ALPHARETTA, GA--(MARKET WIRE)--Dec 29, 2008 -- Organic Growing Systems, Inc.(OGSI), a subsidiary of Advanced Growing Systems, Inc. (OTC BB:AGWS.OB - News), announces today that it has received notification from the United States Patent and Trademark Office that "Organisan" is now an officially registered U.S. Trademark.
Organisan was developed in conjunction with Venture Chemicals and is exclusively utilized in OGSI's pelletized and granular organic fertilizers. "Organisan is a specialized and proprietary blend of Chitosan that acts as a nutrient additive, binder and lubricant in our Top 4-2-2 product," stated Mark Nichols, President and CEO of Organic Growing Systems, Inc. "Chitosan has been well documented to have a variety of beneficial agricultural properties, including nematode control, antifungal applications, plant health, plant defense applications and foliar feeds," he added.
Nichols added, "Nematode problems are becoming more and more pervasive at golf courses throughout the Southeast. We are working in conjunction with several prominent superintendents and golf laboratories and are experiencing very exciting results." The following experience came from Mike Platt, the Director of Golf Operations at the Indian River State College in Port St. Lucie, Florida:
"At Indian River State College, the Golf Course Operations Program's Golf Laboratory is just like any other golf course with weed, insect, disease and nematode challenges. On the second hole, one of our USGA greens that the students had reconstructed three years previously, we were having a tough time getting full coverage on the left side of the green no matter what we threw at it. We suspected nematodes since spotted spurge was present. After pulling a soil test to confirm that this was the case, we followed the normally prescribed remedies, including an application of a nematicide, with no luck. Finally, one of our advisory board members suggested using the Organic Growing Systems chicken litter mixture.
After aerifiying and topdressing the green, I applied the product with little hope of seeing any real results. One of my student interns asked, "Is this stuff really going to work, Mr. Platt?" and I replied, "I don't know, but what could it hurt?"
Well not only did results come fast, but they have been exceptional. Within two weeks, strong stolon growth could be seen converging to cover the area. Less than a month after the application, the green was completely submerged for more than 4 days in the aftermath of Tropical Storm Fay. It recovered faster than any of the others on the golf lab. I believe that the Organic Growing Systems chicken litter not only greatly aided in the recovery from the nematode damage, but also created a healthier turfgrass that could sustain the flooding to which we were subjected. It is now a major tool that we use."
Organisan II, a concentrated liquid version of OGSI's proprietary Chitosan blend utilized in our pelletized products will be formally introduced February 2nd, 2009 at the Golf Industry Show in New Orleans.
In order to receive regular updates on AGWS, please click on the following link: http://www.b2i.us/irpass.asp?BzID=1435&to=ea&s=0
Monday, December 29, 2008
(BIHC.pk) - BIH Corporation Reduces Authorized Shares by 41%
FT. MYERS, Fla., Dec. 29 /PRNewswire-FirstCall/ -- BIH Corporation (Pink Sheets: BIHC - News) announced today that it has reduced the Company's Authorized Common Shares to 412,362,421 from 700,000,000 as previously stated. It is now on file with the Nevada Secretary of State.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Tuesday, December 23, 2008
(NMKT.pk) - NewMarket Diversifies its Regional Influence
DALLAS, TX--(MARKET WIRE)--Dec 23, 2008 -- NewMarket Technology, Inc. (Other OTC:NMKT.PK - News) CEO Philip M. Verges today released a letter to shareholders. The letter addresses the Company's upcoming virtual Town Hall scheduled for January, its plans for Kenya, updates on its Chinese and Latin American subsidiaries, a planned management buyback and the Company's progress towards an exchange listing. The letter is included in its entirety below.
Dear Shareholders --
Last week I published a letter to shareholders announcing our upcoming virtual Town Hall scheduled for January. In the letter, I extensively reviewed topics that would not be part of the upcoming Town Hall. The Town Hall will focus on reviewing NewMarket's projected historically high 2008 operational performance and NewMarket's plans for 2009.
In the virtual Town Hall, we will feature our updated strategy for continuing to grow our technology services footprint in additional emerging markets around the world. NewMarket's greatest successes have come from our core technology service offerings in emerging markets, to date in those of Asia and Latin America. Much of our growth has been achieved by acquiring and investing in systems integration companies local to those markets. In each emerging market where NewMarket has acquired and invested in a systems integration company, the acquired company has grown significantly within the first 24 months after the acquisition in most cases. Today, our operations in China produce over $40 million in annual revenue, and our operations in Latin America have grown to over $20 million in annual revenue.
The Emerging Market Opportunity for Technology Service Providers
The Internet and its use is expanding around the world. While those countries recognized as world powers have high per capita Internet usage, in most emerging markets only a fraction of the population has gained access to the Internet. A technology service provider has tremendous growth potential in an emerging market facilitating the inevitable growth of the Internet as consumers and businesses in the region gain access. The growth of the Internet and regional access is just one indicator of technology demand growth in a region, but is one we can, in general, easily identify with when discussing the growth opportunity for technology service providers. For example, the expansion of the Internet drives sales of hardware, such as switches, routers and hubs, as well as PCs and other peripherals, and the sales of the corresponding software applications, from PC software to corporate databases and business software solutions. All of these building block hardware, software and networking technologies have to be sold, installed, often customized, and constantly maintained and updated. That's what NewMarket does as a technology service provider and systems integrator, and the Company has established an impressive track record as an emerging market technology service provider.
Kenya as an Example of the Emerging Market Opportunity
NewMarket has targeted Kenya as an emerging market opportunity. If you will recall, we have been invited to speak at the upcoming African Advanced Level Telecommunications Institute (AFRALTI) WiMax Conference in Nairobi and last year participated in the "Connecting Rural Communities Africa Forum 2007," also in Nairobi. We have been developing the Company's opportunities and relationships for the Kenyan market for some time.
Kenya has fiber-optic cable installed throughout the country, and three submarine cables under construction -- one to Dubai, one to India and one to South Africa. With a population of around 38 million people, Kenya has only about 3 million Internet users today. The groundwork has already been laid for a rapid increase in Internet penetration. NewMarket plans to be prepared to provide the necessary products and services to facilitate and profit from the inevitable Internet usage demand growth and related government and business technology needs in Kenya.
In the upcoming virtual Town Hall, I will discuss our Greenfield strategy for opening new emerging markets -- a strategy we will trial in Kenya.
NewMarket and the Over the Counter Marketplaces
In my previous letter, I addressed in more detail the short selling problems NewMarket has encountered (http://biz.yahoo.com/iw/081217/0461105.html). The NewMarket shareholders have watched revenues and profits increase and share price decrease. NewMarket management cannot single-handedly fix the economic issues impacting the share price, but we can get smarter about avoiding the market abuse that has plagued the share price. NewMarket remains confident that the OTC and OTCBB markets, regardless of all their issues, still provide an excellent opportunity for shareholders to realize a return on investment. OTC and OTCBB listed companies can deliver long-term and short-term returns. However, OTC and OTCBB markets do not generally support a seamless transition for an early stage company to mature into a later stage company and deliver a long-term return. Early stage OTC and OTCBB listed companies can produce exceptional short-term returns generated by milestone events. For example, the early stage company may file a patent, sign a notable contract or perhaps announce a quality board member. None of these milestones will necessarily guarantee long term success for the company, but each milestone is likely to create a short-term share price increase by demonstrating the long-term potential of the company's plan. A milestone share price increase will likely also attract subsequent short selling. Short sellers will bet on the milestone not being adequate to support long-term success. After all, sixty percent of start-ups fail within three years after launching. While making a legitimate bet on an early stage company not succeeding in the long-term, that short sale bet can be illegally waged by failing to legitimately borrow shares. Unchecked short selling creates a counterfeit, artificial supply of shares and the laws of supply and demand often take over and help to drive a share price down.
Nevertheless, a legitimate opportunity exists to purchase shares before a milestone event and take a profit when the milestone is achieved. Legitimate retail investors can make legitimate returns even though illegal short selling will likely continue in the foreseeable future. The challenge is to find and qualify potential milestone events and make winning bets on the right milestone opportunities.
Long-term Profits from Early Stage OTC and OTCBB Investments
Retail investors can also realize excellent long-term returns on OTC and OTCBB quoted companies. OTC and OTCBB quoted companies generally have substantially lower market capitalizations when compared to similar operations listed on exchanges (the OTC and OTCBB are only public quotation systems, not exchanges). Accordingly, as an OTC or OTCBB listed company transitions from its early stage beginnings and manages to have its share price recognized in comparison to its exchange listed brethren, a substantial return can be realized by long-term investors. However, that early stage business that matures, regardless of its operational success, has likely experienced a fair amount of share price volatility (see above on short-term milestone returns) and it has also probably issued a large number of shares in conjunction with fundraising and acquisitions. The shareholder base is correspondingly likely to be weary from the journey that started with a reverse merger and brought the company to its current stage.
The challenge to transition from generating short-term milestone returns to delivering long-term capital appreciation is one of revitalizing the shareholders, and as part of that revitalization, halting the ongoing issuance of stock. Before a shareholder revitalization, short sellers will continue to exploit profit opportunities by demoralizing weary shareholders into giving up hope in a long-term return and otherwise releasing their stock at a loss. The short seller is of course happy to purchase that stock and close out their short position. To anyone that does not believe in short seller manipulation, try to offer an alternative explanation to who is buying stock when others are selling stock while the share price is going down.
NewMarket Long-Term Return, Exchange Listing and Management Buyback
2008 looks to be a historically high year for NewMarket's operations. The Company has continued to grow and is on track to report historically high revenue. Notably, NewMarket has not made an acquisition in over two years, so the Company's growth is the result of increased organic sales. The Company may realize historically high net income as well, however, we have not yet finalized all decisions on how cash produced by operations might be utilized in the best interest of shareholders.
Management is considering the use of some cash produced by operations as part of an effort to reduce or eliminate debt. However, using cash to reduce or eliminate debt is not management's primary strategy to reduce debt, and we maintain that the best use of cash produced by operations is for the ongoing support of operations.
You may recall that the Company entered into a $7 million debt transaction just over one year ago. The $7 million debt transaction consisted of a $4 million term note and a $3 million revolving line of credit. We have already retired the $3 million revolving line of credit, and management has been endeavoring, on behalf of the Company, to borrow the necessary funds for management to replace the $4 million term note. Management's intention is to convert the $4 million term note to a secondary class of equity that would not be convertible to common stock. Management's only exit from that security would be the sale of the Company. The risk of additional common stock being issued to reduce the $4 million debt would be eliminated. If the lender has sold NewMarket stock short to hedge against their risk associated with the loan to NewMarket, then genuine NewMarket shareholders would enjoy the benefit of the senior lender having to buy back stock to cover the short position once their debt was paid in cash.
Management has not at this time completed the retirement of the $4 million term note with the current lender and may not be able to successfully retire the note. Management has secured a lender willing to sponsor management in the proposed transaction and negotiations are underway.
Management has referred to this transaction as a 'buyback,' as management will be buying back a substantial equity position in NewMarket if they are successful. This is not a buyback of common stock from the open market, and we believe this buyback would be more beneficial to the Company's shareholders than a buyback on the open market. The transaction proposed by management would have a substantial operational benefit to the shareholders by eliminating a substantial debt. The transaction would also substantially reduce further common shareholder dilution that could be realized if the current debt with the existing lender were to be serviced in stock.
Subsequent to a transaction removing the current lender and reducing the Company's debt, NewMarket would then initiate steps to move toward an exchange listing. The details associated with the Company's strategy to achieve an exchange listing will vary depending on the final details associated with the potential retirement of the existing term note.
Management is working to align the Company's strong fundamental financial performance and its market valuation to deliver a return on investment to its long-term shareholders. The buyback strategy described herein, and the highlights of management's intention to subsequently move to another exchange are central to our plans to deliver that long-term return.
NewMarket Latin America, Inc. and China Crescent, Inc.
NewMarket Latin America, Inc. and China Crescent, Inc. represent the Company's most substantial emerging market operations and the first operations listed independently as part of the Company's plan to directly share the benefit of its emerging market growth with shareholders.
The consolidation of operations into the Latin American public subsidiary has been slower than anticipated, and the cleanup of past public filings associated with the operations that pre-dated the transaction with NewMarket has been problematic. As the largest shareholder, NewMarket has elected to voluntarily de-register NewMarket Latin America, with the intention of accelerating the cleanup and consolidation. The necessary filings to support a new registration are currently being reviewed. When the registration is complete, the Latin American operations will be consolidated. As the filings are reviewed and finalized for submission, the Company will release an anticipated time frame for the completion.
China Crescent has had a good year operationally, however the stock performance has been disappointing and difficult to understand. From the fundamental financial performance of China Crescent, we anticipated better stock performance to date. The Company's operational base is strong, and we are happy with the progress the company has made this year as it matures and grows independent of NewMarket. For instance, the Company has changed its name this year to better position itself in the Chinese market, its primary place of business, and has transitioned to new leadership, from its entrepreneurial leadership team. The Company has recently announced its plans to increase its footprint in China by increasing its ownership in one of its Chinese operating subsidiaries by 25%. China Crescent has focused on the growing need in China for computer hardware and software since its inception in 2005, and we look forward to the Company's continued growth in 2009. Both NewMarket and China Crescent management are aware of the frustrating stock performance and will continue to focus on improving it in 2009, while continuing to keep our focus on improving and growing the Company's established operational base. China Crescent is scheduled to provide more updates on its plans and activities to its shareholders starting in January. Please look for those updates from China Crescent.
I look forward to sharing more with all of our shareholders in the upcoming virtual Town Hall. I also look forward to kicking off 2009 and providing updates to you all throughout the first quarter. I am confident long-term shareholders will be rewarded for their ongoing commitment, and I am grateful for the support shareholders have shown the Company.
Best Regards during this Holiday Season,
Philip M. Verges
Founder and CEO
NewMarket Technology, Inc.
Dear Shareholders --
Last week I published a letter to shareholders announcing our upcoming virtual Town Hall scheduled for January. In the letter, I extensively reviewed topics that would not be part of the upcoming Town Hall. The Town Hall will focus on reviewing NewMarket's projected historically high 2008 operational performance and NewMarket's plans for 2009.
In the virtual Town Hall, we will feature our updated strategy for continuing to grow our technology services footprint in additional emerging markets around the world. NewMarket's greatest successes have come from our core technology service offerings in emerging markets, to date in those of Asia and Latin America. Much of our growth has been achieved by acquiring and investing in systems integration companies local to those markets. In each emerging market where NewMarket has acquired and invested in a systems integration company, the acquired company has grown significantly within the first 24 months after the acquisition in most cases. Today, our operations in China produce over $40 million in annual revenue, and our operations in Latin America have grown to over $20 million in annual revenue.
The Emerging Market Opportunity for Technology Service Providers
The Internet and its use is expanding around the world. While those countries recognized as world powers have high per capita Internet usage, in most emerging markets only a fraction of the population has gained access to the Internet. A technology service provider has tremendous growth potential in an emerging market facilitating the inevitable growth of the Internet as consumers and businesses in the region gain access. The growth of the Internet and regional access is just one indicator of technology demand growth in a region, but is one we can, in general, easily identify with when discussing the growth opportunity for technology service providers. For example, the expansion of the Internet drives sales of hardware, such as switches, routers and hubs, as well as PCs and other peripherals, and the sales of the corresponding software applications, from PC software to corporate databases and business software solutions. All of these building block hardware, software and networking technologies have to be sold, installed, often customized, and constantly maintained and updated. That's what NewMarket does as a technology service provider and systems integrator, and the Company has established an impressive track record as an emerging market technology service provider.
Kenya as an Example of the Emerging Market Opportunity
NewMarket has targeted Kenya as an emerging market opportunity. If you will recall, we have been invited to speak at the upcoming African Advanced Level Telecommunications Institute (AFRALTI) WiMax Conference in Nairobi and last year participated in the "Connecting Rural Communities Africa Forum 2007," also in Nairobi. We have been developing the Company's opportunities and relationships for the Kenyan market for some time.
Kenya has fiber-optic cable installed throughout the country, and three submarine cables under construction -- one to Dubai, one to India and one to South Africa. With a population of around 38 million people, Kenya has only about 3 million Internet users today. The groundwork has already been laid for a rapid increase in Internet penetration. NewMarket plans to be prepared to provide the necessary products and services to facilitate and profit from the inevitable Internet usage demand growth and related government and business technology needs in Kenya.
In the upcoming virtual Town Hall, I will discuss our Greenfield strategy for opening new emerging markets -- a strategy we will trial in Kenya.
NewMarket and the Over the Counter Marketplaces
In my previous letter, I addressed in more detail the short selling problems NewMarket has encountered (http://biz.yahoo.com/iw/081217/0461105.html). The NewMarket shareholders have watched revenues and profits increase and share price decrease. NewMarket management cannot single-handedly fix the economic issues impacting the share price, but we can get smarter about avoiding the market abuse that has plagued the share price. NewMarket remains confident that the OTC and OTCBB markets, regardless of all their issues, still provide an excellent opportunity for shareholders to realize a return on investment. OTC and OTCBB listed companies can deliver long-term and short-term returns. However, OTC and OTCBB markets do not generally support a seamless transition for an early stage company to mature into a later stage company and deliver a long-term return. Early stage OTC and OTCBB listed companies can produce exceptional short-term returns generated by milestone events. For example, the early stage company may file a patent, sign a notable contract or perhaps announce a quality board member. None of these milestones will necessarily guarantee long term success for the company, but each milestone is likely to create a short-term share price increase by demonstrating the long-term potential of the company's plan. A milestone share price increase will likely also attract subsequent short selling. Short sellers will bet on the milestone not being adequate to support long-term success. After all, sixty percent of start-ups fail within three years after launching. While making a legitimate bet on an early stage company not succeeding in the long-term, that short sale bet can be illegally waged by failing to legitimately borrow shares. Unchecked short selling creates a counterfeit, artificial supply of shares and the laws of supply and demand often take over and help to drive a share price down.
Nevertheless, a legitimate opportunity exists to purchase shares before a milestone event and take a profit when the milestone is achieved. Legitimate retail investors can make legitimate returns even though illegal short selling will likely continue in the foreseeable future. The challenge is to find and qualify potential milestone events and make winning bets on the right milestone opportunities.
Long-term Profits from Early Stage OTC and OTCBB Investments
Retail investors can also realize excellent long-term returns on OTC and OTCBB quoted companies. OTC and OTCBB quoted companies generally have substantially lower market capitalizations when compared to similar operations listed on exchanges (the OTC and OTCBB are only public quotation systems, not exchanges). Accordingly, as an OTC or OTCBB listed company transitions from its early stage beginnings and manages to have its share price recognized in comparison to its exchange listed brethren, a substantial return can be realized by long-term investors. However, that early stage business that matures, regardless of its operational success, has likely experienced a fair amount of share price volatility (see above on short-term milestone returns) and it has also probably issued a large number of shares in conjunction with fundraising and acquisitions. The shareholder base is correspondingly likely to be weary from the journey that started with a reverse merger and brought the company to its current stage.
The challenge to transition from generating short-term milestone returns to delivering long-term capital appreciation is one of revitalizing the shareholders, and as part of that revitalization, halting the ongoing issuance of stock. Before a shareholder revitalization, short sellers will continue to exploit profit opportunities by demoralizing weary shareholders into giving up hope in a long-term return and otherwise releasing their stock at a loss. The short seller is of course happy to purchase that stock and close out their short position. To anyone that does not believe in short seller manipulation, try to offer an alternative explanation to who is buying stock when others are selling stock while the share price is going down.
NewMarket Long-Term Return, Exchange Listing and Management Buyback
2008 looks to be a historically high year for NewMarket's operations. The Company has continued to grow and is on track to report historically high revenue. Notably, NewMarket has not made an acquisition in over two years, so the Company's growth is the result of increased organic sales. The Company may realize historically high net income as well, however, we have not yet finalized all decisions on how cash produced by operations might be utilized in the best interest of shareholders.
Management is considering the use of some cash produced by operations as part of an effort to reduce or eliminate debt. However, using cash to reduce or eliminate debt is not management's primary strategy to reduce debt, and we maintain that the best use of cash produced by operations is for the ongoing support of operations.
You may recall that the Company entered into a $7 million debt transaction just over one year ago. The $7 million debt transaction consisted of a $4 million term note and a $3 million revolving line of credit. We have already retired the $3 million revolving line of credit, and management has been endeavoring, on behalf of the Company, to borrow the necessary funds for management to replace the $4 million term note. Management's intention is to convert the $4 million term note to a secondary class of equity that would not be convertible to common stock. Management's only exit from that security would be the sale of the Company. The risk of additional common stock being issued to reduce the $4 million debt would be eliminated. If the lender has sold NewMarket stock short to hedge against their risk associated with the loan to NewMarket, then genuine NewMarket shareholders would enjoy the benefit of the senior lender having to buy back stock to cover the short position once their debt was paid in cash.
Management has not at this time completed the retirement of the $4 million term note with the current lender and may not be able to successfully retire the note. Management has secured a lender willing to sponsor management in the proposed transaction and negotiations are underway.
Management has referred to this transaction as a 'buyback,' as management will be buying back a substantial equity position in NewMarket if they are successful. This is not a buyback of common stock from the open market, and we believe this buyback would be more beneficial to the Company's shareholders than a buyback on the open market. The transaction proposed by management would have a substantial operational benefit to the shareholders by eliminating a substantial debt. The transaction would also substantially reduce further common shareholder dilution that could be realized if the current debt with the existing lender were to be serviced in stock.
Subsequent to a transaction removing the current lender and reducing the Company's debt, NewMarket would then initiate steps to move toward an exchange listing. The details associated with the Company's strategy to achieve an exchange listing will vary depending on the final details associated with the potential retirement of the existing term note.
Management is working to align the Company's strong fundamental financial performance and its market valuation to deliver a return on investment to its long-term shareholders. The buyback strategy described herein, and the highlights of management's intention to subsequently move to another exchange are central to our plans to deliver that long-term return.
NewMarket Latin America, Inc. and China Crescent, Inc.
NewMarket Latin America, Inc. and China Crescent, Inc. represent the Company's most substantial emerging market operations and the first operations listed independently as part of the Company's plan to directly share the benefit of its emerging market growth with shareholders.
The consolidation of operations into the Latin American public subsidiary has been slower than anticipated, and the cleanup of past public filings associated with the operations that pre-dated the transaction with NewMarket has been problematic. As the largest shareholder, NewMarket has elected to voluntarily de-register NewMarket Latin America, with the intention of accelerating the cleanup and consolidation. The necessary filings to support a new registration are currently being reviewed. When the registration is complete, the Latin American operations will be consolidated. As the filings are reviewed and finalized for submission, the Company will release an anticipated time frame for the completion.
China Crescent has had a good year operationally, however the stock performance has been disappointing and difficult to understand. From the fundamental financial performance of China Crescent, we anticipated better stock performance to date. The Company's operational base is strong, and we are happy with the progress the company has made this year as it matures and grows independent of NewMarket. For instance, the Company has changed its name this year to better position itself in the Chinese market, its primary place of business, and has transitioned to new leadership, from its entrepreneurial leadership team. The Company has recently announced its plans to increase its footprint in China by increasing its ownership in one of its Chinese operating subsidiaries by 25%. China Crescent has focused on the growing need in China for computer hardware and software since its inception in 2005, and we look forward to the Company's continued growth in 2009. Both NewMarket and China Crescent management are aware of the frustrating stock performance and will continue to focus on improving it in 2009, while continuing to keep our focus on improving and growing the Company's established operational base. China Crescent is scheduled to provide more updates on its plans and activities to its shareholders starting in January. Please look for those updates from China Crescent.
I look forward to sharing more with all of our shareholders in the upcoming virtual Town Hall. I also look forward to kicking off 2009 and providing updates to you all throughout the first quarter. I am confident long-term shareholders will be rewarded for their ongoing commitment, and I am grateful for the support shareholders have shown the Company.
Best Regards during this Holiday Season,
Philip M. Verges
Founder and CEO
NewMarket Technology, Inc.
(SSTP.pk) - Sustainable Power Corp Appeals to Obama's Administration
BAYTOWN, TX--(MARKET WIRE)--Dec 23, 2008 -- Sustainable Power Corp. (Other OTC:SSTP.PK - News) advised that it has forwarded the following correspondence to President-elect Barack Obama:
President-elect Barack Obama,
We congratulate you on your historic election as our next President. Your hard fought, yet respectful, dignified, and even-mannered campaign highlighted the characteristics that will serve you well in the great challenge you have accepted. As innovators in the technology of biofuel production, we appreciate your strong interest in this field. We feel we can help you, our country, and our planet by providing innovations that will achieve the maximum benefits with no undesirable social, economic, or environmental side affects.
We must address some major challenges if the holistic effect of biofuels is to be positive.
-- The debates about food-based biofuel feedstocks and the effect on
hunger, food prices, agricultural lands, and rainforests is ongoing and
passionate.
-- Recent studies suggest it takes more energy to produce some biofuels
than they provide.
-- Some biofuels use considerably more potable water than the volume of
biofuel produced.
-- Biodiesel production uses fossil based methanol, thus linking costs
and availability to that of fossil fuels.
-- Certain biofuels gel or even solidify at typical winter temperatures.
We believe we have solved all the above problems by producing biofuels which:
1. Are produced from non-food feedstocks such as agricultural and municipal
solid waste.
2. Can power gasoline/diesel engines and heat buildings.
3. Have been refined in existing facilities to produce bioplastic
feedstocks, bioasphalts, biogasoline, biokerosene, biojetfuels, and
lighter biodistillates.
4. Remain viable liquids at temperatures suitable for use in high altitude
aircraft.
5. Contain high levels of energy in their gaseous state.
6. Can replace coal.
7. Provide high carbon biochars that can restore barren lands to
agricultural use, increase crop yields, improve crop nutrient density,
reduce global warming outgassing from the soils, and sequester CO2.
8. Are economically viable across a broad range of market conditions.
We hope you find the attached materials compelling enough to consider including the Rivera Process in the list of biofuel initiatives eligible for any government assistance that may become available. Best wishes for an historically significant and world changing Presidency.
Very sincerely,
/s/ M. Richard Cutler
M. Richard Cutler, President and Chief Executive Officer
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy total service provider focused on environmentally safe production of Vertroleum® biofuels and power generation. The company has the exclusive rights to develop and manage a portfolio of green energy plants utilizing a renewable fuel source able to be produced from non-food feed stock. For more information please visit www.sstp.us.
President-elect Barack Obama,
We congratulate you on your historic election as our next President. Your hard fought, yet respectful, dignified, and even-mannered campaign highlighted the characteristics that will serve you well in the great challenge you have accepted. As innovators in the technology of biofuel production, we appreciate your strong interest in this field. We feel we can help you, our country, and our planet by providing innovations that will achieve the maximum benefits with no undesirable social, economic, or environmental side affects.
We must address some major challenges if the holistic effect of biofuels is to be positive.
-- The debates about food-based biofuel feedstocks and the effect on
hunger, food prices, agricultural lands, and rainforests is ongoing and
passionate.
-- Recent studies suggest it takes more energy to produce some biofuels
than they provide.
-- Some biofuels use considerably more potable water than the volume of
biofuel produced.
-- Biodiesel production uses fossil based methanol, thus linking costs
and availability to that of fossil fuels.
-- Certain biofuels gel or even solidify at typical winter temperatures.
We believe we have solved all the above problems by producing biofuels which:
1. Are produced from non-food feedstocks such as agricultural and municipal
solid waste.
2. Can power gasoline/diesel engines and heat buildings.
3. Have been refined in existing facilities to produce bioplastic
feedstocks, bioasphalts, biogasoline, biokerosene, biojetfuels, and
lighter biodistillates.
4. Remain viable liquids at temperatures suitable for use in high altitude
aircraft.
5. Contain high levels of energy in their gaseous state.
6. Can replace coal.
7. Provide high carbon biochars that can restore barren lands to
agricultural use, increase crop yields, improve crop nutrient density,
reduce global warming outgassing from the soils, and sequester CO2.
8. Are economically viable across a broad range of market conditions.
We hope you find the attached materials compelling enough to consider including the Rivera Process in the list of biofuel initiatives eligible for any government assistance that may become available. Best wishes for an historically significant and world changing Presidency.
Very sincerely,
/s/ M. Richard Cutler
M. Richard Cutler, President and Chief Executive Officer
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy total service provider focused on environmentally safe production of Vertroleum® biofuels and power generation. The company has the exclusive rights to develop and manage a portfolio of green energy plants utilizing a renewable fuel source able to be produced from non-food feed stock. For more information please visit www.sstp.us.
Monday, December 22, 2008
(CVIC.ob) - Cavico Releases Positive Fiscal Year Guidance
LOS ANGELES & HANOI, Vietnam--(BUSINESS WIRE)--Cavico Corp. (“Cavico” or “the Company”) (OTC BB: CVIC - News), a leading infrastructure development company in Vietnam, today announced guidance for its fiscal year 2008 (FY2008) and fiscal year 2009 (FY2009). These amounts represent the Company’s current backlog and management forecasts of Cavico’s future financial performance.
Cavico expects FY2008 revenue to increase by 58.5% to $60.0 million and revenue for FY2009 is expected to grow by 33.3% to $80.0 million. The Company estimates net income of $0.9 million in FY2008 and expects net income to reach $3.2 million, an increase of 255.6%, in FY2009. Cavico forecasts that the anticipated growth will be driven by existing and new operations managed by the Company, including its entry into the wind energy market. The Company expects the increase in mining and construction operations to be led by the growth and development of the Vietnamese economy.
2008E 2009E
Revenue $60,000,000 $80,000,000
Net Income $900,000 $3,200,000
“We continue to see strong revenue growth from our core business of hydropower projects and mining construction. The year 2008 has been a challenging year due to the high levels of inflation and increased interest rates in the last three quarters of the year, which adversely affected our net income in FY2008. However, we have overcome these difficult times successfully and expect to report profit compared to other construction companies in Vietnam which have reported declining revenues and deficit from operations. Our future growth is expected to be driven by our successful expansion into the wind energy market, real estate development, and project investment business,” commented Mr. Hung Manh Tran, vice president of Cavico Corp. “We continue to develop our expertise in managing infrastructure construction projects. Our aim is to be able to support the Vietnamese government in its efforts to improve the infrastructure in the country. We have developed strategic partnerships with investors in our core business and will expand the support to execute our real estate development strategy. We are confident of our strong performance and are on track to meet our financial projections,” added Mr. Tran.
Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants and urban developments in Vietnam. The company employs more than 3000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia.
Founded in 2000, Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam. Cavico is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports and urban community developments. One of the Company’s primary competitive advantages is its ability to nurture a project “from concept through completion” with a vertical portfolio of interrelated investment, permitting, design, construction management and facility maintenance services. Cavico’s project partners include top multi-national corporations and government organizations. The Company employs more than 3,000 full-time, part-time, and seasonal workers. For more information, visit http://www.cavicocorp.com. Information on the Company’s Web site or any other Web site does not constitute a portion of this release.
Cavico expects FY2008 revenue to increase by 58.5% to $60.0 million and revenue for FY2009 is expected to grow by 33.3% to $80.0 million. The Company estimates net income of $0.9 million in FY2008 and expects net income to reach $3.2 million, an increase of 255.6%, in FY2009. Cavico forecasts that the anticipated growth will be driven by existing and new operations managed by the Company, including its entry into the wind energy market. The Company expects the increase in mining and construction operations to be led by the growth and development of the Vietnamese economy.
2008E 2009E
Revenue $60,000,000 $80,000,000
Net Income $900,000 $3,200,000
“We continue to see strong revenue growth from our core business of hydropower projects and mining construction. The year 2008 has been a challenging year due to the high levels of inflation and increased interest rates in the last three quarters of the year, which adversely affected our net income in FY2008. However, we have overcome these difficult times successfully and expect to report profit compared to other construction companies in Vietnam which have reported declining revenues and deficit from operations. Our future growth is expected to be driven by our successful expansion into the wind energy market, real estate development, and project investment business,” commented Mr. Hung Manh Tran, vice president of Cavico Corp. “We continue to develop our expertise in managing infrastructure construction projects. Our aim is to be able to support the Vietnamese government in its efforts to improve the infrastructure in the country. We have developed strategic partnerships with investors in our core business and will expand the support to execute our real estate development strategy. We are confident of our strong performance and are on track to meet our financial projections,” added Mr. Tran.
Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants and urban developments in Vietnam. The company employs more than 3000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia.
Founded in 2000, Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam. Cavico is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports and urban community developments. One of the Company’s primary competitive advantages is its ability to nurture a project “from concept through completion” with a vertical portfolio of interrelated investment, permitting, design, construction management and facility maintenance services. Cavico’s project partners include top multi-national corporations and government organizations. The Company employs more than 3,000 full-time, part-time, and seasonal workers. For more information, visit http://www.cavicocorp.com. Information on the Company’s Web site or any other Web site does not constitute a portion of this release.
Friday, December 19, 2008
(ETNL.pk) Eternal Image Takes Big Step Towards OTCBB Upgrade
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (the “Company”) (OTC:ETNL.PK - News), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, today announced that the Company’s registration statement on Form S-1 has been declared effective by the SEC. As a result of the registration process, Eternal Image has become a fully reporting company. The Company will now have an application submitted to FINRA (the Financial Industry Regulatory Authority) for approval to have its common stock traded on the Over The Counter Bulletin Board (OTC:BB - News). This is a process that is expected to take approximately 30 days.
“This is a major milestone for our company,” said Clint Mytych, CEO, Eternal Image. “The SEC registration process took our team more than a year, including the pre-filing preparation and drafting responses to the SEC’s customary Comments. We have worked extremely hard to bring the Company this far.”
“It is our goal to be on the OTC:BB this winter, which will make the stock more transparent for our shareholders,” added Mytych. “We believe the future growth of Eternal Image relies on the open relationship we have with our investors. We are elated as a company to have reached this critical stage. This positions us to for considerable future growth and provides us with access to necessary growth capital.”
“This is a major milestone for our company,” said Clint Mytych, CEO, Eternal Image. “The SEC registration process took our team more than a year, including the pre-filing preparation and drafting responses to the SEC’s customary Comments. We have worked extremely hard to bring the Company this far.”
“It is our goal to be on the OTC:BB this winter, which will make the stock more transparent for our shareholders,” added Mytych. “We believe the future growth of Eternal Image relies on the open relationship we have with our investors. We are elated as a company to have reached this critical stage. This positions us to for considerable future growth and provides us with access to necessary growth capital.”
Thursday, December 18, 2008
(BIHC.pk) BIH Corporation Announces 1-for-1 Stock Dividend and $0.005 Cash Dividend
WEST ORANGE, N.J., Dec 18 /PRNewswire-FirstCall/ -- BIH Corporation's (Pink Sheets: BIHC - News) Board of Directors has met and determined that the Company will now pay a cash dividend along with a stock dividend.
The Company's Board of Directors has voted unanimously to issue a cash dividend of 0.005 (one half of one cent) along with a stock dividend of 1 for 1 (one share for one share owned.) The cash dividend will be paid from earnings. The Company's Board also voted on other matters.
The Company's Board of Directors also voted to reduce the Company's authorized common shares to 400 million common shares from its previous increase of 700 million.
The Company will announce the payment date of the Dividends this week; they will be paid by December 31, 2008.
These actions were based on the hard fought recommendations of the Company's CEO & President Mr. Cris Galo as he stated, "The future of the Company is based on the support of its shareholders and if we do not have that, the Company will not be successful."
Mr. Galo also stated that, "After a hard fought battle with the Board he is satisfied that the Company will be able to move forward in the coming year."
Mr. Galo also stated that, "He wishes everyone a very Happy Holiday and a successful New Year."
The Company's Board of Directors has voted unanimously to issue a cash dividend of 0.005 (one half of one cent) along with a stock dividend of 1 for 1 (one share for one share owned.) The cash dividend will be paid from earnings. The Company's Board also voted on other matters.
The Company's Board of Directors also voted to reduce the Company's authorized common shares to 400 million common shares from its previous increase of 700 million.
The Company will announce the payment date of the Dividends this week; they will be paid by December 31, 2008.
These actions were based on the hard fought recommendations of the Company's CEO & President Mr. Cris Galo as he stated, "The future of the Company is based on the support of its shareholders and if we do not have that, the Company will not be successful."
Mr. Galo also stated that, "After a hard fought battle with the Board he is satisfied that the Company will be able to move forward in the coming year."
Mr. Galo also stated that, "He wishes everyone a very Happy Holiday and a successful New Year."
(ANVH.pk) The Anviron Holding Company Completes $70+ Million Mine Site Reclamation Contract
BANGKOK, Thailand--(BUSINESS WIRE)--The Anviron Holding Company (Pink Sheets: ANVH - News) (“Anviron”), a manufacturer and marketer of "Clean & Green" products and technology, announced today that they have completed the contracts for the use of the company’s “NuSoil” product line for the reclamation of a closed Mine operation Joint Venture signed by its largest investor The Avalon Group Ltd. This negotiated agreement is estimated at $70 Million over the first 18 months of the project and ongoing annual sales of $21 Million.
Anviron is currently evaluating the use of its NuSoil technology on three additional mine reclamation sites totaling 75,000 hectares of land representing an additional estimated $26.25 Million USD in potential future product sales.
In September 2008 NuSoil technologies were selected as the technology of choice for this project for their ability to convert land and soil at the molecular level. NuSoil is a non-polluting organic fertilizer technology that is used to convert non-productive lands by increasing the biological activity, changing the thermal conductivity and ultimately changing the soil’s capacity to retain moisture. NuSoil technology has been proven under conditions of drought, torrential rains, and hurricanes.
“In November 2008 Anviron completed the acquisition of a product manufacturing facility for the supply of the 'NuSoil' product line to this newly formed Joint Venture to complete the reclamation of this closed Mine. Anviron is extremely excited to complete this contract for this upcoming project. We look forward to working with all the parties involved in this JV,” stated Steve Young – COO of Anviron.
Anviron is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about Anviron and its product offerings visit us on the web at www.anviron.com.
Anviron is currently evaluating the use of its NuSoil technology on three additional mine reclamation sites totaling 75,000 hectares of land representing an additional estimated $26.25 Million USD in potential future product sales.
In September 2008 NuSoil technologies were selected as the technology of choice for this project for their ability to convert land and soil at the molecular level. NuSoil is a non-polluting organic fertilizer technology that is used to convert non-productive lands by increasing the biological activity, changing the thermal conductivity and ultimately changing the soil’s capacity to retain moisture. NuSoil technology has been proven under conditions of drought, torrential rains, and hurricanes.
“In November 2008 Anviron completed the acquisition of a product manufacturing facility for the supply of the 'NuSoil' product line to this newly formed Joint Venture to complete the reclamation of this closed Mine. Anviron is extremely excited to complete this contract for this upcoming project. We look forward to working with all the parties involved in this JV,” stated Steve Young – COO of Anviron.
Anviron is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about Anviron and its product offerings visit us on the web at www.anviron.com.
(INTK.pk) Industrial Nanotech Expands Operations In South Africa
NAPLES, Fla.--(BUSINESS WIRE)--Industrial Nanotech, Inc. (Pink Sheets:INTK - News), an emerging global leader in nanotechnology, today announced that the Company has signed a deal to manufacture its products in South Africa.
"Our representatives in this region have developed opportunities in the oil and gas and building construction market sectors in South Africa and surrounding African nations which present large enough revenue streams to justify manufacturing the product there to lower shipping costs and the burdens of import tariffs,” states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. “In order to fully capitalize on these opportunities it was important that we take this strategic initiative to lower the landed cost to the end user of our products and therefore increase the overall revenue to Industrial Nanotech. Production will begin in Q1 2009.”
About Nansulate(R)
Nansulate(R) is the Company's patented product line of specialty coatings containing a nanotechnology based material and which are well-documented to provide the combined performance qualities of thermal insulation, corrosion prevention, resistance to mold growth, fire resistance, chemical resistance, and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate(R) Product Line includes both industrial and residential coatings.
Additional information about the Company and its products can be found at their websites, (www.industrial-nanotech.com) and (www.nansulate.com).
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is quickly emerging as a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology.
"Our representatives in this region have developed opportunities in the oil and gas and building construction market sectors in South Africa and surrounding African nations which present large enough revenue streams to justify manufacturing the product there to lower shipping costs and the burdens of import tariffs,” states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. “In order to fully capitalize on these opportunities it was important that we take this strategic initiative to lower the landed cost to the end user of our products and therefore increase the overall revenue to Industrial Nanotech. Production will begin in Q1 2009.”
About Nansulate(R)
Nansulate(R) is the Company's patented product line of specialty coatings containing a nanotechnology based material and which are well-documented to provide the combined performance qualities of thermal insulation, corrosion prevention, resistance to mold growth, fire resistance, chemical resistance, and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate(R) Product Line includes both industrial and residential coatings.
Additional information about the Company and its products can be found at their websites, (www.industrial-nanotech.com) and (www.nansulate.com).
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is quickly emerging as a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology.
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