Amerex Group, Inc. Announces Expansion of Services
Amerex Group, Inc. (OTCBB: AEXG), a hazardous waste management and environmental services company, announced today that it has expanded its services to include emergency response services for a major beverage company.
Amerex will receive an annual and a per-incident fee to provide emergency response services in the event of a natural disaster or environmental issue related to hazardous materials used in the beverage company’s processing. These services will be provided, initially, for their Oklahoma facilities.
“We are pleased to be able to support our local community with services designed to protect the environment in times of natural disaster and unexpected spills,” said Stephen Onody, Interim CEO of Amerex Co’s. “The start of this new relationship is exciting, especially so, given the breadth and depth of its operations. While we continue to build our already robust base of blue-chip clientele, we are pleased to service all size companies, big and small, in their efforts to achieve a greener solution to hazardous waste management.”
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InferX Corporation Approved as Subcontractor on U.S. Navy SeaPort-e Contract
MCLEAN, VA — (Marketwire) — 10/07/08 — InferX Corporation (OTCBB: IFRX) is now approved by the U.S. Navy to serve as a subcontractor on the U.S. Navy SeaPort-e Contract. InferX will serve as a sub-contractor to the Irus Group, Inc, a leading provider of business intelligence and performance enhancement support services. The Irus Group serves as a primary contractor on the SeaPort-e Contract.
Irus Group Chief Executive Officer Vijay Suri said, “The U.S. Navy requires dynamic analytical solutions that are adaptable for changing mission scenarios. The solution sets provided with our partner InferX will provide proven predictive analytic tools and technologies to enable the Navy to meet critical operational needs.”
InferX pioneered and commercialized a powerful, proprietary suite of data analytical risk and threat assessment solutions. InferX was recently awarded its second patent for its real time, distributed predictive analytics and business intelligence system and has four additional patents pending.
“We look forward to working with The Irus Group in coming months on what I believe will be a highly productive teaming relationship given our complimentary technologies and solutions,” said Paul B. Silverman, InferX’s interim Chief Executive Officer. “The new teaming agreement is consistent with InferX’s plans to pursue new government and commercial applications for next generation business intelligence solutions and advanced predictive analytics technologies working with ‘best of breed’ partners,” said Silverman.
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Cyberlux Included in National Guard Association Funding
RESEARCH TRIANGLE PARK, N.C., Oct. 3 /PRNewswire-FirstCall/ — Cyberlux Corporation, (OTC Bulletin Board: CYBL), a leading provider of LED lighting solutions, announced today that the Cyberlux WatchDog and BrightEye tactical lighting systems were the only two solutions listed in Resolution NO. J-29, RELATING TO LIGHT EMITTING DIODE PORTABLE ILLUMINATION SYSTEMS, adopted during the 130th National Guard Association of the United States (NGAUS) General Conference held during Sept. 20-22, 2008 in Baltimore, MD.
Cyberlux has equipped 27 National Guard Units with its BrightEye tactical lighting systems and anticipates substantial order flow from the NGAUS 2009 congressional funding recommendation as adopted in Resolution No. J-29 for LED Portable Illumination Systems.
NGAUS is a nonpartisan organization representing nearly 45,000 current and former Army and Air National Guard officers. It was formed in 1878 with the goal of obtaining better equipment, standardized training and a more combat-ready force by petitioning Congress for resources.
“We are extremely honored to be the only chosen solution in the adopted resolution,” says Mark Schmidt, president and chief executive officer for Cyberlux Corporation. “Having been included in this resolution is especially humbling considering the organization is comprised of individuals who serve, or have served in the Army and Air National Guard and fully understand what type of equipment is required in the field. Our existing relationships with the National Guard troops, its officers and procurement staff have resulted in our ability to generate consistent sales throughout the division in 2008. The passing of this resolution only strengthens our place as the primary choice amongst the National Guard for tactical lighting solutions for 2009 and beyond,” added Schmidt.
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Charter Financial Declares Stock Repurchase Program
WEST POINT, Ga., Sept. 30 /PRNewswire-FirstCall/ — Charter Financial Corporation (OTC Bulletin Board: CHFN) today announced that its Board of Directors has authorized a stock repurchase program of 200,000 shares of common stock effective today. President and CEO Robert Johnson commented, “We believe this share buyback will prove to be a long term value to our shareholders.”
At the same time, the Company also announced that it had completed its previous stock repurchase program.
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Itronics Reports Three More States Register GOLD’n GRO Guardian Deer Repellent…
RENO, NV — (Marketwire) — 10/07/08 — Itronics Inc. (OTCBB: ITRO) (FRANKFURT: ITG) (BERLIN: ITG) today reported that its wholly-owned subsidiary, Itronics Metallurgical, Inc., has received GOLD’n GRO Guardian registration in three more states, Alabama, Delaware, and Pennsylvania, bringing the number of states in which GOLD’n GRO Guardian is registered to ten. Registration is pending in New York.
Itronics Metallurgical received an amended GOLD’n GRO Guardian Deer Repellent label which provides for use in a spray tank mix with GOLD’n GRO 8-8-8+4% S liquid fertilizer. When the GOLD’n GRO Guardian Deer Repellent is used with GOLD’n GRO fertilizer in a spray tank mix, the treatment fertilizes the plants and becomes systemic, meaning the repelling characteristics are absorbed into the treated plants and will not wash off in rain. In experimental treatments, the repelling characteristics lasted up to 3 months and in late fall test applications, the treatment lasted during the winter. The amended label makes it possible for GOLD’n GRO Guardian customers to receive the dual benefit of fertilization and systemic deer repellency.
Several shipments of one-gallon spray kits have been made to qualified Landscape Maintenance businesses that are licensed for spraying pesticides in states where GOLD’n GRO Guardian Deer Repellent is registered. Reports from trials underway indicate the spray applications work well. In one trial the leaves of sprayed and unsprayed trees were tested about two weeks after application and the leaves of the sprayed trees were appropriately bitter. In another trial the customer reported satisfaction with the first application and is purchasing more spray kits. In a third trial, the customer reported no evidence of deer damage in the third week after application and has ordered more spray kits to expand its evaluation and testing program.
In one field trial the customer was able to measure the area covered compared to the label recommendation, which is to “spray the plants to wet the leaves, but not to run off.” After some practice, the spray covered about three times the area stated on the label. About two weeks after the application the leaves of sprayed plants were suitably bitter and distasteful to humans. No deer damage was noted, but the trial plots need to be observed for two to three months to complete the evaluation. If test results prove out, the effectiveness of GOLD’n GRO Guardian will be several times greater than the leading deer repellent.
Itronics Metallurgical also announced it is offering a 20-gallon spray kit as well as a one-gallon spray kit. The current focus of sales development is to establish relationships with Landscape Maintenance companies that have licensed spray application capabilities and experience, and are in those states in which the GOLD’n GRO Guardian Deer Repellent is registered. These companies will be able to quickly get customer applications started once they have evaluated the GOLD’n GRO Guardian Deer Repellent. Itronics Metallurgical has now completed registration of GOLD’n GRO Guardian Deer Repellent in Nevada, Utah, Colorado, Alabama, Delaware, Maryland, Massachusetts, New Jersey, Pennsylvania, and Rhode Island. The northeastern states are where the problem of deer damage in suburban areas is most severe.
“Itronics’ on-going growth is a result of years of research and development that has made its innovative vertically integrated photochemical recycling technology that completely converts the waste stream to pure silver, and its high quality GOLD’n GRO brand of environmentally compatible fertilizers a success. GOLD’n GRO Guardian Deer Repellent is a direct extension of the GOLD’n GRO technology and opens up a large new, rapidly growing, market segment for the Company,” said Dr. John Whitney, President.
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GoldSpring to be Featured on National Television Broadcast
GOLD HILL, Nev., Oct. 3 /PRNewswire-FirstCall/ — GoldSpring, Inc. (OTC Bulletin Board: GSPG) announced today that it has been featured in an edition of ‘The Economic Report,’ which will air on the Fox Business Network and on CNN Headline News and Regional News Networks in October and November.
The feature program revisits the history of the Comstock Lode District, one of the greatest gold and silver discoveries of its time. The show also provides insights into the rebirth of this prolific mining area through GoldSpring’s recent consolidation of the land and mineral holdings of the district. The program explores the vast mining opportunities that still exist in the Comstock and how GoldSpring is positioned to capitalize on this unique situation.
‘The Economic Report’ will air over the next few weeks, starting on Tuesday, October 7, 2008 at 1:00 PM in the San Francisco Bay Area on channel KFTY and in other areas across the country. The scheduled airtimes will be posted on the Company’s website. Participation in ‘The Economic Report’ is a ‘paid for’ service. The Company has paid the producers of ‘The Economic Report’ $19,700 for participation in the broadcast.
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CLX Medical Announces Appointment of CEO Vera Leonard to Board of Directors
MURRIETA, CA — (Marketwire) — 10/02/08 — CLX Medical, Inc. (OTCBB: CLXN), which is focused on the marketing and distribution of unique medical diagnostic testing products, today announced that in concert with the terms of her three year employment agreement with the company, Chief Executive Officer Vera Leonard has been appointed to the CLX Medical Board of Directors.
The appointment will be reported in a Current Report on Form 8-K expected to be filed with the Securities and Exchange Commission later today.
Ms. Leonard is also expected to file a Form 4 Statement of Change in Beneficial Ownership of Securities with the Securities and Exchange Commission reflecting the acquisition of restricted common stock granted as part of her compensation package
Ms. Leonard’s compensation package includes a combination of a base salary, a schedule of salary increases based on a variety of factors including the company’s revenue and profit performance, the granting of restricted common stock, medical coverage, and expense reimbursements. Ms. Leonard’s full employment agreement, which includes the condition that she will serve on the Board of Directors through the term of the agreement, will be filed as an exhibit to the company’s annual report for the fiscal year ending September 30, 2008.
The employment contract was executed as CLX prepares to close the acquisition of ThyroTest®, a rapid thyroid stimulating hormone (TSH) screening device used for the detection of hypothyroidism in adults, a common thyroid disease.
On September 9, 2008, CLX Medical entered into a product purchase agreement with ThyroTec, LLC, the developer of the ThyroTest® device, pursuant to which CLX Medical will acquire from ThyroTec the exclusive, worldwide rights to ThyroTest®. In addition to working to close the transaction, Ms. Leonard and CLX Medical management is focused on the execution of a post-acquisition marketing and distribution plan for ThyroTest®.
“I am pleased to join the Board of Directors as we chart the future of CLX Medical and implement our strategy for the successful marketing and distribution of the ThyroTest® product,” stated Ms. Leonard. “There is much to be accomplished, but we are confident that the development of revenues from worldwide sales of ThyroTest® and additional products that may be distributed in the future will ultimately be reflected in the value of the company’s stock. For this reason, I am also pleased to report acquisition of restricted common stock as part of my compensation package.”
ThyroTest® is FDA cleared and has also achieved CLIA waived status, so the test can be administered in the more than 100,000 CLIA waived doctor’s offices in the U.S., as well as in any non-waived laboratory. The simple rapid diagnostic test is a qualitative measurement that allows physicians to screen adult patients for hypothyroidism in approximately ten minutes with a whole blood sample.
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Rim Semiconductor Company Reduces Convertible Debt by 34%
Rim Semiconductor Company (OTCBB: RSMIE), a company that develops technology for telecommunications service providers, announced today that it has reduced its indebtedness to its convertible note holders by 34% to $2,759,000, versus $4,182,000, as reported in its most recent 10QSB.
The reduction was effected when holders of its two-year 7% Senior Secured Convertible Debentures and its two-year 10% Secured Convertible Notes converted some of their principal and interest into shares of Rim Semi’s Common Stock. The company has 4 billion shares of common stock authorized for issuance. As of July 11, 2008, following the issuance of the shares, the Company has issued all of its authorized common stock. Since July 11th, the closing price of RSMI has risen 100% from $0.0005 to $0.001 per share.
“I am very pleased that our convertible debt has reduced by 34%,” stated Brad Ketch, the company’s president and chief executive officer. “We issued these shares to investors who have invested in us before, and who continue to show support for our long-term growth.”
In addition to the debt reduction, the company projects that the value of the derivative liability on its balance sheet will also proportionately decline when the derivative liability calculations are made at the end of the quarter, and based upon the closing price of RSMI on July 31, 2008.
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Aero Performance Products, Inc. Reports 60% Increase in August Sales of Aero Exhaust Products
Aero Performance Products, Inc. (OTC BB: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today reported that unaudited sales for Aero products in August 2008 were 60% higher than in August 2007.
Of the August sales, 60% were attributed to warehouse distributors, compared to 50% in the same month in 2007. Sales from the company’s international distributors were reported to be strong for the period.
“Aero will continue to focus on both domestic and international sales of its products as the U.S. financial markets settle,” commented Bryan Hunsaker, chief executive officer of Aero Performance Products, Inc. “We expect sales from our worldwide distributors to remain strong as awareness of Aero’s products continues to grow in international markets.”
Aero Performance Products has provided several sales updates in order to keep its shareholders informed during the period before the annual report is due to be filed. On September 29, 2008, the company filed a Form NT 10-K Notice of Late Filing with the Securities and Exchange Commission.
“We are committed to filing the most accurate report possible. It is nearly finished, and we will file it as soon as we are satisfied it is complete,” added Mr. Hunsaker.
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Quest Announces Pond Creek Post Improvement Information
PATERSON, N.J., Sept. 11, 2008 (GLOBE NEWSWIRE) — Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB.F), a Kentucky-based operator of energy and mineral related properties, is pleased to announce Pond Creek post improvement production information.
As announced earlier this week, the Pond Creek Mine has returned to production after a brief maintenance shutdown. According to Mr. Eugene Chiaramonte, Jr., President of Quest, “We needed to make a decision about how to proceed with the overhaul issues at the mine. I decided it was best to stop production temporarily, complete the overhaul, and get back to work on the coal. It appears to be a good decision based on the production over the last few days and the progress we are currently making.”
Between Sept. 8 and Sept 9, the mine has shipped 35 trailers of coal, each holding 42 tons to its wash plant for processing. This is an average of about 700 tons of raw coal per day.
Mr. Chiaramonte, Jr. further noted, “The tonnage of coal coming out of the mine should increase on a daily basis, as we are still in the process of completing a turn to put us on the full face of the coal seam. For each portion of the turn we complete, the coal output increases considerably. We fully expect to have the turn completed within the next 8 days, barring any equipment failures or set-backs. Once that turn is completed we can then expect to proceed at or near full capacity.”
The Pond Creek mine currently employs 20 full time miners in two shifts. The first shift has 12 miners that are dedicated to mining unless a major equipment failure occurs. The second shift of 8 miners is the maintenance shift, where routine maintenance is done. This second shift also mines coal when there is no maintenance work, or all work has been completed.
Mr. Chiaramonte, Jr. completed his statement by saying, “This is an exciting time for Pond Creek. We are attaining our goals and reaching the large main seam of coal, and I anticipate some large increases in production as we venture into the fourth quarter of this year.”
Quest is committed to its mission and stock holders, and will publish further production information at Pond Creek and rehabilitation information on the Cedar Grove mine as it becomes available.
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