroleum Co. for the acquisition of four highly graded Lodgepole Reef Oil Prospects located in Slope County, North Dakota.
Oil for America entered into an agreement to acquire leases for the land where the Slope County prospects are located in January of 2004, giving the lessor an overriding royalty interest of 20%, and those leases were later assigned to Coastal Petroleum Co. The terms of the Farmout Agreement between Western Standard and Coastal Petroleum calls for the leases to be assigned to Western Standard and a back in working interest to Coastal Petroleum of 20% after payout. The leases cover all rights below the Tyler formation, including the Lodgepole formation, with an 80% net revenue interest to Western Standard.
Bob Angerer, Vice-President of Coastal Petroleum, said: Each of the prospects has been identified and high graded using our proprietary technologies. As with the prospects Western Standard has previously acquired, their signatures match wells that have produced more than 4,000,000 barrels of crude oil each, and these prospects should have that potential as well. We are excited to be working with Western Standard.
Dan Bauer, CEO of Western Standard Energy, states: "Following on the recent gas discovery with Coastal Petroleum in Valley County, Montana, as a result we will move forward and expand our partnership."
Each lease has been previously identified and high-graded using proprietary technology by Oil for America, LLC. Oil for America, LLC is a leading edge technology company dedicated to reducing America's foreign energy dependence by identifying high probability domestic hydrocarbon prospects using proprietary technology.
Shareholders are invited to contact corporate communications toll free at (888) 956-7843 for further information and visit the company website at www.western-standard.com for further information.
About Western Standard Energy Corp.
Western Standard Energy Corp. is a publicly traded independent oil and gas exploration company with offices in Williston, ND. Currently, Western Standard has a Farmout Agreement with Coastal Petroleum Company, for leases on approximately forty-two thousand (42,000) acres in Valley County Shallow Gas Assembly in the state of Montana. The first test well on the Starbuck East Prospect has been successfully drilled to target depth with multiple potentially productive pay zones discovered. Western Standard aims to secure and develop a portfolio of oil and gas properties throughout the Central and Western United States of America. Pursuant to this business plan Western Standard has signed an MOI with Oil for America to acquire 2 leases in the Lodgepole Reef Prospect in Stark County, North Dakota. Western Standard Energy Corp. is a publicly traded company and trades on the NASD OTC BB under the ticker symbol: WSEG.
Western Standard Energy Corp.
Dan Bauer, President
North Dakota Industrial Commission, Department of Mineral Resources, Oil and Gas Division Website
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements in this news release include that we hope that the Starbucks Prospect will demonstrate similar characteristics to successful wells in the region, the Company's belief that we can participate in the exploration of those properties; the future development potential of our license in the Valley County Montana Project, that we hope to secure and develop a portfolio of oil and gas properties throughout the Central and Western United States of America; and that we intend on drilling our first test well in the immediate future to begin the process of proving out the prospect. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, and the likelihood that no commercial quantities of gas are found or recoverable. Additional information on risks for the Company can be found in filings on Edgar of other junior oil and gas exploration companies with the US Securities and Exchange Commission.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
WILLISTON, N.D.--(BUSINESS WIRE)--Western Standard Energy Corp., (the "Company") (OTCBB:WSEG - News), an oil and gas exploration company focused on securing energy resources for America, with prospects in Valley County, Montana and Stark County, North Dakota, is pleased to announce that it has entered into a Farmout Agreement with Coastal Petroleum Co. for the acquisition of four highly graded Lodgepole Reef Oil Prospects located in Slope County, North Dakota.
Oil for America entered into an agreement to acquire leases for the land where the Slope County prospects are located in January of 2004, giving the lessor an overriding royalty interest of 20%, and those leases were later assigned to Coastal Petroleum Co. The terms of the Farmout Agreement between Western Standard and Coastal Petroleum calls for the leases to be assigned to Western Standard and a back in working interest to Coastal Petroleum of 20% after payout. The leases cover all rights below the Tyler formation, including the Lodgepole formation, with an 80% net revenue interest to Western Standard.
Bob Angerer, Vice-President of Coastal Petroleum, said: Each of the prospects has been identified and high graded using our proprietary technologies. As with the prospects Western Standard has previously acquired, their signatures match wells that have produced more than 4,000,000 barrels of crude oil each, and these prospects should have that potential as well. We are excited to be working with Western Standard.
Dan Bauer, CEO of Western Standard Energy, states: "Following on the recent gas discovery with Coastal Petroleum in Valley County, Montana, as a result we will move forward and expand our partnership."
Each lease has been previously identified and high-graded using proprietary technology by Oil for America, LLC. Oil for America, LLC is a leading edge technology company dedicated to reducing America's foreign energy dependence by identifying high probability domestic hydrocarbon prospects using proprietary technology.
Shareholders are invited to contact corporate communications toll free at (888) 956-7843 for further information and visit the company website at www.western-standard.com for further information.
About Western Standard Energy Corp.
Western Standard Energy Corp. is a publicly traded independent oil and gas exploration company with offices in Williston, ND. Currently, Western Standard has a Farmout Agreement with Coastal Petroleum Company, for leases on approximately forty-two thousand (42,000) acres in Valley County Shallow Gas Assembly in the state of Montana. The first test well on the Starbuck East Prospect has been successfully drilled to target depth with multiple potentially productive pay zones discovered. Western Standard aims to secure and develop a portfolio of oil and gas properties throughout the Central and Western United States of America. Pursuant to this business plan Western Standard has signed an MOI with Oil for America to acquire 2 leases in the Lodgepole Reef Prospect in Stark County, North Dakota. Western Standard Energy Corp. is a publicly traded company and trades on the NASD OTC BB under the ticker symbol: WSEG.
Western Standard Energy Corp.
Dan Bauer, President
North Dakota Industrial Commission, Department of Mineral Resources, Oil and Gas Division Website
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements in this news release include that we hope that the Starbucks Prospect will demonstrate similar characteristics to successful wells in the region, the Company's belief that we can participate in the exploration of those properties; the future development potential of our license in the Valley County Montana Project, that we hope to secure and develop a portfolio of oil and gas properties throughout the Central and Western United States of America; and that we intend on drilling our first test well in the immediate future to begin the process of proving out the prospect. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, and the likelihood that no commercial quantities of gas are found or recoverable. Additional information on risks for the Company can be found in filings on Edgar of other junior oil and gas exploration companies with the US Securities and Exchange Commission.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Aerospace Company SpaceDev Inc. Raises $2.8 Million in Private Financing
Friday December 14, 7:00 am ET
POWAY, CA--(MARKET WIRE)--Dec 14, 2007 -- SpaceDev, Inc. (OTC BB: SPDV.OB) announced that it has entered into a Stock Purchase Agreement and Stockholder Agreement with Loeb Partners Corporation, a New York-based investment firm. Pursuant to the Stock Purchase Agreement, SpaceDev issued and sold 3,750,000 shares of SpaceDev common stock in a private transaction to Loeb for $2,812,500, or $0.75 per share, an above market price at the time of the transaction.
"We are very pleased to have completed this financing with Loeb Partners and to have them express confidence in our business plan and future opportunities," said Mark N. Sirangelo, Chairman and CEO of SpaceDev. "As we look to 2008 and beyond, having investment partners, such as Loeb, opens expansion possibilities for SpaceDev. We appreciate the vote of confidence that Loeb has placed in SpaceDev and its management team and we look forward to their continued support as we grow our Company."
About Loeb Partners Corporation
Loeb Partners Corporation and its affiliates are members of a family of privately owned companies engaging in a variety of different businesses, including a registered broker/dealer, investment advisors and private investment vehicles available to institutions and high net worth participants. Loeb's management strategies include engaging in arbitrage, event driven and deep value investing, distressed security transactions, special situations, and private equity.
About SpaceDev
SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions. For more information please visit www.spacedev.com.
For more information, the Company filed a Form 8-K on December 7, 2007 with the SEC, which can be viewed on its website or at www.sec.gov.
Except for factual statements made herein, this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, although their absence does not mean that a statement is not forward looking. Forward-looking statements are based on the Company's current expectations, and are not guarantees of performance. The Company's actual results could differ materially from its current expectations. Factors that could contribute to such differences include risks and uncertainties associated with the Company's ability to effectively manage schedule changes or cancellation of customer orders, control costs and expenses, and obtain additional financing, if needed. Reference is also made to other factors described in the Company's periodic reports filed with the SEC, including the Company's most current Annual Report on Form 10-KSB and subsequent Quarterly Reports on Form 10-QSB. These forward-looking statements speak only as of the date of this release. SpaceDev does not intend to update these forward-looking statements.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
POWAY, CA--(MARKET WIRE)--Dec 14, 2007 -- SpaceDev, Inc. (OTC BB: SPDV.OB) announced that it has entered into a Stock Purchase Agreement and Stockholder Agreement with Loeb Partners Corporation, a New York-based investment firm. Pursuant to the Stock Purchase Agreement, SpaceDev issued and sold 3,750,000 shares of SpaceDev common stock in a private transaction to Loeb for $2,812,500, or $0.75 per share, an above market price at the time of the transaction.
"We are very pleased to have completed this financing with Loeb Partners and to have them express confidence in our business plan and future opportunities," said Mark N. Sirangelo, Chairman and CEO of SpaceDev. "As we look to 2008 and beyond, having investment partners, such as Loeb, opens expansion possibilities for SpaceDev. We appreciate the vote of confidence that Loeb has placed in SpaceDev and its management team and we look forward to their continued support as we grow our Company."
About Loeb Partners Corporation
Loeb Partners Corporation and its affiliates are members of a family of privately owned companies engaging in a variety of different businesses, including a registered broker/dealer, investment advisors and private investment vehicles available to institutions and high net worth participants. Loeb's management strategies include engaging in arbitrage, event driven and deep value investing, distressed security transactions, special situations, and private equity.
About SpaceDev
SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions. For more information please visit www.spacedev.com.
For more information, the Company filed a Form 8-K on December 7, 2007 with the SEC, which can be viewed on its website or at www.sec.gov.
Except for factual statements made herein, this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, although their absence does not mean that a statement is not forward looking. Forward-looking statements are based on the Company's current expectations, and are not guarantees of performance. The Company's actual results could differ materially from its current expectations. Factors that could contribute to such differences include risks and uncertainties associated with the Company's ability to effectively manage schedule changes or cancellation of customer orders, control costs and expenses, and obtain additional financing, if needed. Reference is also made to other factors described in the Company's periodic reports filed with the SEC, including the Company's most current Annual Report on Form 10-KSB and subsequent Quarterly Reports on Form 10-QSB. These forward-looking statements speak only as of the date of this release. SpaceDev does not intend to update these forward-looking statements.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Thursday, December 13, 2007
PBIO's Award Wining ProteoSolve-LRS Technology Helps Indentify Potential Biomakers in Breast & Colon Cancer Tissue
Pressure BioSciences Inc. (NasdaqCM: PBIO)
PBIO Research Links:
News and Stock Info <http://www.redchip.com/visibility/investor.asp?symbol=PBIO>
Company Website
PBIO Website <http://www.pressurebiosciences.com/>
Contact Us
RedChip Companies, Inc.
500 Winderley Place
Ste 100
Maitland, FL 32751
Phone (800) RED-CHIP
(800) 733-2447
www.redchip.com
info@redchip.com
________________________________
Independent Research Group Reports that Pressure BioSciences' Award Winning ProteoSolve-LRS Technology Played a Significant Role in the Identification of Potential Biomarkers in Breast and Colon Cancer Tissue Thursday December 13, 8:15 am ET WEST BRIDGEWATER, Mass., Dec. 13 /PRNewswire-FirstCall/ -- Pressure BioSciences, Inc. (NasdaqCM: PBIO) today announced that scientists at the New York University (NYU) School of Medicine have reported that their use of the Company's patent-pending, award winning technology (ProteoSolve-LRS) was in large part responsible for the identification of potential biomarkers in breast and colon cancer tissue. ProteoSolve-LRS is the Company's recently- released method for the detergent-free extraction of proteins from lipid-rich and other tissues. Results of the studies were presented during the past two days at the LC-MS Course and Symposium, Robinson College, Cambridge, England by Dr. Paul Pevsner of the NYU School of Medicine Department of Pharmacology.
The study of proteins (proteomics) may lead to a better understanding of many disease states, such as cancer. To that end, proteins usually need to be extracted from the cells and tissues in which they reside to be effectively studied. Unfortunately, there are technical challenges that can adversely affect the extraction of proteins from cells and tissues, especially from those that are rich in lipids. These extraction challenges might hinder discoveries that could foster new therapeutics and diagnostics. The Company believes that its ProteoSolve-LRS method, when used in combination with its pressure cycling technology (PCT), will often allow proteomics researchers to achieve more rapid, more reproducible, and higher quality protein extraction results when compared to other current methods. The Company further believes that this improved method for protein extraction should lead to an enhanced ability for researchers to find and identify new biomarkers of disease.
Dr. Paul H. Pevsner, principle investigator for the research studies, said: "Our studies showed that the combination of cycled high pressure (PCT) with the ProteoSolve-LRS kit, used in conjunction with other instrumentation in our laboratory, allowed us to identify potential biomarkers of breast and colon cancer. This is a significant finding, since these potential biomarkers may prove to be important indicators of disease detection and progression. It is possible that these findings may alter the current paradigm of histopathology tissue diagnosis for tumors. In the future, examination of biopsy tissue may require not only histopathology, but also mass spectrometry for complete diagnosis."
Dr. Pevsner continued: "The combination of PCT and ProteoSolve-LRS is particularly suited for the study of the small, often nano-quantities of samples that are usually available for proteomic studies. The combination of this method with mass spectrometry instrumentation may become a method of choice for bio-molecular identification, not just in cancer, but in neurological and coronary diseases as well."
About The Frost & Sullivan Award
As announced on November 27, 2007, Frost and Sullivan named Pressure BioSciences the recipient of the 2007 North American Frost and Sullivan Award for Technology Innovation. The Award recognized PBI for "the development of a method for the detergent-free extraction of proteins from lipid-rich tissues. This novel approach combines the power of the Company's pressure cycling technology (PCT) with the innovative chemistry of its ProteoSolve-LRS kit, resulting in higher protein recovery, enhanced reproducibility, and significant advantages in speed and handling." Each year, Frost & Sullivan presents the North American Technology Innovation Award to the company that has demonstrated excellence in new products and technologies within their industry. The Award recognizes innovation through the launch of a broad line of emerging products and technologies.
About Pressure BioSciences, Inc.
Pressure BioSciences, Inc. (PBI) is a publicly traded company focused on the development of a novel, enabling technology called Pressure Cycling Technology (PCT). PCT uses cycles of hydrostatic pressure between ambient and ultra-high levels (up to 35,000 psi and greater) to control bio-molecular interactions. PBI currently holds 13 US and 6 foreign patents covering multiple applications of PCT in the life sciences field, including such areas as genomic and proteomic sample preparation, pathogen inactivation, the control of enzymes, immunodiagnostics, and protein purification.
Forward Looking Statements
Statements contained in this press release regarding the Company's intentions, hopes, beliefs, expectations, or predictions of the future are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include the importance of ProteoSolve-LRS and PCT in the reported identification of potential biomarkers by the NYU School of Medicine; the possibility that the biomarkers identified by the NYU School of Medicine or any other biomarkers that might be discovered in the future could lead to new therapeutics and diagnostics; the advantages of ProteoSolve-LRS and PCT over other sample preparation methods; and the possibility that ProteoSolve-LRS and PCT may become the extraction method of choice for bio-molecular identification. These statements are based upon the Company's current expectations, forecasts, and assumptions that are subject to risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those indicated by these forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to: unforeseen technological difficulties that the Company may encounter in the development of the PCT technology and the PCT Sample Preparation System; the possibility that due to the nature of the research being performed, other laboratories may not find the use of ProteoSolve-LRS and PCT to be as advantageous as reported by Dr. Pevsner and his colleagues; due to scientific and medical challenges, the possibility that the data generated by Dr. Pevsner and his colleagues or that may be generated by other researchers in the future may not be beneficial in the development of new therapeutics and diagnostics for breast and colon cancer or other diseases; that due to competitive products, services, and technological advances, PCT may not be the preferred method of sample preparation by other scientists and laboratories; and the other risks and uncertainties discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2006, and other reports filed by the Company from time to time with the SEC. The Company undertakes no obligation to update any of the information included in this release, except as otherwise required by law.
Visit us at our website http://www.pressurebiosciences.com
Investor Contacts:
Richard T. Schumacher, President & CEO
Edward H. Myles, Senior Vice President of Finance & CFO
Pressure BioSciences, Inc.
(508) 580-1818 (T)
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
________________________________
Disclosure: The analysts contributing to this report do not hold any shares of PBIO. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts? personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts? compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. RedChip Companies Inc. is an affiliate of the Aurelius Consulting Group, Inc. Pressure BioSciences, Inc. is a client of RedChip Visibility, a division of RedChip Companies. PBIO paid RedChip Visibility $ 28,000 for the RedChip Visibility Research Program, which includes this report. RedChip Visibility, a division of RedChip Companies, Inc.has been contracted by Pressure BioSciences, Inc. to increase investor awareness of PBIO to the small-cap equity community. These services may include investor conferences and digital and print distribution of PBIO investor related materials.
RedChip Companies, Inc. · 500 Winderley Place, Ste 100, Maitland, FL 32751 · 1-800-RedChip · www.RedChip.com .
PBIO Research Links:
News and Stock Info <http://www.redchip.com/visibility/investor.asp?symbol=PBIO>
Company Website
PBIO Website <http://www.pressurebiosciences.com/>
Contact Us
RedChip Companies, Inc.
500 Winderley Place
Ste 100
Maitland, FL 32751
Phone (800) RED-CHIP
(800) 733-2447
www.redchip.com
info@redchip.com
________________________________
Independent Research Group Reports that Pressure BioSciences' Award Winning ProteoSolve-LRS Technology Played a Significant Role in the Identification of Potential Biomarkers in Breast and Colon Cancer Tissue Thursday December 13, 8:15 am ET WEST BRIDGEWATER, Mass., Dec. 13 /PRNewswire-FirstCall/ -- Pressure BioSciences, Inc. (NasdaqCM: PBIO) today announced that scientists at the New York University (NYU) School of Medicine have reported that their use of the Company's patent-pending, award winning technology (ProteoSolve-LRS) was in large part responsible for the identification of potential biomarkers in breast and colon cancer tissue. ProteoSolve-LRS is the Company's recently- released method for the detergent-free extraction of proteins from lipid-rich and other tissues. Results of the studies were presented during the past two days at the LC-MS Course and Symposium, Robinson College, Cambridge, England by Dr. Paul Pevsner of the NYU School of Medicine Department of Pharmacology.
The study of proteins (proteomics) may lead to a better understanding of many disease states, such as cancer. To that end, proteins usually need to be extracted from the cells and tissues in which they reside to be effectively studied. Unfortunately, there are technical challenges that can adversely affect the extraction of proteins from cells and tissues, especially from those that are rich in lipids. These extraction challenges might hinder discoveries that could foster new therapeutics and diagnostics. The Company believes that its ProteoSolve-LRS method, when used in combination with its pressure cycling technology (PCT), will often allow proteomics researchers to achieve more rapid, more reproducible, and higher quality protein extraction results when compared to other current methods. The Company further believes that this improved method for protein extraction should lead to an enhanced ability for researchers to find and identify new biomarkers of disease.
Dr. Paul H. Pevsner, principle investigator for the research studies, said: "Our studies showed that the combination of cycled high pressure (PCT) with the ProteoSolve-LRS kit, used in conjunction with other instrumentation in our laboratory, allowed us to identify potential biomarkers of breast and colon cancer. This is a significant finding, since these potential biomarkers may prove to be important indicators of disease detection and progression. It is possible that these findings may alter the current paradigm of histopathology tissue diagnosis for tumors. In the future, examination of biopsy tissue may require not only histopathology, but also mass spectrometry for complete diagnosis."
Dr. Pevsner continued: "The combination of PCT and ProteoSolve-LRS is particularly suited for the study of the small, often nano-quantities of samples that are usually available for proteomic studies. The combination of this method with mass spectrometry instrumentation may become a method of choice for bio-molecular identification, not just in cancer, but in neurological and coronary diseases as well."
About The Frost & Sullivan Award
As announced on November 27, 2007, Frost and Sullivan named Pressure BioSciences the recipient of the 2007 North American Frost and Sullivan Award for Technology Innovation. The Award recognized PBI for "the development of a method for the detergent-free extraction of proteins from lipid-rich tissues. This novel approach combines the power of the Company's pressure cycling technology (PCT) with the innovative chemistry of its ProteoSolve-LRS kit, resulting in higher protein recovery, enhanced reproducibility, and significant advantages in speed and handling." Each year, Frost & Sullivan presents the North American Technology Innovation Award to the company that has demonstrated excellence in new products and technologies within their industry. The Award recognizes innovation through the launch of a broad line of emerging products and technologies.
About Pressure BioSciences, Inc.
Pressure BioSciences, Inc. (PBI) is a publicly traded company focused on the development of a novel, enabling technology called Pressure Cycling Technology (PCT). PCT uses cycles of hydrostatic pressure between ambient and ultra-high levels (up to 35,000 psi and greater) to control bio-molecular interactions. PBI currently holds 13 US and 6 foreign patents covering multiple applications of PCT in the life sciences field, including such areas as genomic and proteomic sample preparation, pathogen inactivation, the control of enzymes, immunodiagnostics, and protein purification.
Forward Looking Statements
Statements contained in this press release regarding the Company's intentions, hopes, beliefs, expectations, or predictions of the future are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include the importance of ProteoSolve-LRS and PCT in the reported identification of potential biomarkers by the NYU School of Medicine; the possibility that the biomarkers identified by the NYU School of Medicine or any other biomarkers that might be discovered in the future could lead to new therapeutics and diagnostics; the advantages of ProteoSolve-LRS and PCT over other sample preparation methods; and the possibility that ProteoSolve-LRS and PCT may become the extraction method of choice for bio-molecular identification. These statements are based upon the Company's current expectations, forecasts, and assumptions that are subject to risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those indicated by these forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to: unforeseen technological difficulties that the Company may encounter in the development of the PCT technology and the PCT Sample Preparation System; the possibility that due to the nature of the research being performed, other laboratories may not find the use of ProteoSolve-LRS and PCT to be as advantageous as reported by Dr. Pevsner and his colleagues; due to scientific and medical challenges, the possibility that the data generated by Dr. Pevsner and his colleagues or that may be generated by other researchers in the future may not be beneficial in the development of new therapeutics and diagnostics for breast and colon cancer or other diseases; that due to competitive products, services, and technological advances, PCT may not be the preferred method of sample preparation by other scientists and laboratories; and the other risks and uncertainties discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2006, and other reports filed by the Company from time to time with the SEC. The Company undertakes no obligation to update any of the information included in this release, except as otherwise required by law.
Visit us at our website http://www.pressurebiosciences.com
Investor Contacts:
Richard T. Schumacher, President & CEO
Edward H. Myles, Senior Vice President of Finance & CFO
Pressure BioSciences, Inc.
(508) 580-1818 (T)
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
________________________________
Disclosure: The analysts contributing to this report do not hold any shares of PBIO. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts? personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts? compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. RedChip Companies Inc. is an affiliate of the Aurelius Consulting Group, Inc. Pressure BioSciences, Inc. is a client of RedChip Visibility, a division of RedChip Companies. PBIO paid RedChip Visibility $ 28,000 for the RedChip Visibility Research Program, which includes this report. RedChip Visibility, a division of RedChip Companies, Inc.has been contracted by Pressure BioSciences, Inc. to increase investor awareness of PBIO to the small-cap equity community. These services may include investor conferences and digital and print distribution of PBIO investor related materials.
RedChip Companies, Inc. · 500 Winderley Place, Ste 100, Maitland, FL 32751 · 1-800-RedChip · www.RedChip.com .
Wednesday, December 12, 2007
New Member Joins Onstream Media Board of Directors
Wednesday December 12, 2:34 pm ET
POMPANO BEACH, Fla., Dec. 12 /PRNewswire-FirstCall/ -- Onstream Media Corporation (NasdaqCM: ONSM), an online service provider of live and on-demand internet video, announced today the appointment of Leon Nowalsky to the Company's Board of Directors. Mr. Nowalsky replaces Benjamin Swirsky, who resigned from his post on the Board for health-related reasons.
Mr. Nowalsky brings a wealth of experience in the telecommunications industry to Onstream Media. His background covers not only corporate and regulatory law, but also mergers and acquisitions, corporate finance, strategic business planning and new business development.
"Leon is a highly accomplished professional with significant experience in the realms of law and corporate governance, as well as financing and growth related transactions. We're confident his depth of knowledge, transactional experience, industry insight and proven ability to help propel the growth of emerging companies will be an immeasurable aid to our own plans for future growth," said Randy Selman, president and chief executive officer of Onstream Media.
Mr. Nowalsky, a partner in the New Orleans-based law firm of Nowalsky, Bronston & Gothard APLLC (NBG), possesses over 20 years experience in the field of telecommunications law and regulation. In 1986, Mr. Nowalsky began working for Telemarketing Communications of America, Inc., ("TMC"), eventually becoming general counsel in charge of all regulatory and general corporate matters and was lead counsel in TMC's mergers and acquisitions program. In 1987, following TMC's acquisition by Satelco, a wholly owned subsidiary of Advanced Telecommunications Corporation, Mr. Nowalsky served as Chief Regulatory Counsel for ATC and in 1988 was appointed interim General Counsel in charge of all legal affairs of the Company. While at ATC, Mr. Nowalsky served as counsel to that company in five acquisitions, which grew ATC's revenue to in excess of $465 million.
In 1990, Mr. Nowalsky left ATC to set up a private law practice specializing in telecommunications regulatory matters, mergers and acquisitions and corporate law. In 1992, the firm expanded and is now known as Nowalsky, Bronston & Gothard. NBG has represented clients in numerous past and pending acquisitions and corporate finance transactions. In 1999 alone, NBG served as lead corporate and/or regulatory counsel in transactions with an aggregate value of over $1 billion.
Mr. Nowalsky has previously served as a director of the following companies: Network Long Distance, Inc., a long distance company which was acquired by IXC Communications for $130 million; RFC Capital Corp., a specialty finance company dedicated exclusively to the telecommunications industry which was purchased in 1999 by TFC Financial Corp., a division of Textron; and New South Communications, a facilities-based competitive local exchange carrier which merged to form NUVOX; W2Com, LLC, a video conferencing and distance learning provider which was acquired by Arel Communications & Software, Ltd. for $40 million. Mr. Nowalsky presently is a founder and board member of Thermo Credit, LLC, a specialty finance company for the telecommunications industry and J.C. Dupont, Inc., a Louisiana based oil and gas concern.
About Onstream Media:
Onstream Media Corporation (NasdaqCM: ONSM) is an online service provider of live and on-demand internet video, corporate web communications and content management applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, and supports pay-per-view for online video and other rich media assets. The DMSP also provides an efficient workflow for transcoding and publishing user- generated content in combination with social networks and online video classifieds. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. In fact, almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services.
Select Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Deutsche Bank, Disney, National Press Club, NHL, MGM, PR Newswire, Rodale, Inc., Televisa, WireOne, Shareholder.com (NASDAQ), and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, eBay, FiveAcross/Cisco and Qwest. For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655.
Certain statements in this document and elsewhere by Onstream Media are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward- looking statements include, but are not limited to fluctuations in demand; changes to economic growth in the U.S. economy; government policies and regulations, including, but not limited to those affecting the Internet. Onstream Media undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Onstream Media Corporation's filings with the Securities and Exchange Commission.
POMPANO BEACH, Fla., Dec. 12 /PRNewswire-FirstCall/ -- Onstream Media Corporation (NasdaqCM: ONSM), an online service provider of live and on-demand internet video, announced today the appointment of Leon Nowalsky to the Company's Board of Directors. Mr. Nowalsky replaces Benjamin Swirsky, who resigned from his post on the Board for health-related reasons.
Mr. Nowalsky brings a wealth of experience in the telecommunications industry to Onstream Media. His background covers not only corporate and regulatory law, but also mergers and acquisitions, corporate finance, strategic business planning and new business development.
"Leon is a highly accomplished professional with significant experience in the realms of law and corporate governance, as well as financing and growth related transactions. We're confident his depth of knowledge, transactional experience, industry insight and proven ability to help propel the growth of emerging companies will be an immeasurable aid to our own plans for future growth," said Randy Selman, president and chief executive officer of Onstream Media.
Mr. Nowalsky, a partner in the New Orleans-based law firm of Nowalsky, Bronston & Gothard APLLC (NBG), possesses over 20 years experience in the field of telecommunications law and regulation. In 1986, Mr. Nowalsky began working for Telemarketing Communications of America, Inc., ("TMC"), eventually becoming general counsel in charge of all regulatory and general corporate matters and was lead counsel in TMC's mergers and acquisitions program. In 1987, following TMC's acquisition by Satelco, a wholly owned subsidiary of Advanced Telecommunications Corporation, Mr. Nowalsky served as Chief Regulatory Counsel for ATC and in 1988 was appointed interim General Counsel in charge of all legal affairs of the Company. While at ATC, Mr. Nowalsky served as counsel to that company in five acquisitions, which grew ATC's revenue to in excess of $465 million.
In 1990, Mr. Nowalsky left ATC to set up a private law practice specializing in telecommunications regulatory matters, mergers and acquisitions and corporate law. In 1992, the firm expanded and is now known as Nowalsky, Bronston & Gothard. NBG has represented clients in numerous past and pending acquisitions and corporate finance transactions. In 1999 alone, NBG served as lead corporate and/or regulatory counsel in transactions with an aggregate value of over $1 billion.
Mr. Nowalsky has previously served as a director of the following companies: Network Long Distance, Inc., a long distance company which was acquired by IXC Communications for $130 million; RFC Capital Corp., a specialty finance company dedicated exclusively to the telecommunications industry which was purchased in 1999 by TFC Financial Corp., a division of Textron; and New South Communications, a facilities-based competitive local exchange carrier which merged to form NUVOX; W2Com, LLC, a video conferencing and distance learning provider which was acquired by Arel Communications & Software, Ltd. for $40 million. Mr. Nowalsky presently is a founder and board member of Thermo Credit, LLC, a specialty finance company for the telecommunications industry and J.C. Dupont, Inc., a Louisiana based oil and gas concern.
About Onstream Media:
Onstream Media Corporation (NasdaqCM: ONSM) is an online service provider of live and on-demand internet video, corporate web communications and content management applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, and supports pay-per-view for online video and other rich media assets. The DMSP also provides an efficient workflow for transcoding and publishing user- generated content in combination with social networks and online video classifieds. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. In fact, almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services.
Select Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Deutsche Bank, Disney, National Press Club, NHL, MGM, PR Newswire, Rodale, Inc., Televisa, WireOne, Shareholder.com (NASDAQ), and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, eBay, FiveAcross/Cisco and Qwest. For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655.
Certain statements in this document and elsewhere by Onstream Media are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward- looking statements include, but are not limited to fluctuations in demand; changes to economic growth in the U.S. economy; government policies and regulations, including, but not limited to those affecting the Internet. Onstream Media undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Onstream Media Corporation's filings with the Securities and Exchange Commission.
Media Relations:
Beth Amorosi
FastLane Communications
FastLane Communications
973.582.3498
Investor Relations:
Brett Maas
Hayden Communications
646-536-7331
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
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