Thursday, March 05, 2009

( - Good Life China Announces Agreement With Wal-Mart

BEIJING, March 5 /PRNewswire-FirstCall/ - Good Life China Corporation (GLCC) today after the market closed announced that its Shenzhen Bread Co. (Miluga) subsidiary has signed a cooperation agreement with Wal-Mart in Shenzhen for the purchase of a wide variety of bakery products. The products include traditional baked products as well as an agreement for Miluga's very popular moon cakes.

Wal-mart Stores is one of the biggest and most exclusive chain stores in Hubei Province, having more than 11 branch stores around Shenzhen alone. Importantly, it is a testament to Miluga's production capabilities and quality control that it is able to meet the strict standards of Wal-Mart. Key factors that gave Miluga the competitive edge include superior product quality, excellent service and on-time delivery.

Gross revenues by Wal-Mart from the sales of Miluga's mooncakes alone are projected to reach more than two million RMB annually.

The Company anticipates making additional announcements re: major sales contracts in the coming weeks.

Wednesday, March 04, 2009

(SPNG.ob) - SpongeTech Delivers Positive Shareholders Update

GENEVA, March 5 /PRNewswire-FirstCall/ -- SpongeTech® Delivery Systems, Inc. America's Cleaning Company(TM), (OTC Bulletin Board: SPNG - News).

To my fellow shareholders of SpongeTech®:

Despite what many consider today's environment to be a worldwide economic slowdown, the sales momentum of SpongeTech®'s products has continued to remain strong. We anticipate meeting or exceeding our previously announced projected revenues and earnings for the current fiscal year ending May 31, 2009.

Our third quarter ended February 28, 2009 and we expect to file our Form 10-Q with the SEC by April 15, 2009. We last updated the Company's capital structure to you on February 2, 2009 and at that time we had approximately 700,000,000 issued and outstanding shares of which RM Enterprises held approximately 480,000,000 shares. These shares held by RM Enterprises are (R144) restricted common shares of stock which legally can be bought back by only the Company itself. We have and will continue to retire as needed the remaining restricted shares held by RM Enterprises.

We are proud to announce that our Company is now cash flow positive and can finance our immediate growth from the cash generated within. We have been in negotiation with two banking institutions that could potentially provide us with accounts receivable financing, if and when needed for the future growth of our Company. However we hope that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally.

SpongeTech®'s Products Update

Pet Care

We recently launched our "Uncle Norman's Pet Sponge" at the Westminster Kennel Club's 33rd annual Dog Show at Madison Square Garden in New York City and received a good response from the public, distributors and retailers. Our national marketing campaign and infomercials continue to generate growing sales and repeat orders online. We expect to add additional new products to our Pet Care line in the coming months.

Auto Care

With spring season around the corner, we are happy to announce that our automotive cleaning products are now available in many retail outlets in the US and overseas. We recently sponsored and placed our name on NASCAR #78, driven by Regan Smith in this year's Daytona 500 race. The Daytona 500 was a premier event viewed by tens of millions of fans worldwide and we anticipate having additional marketing exposure with NASCAR throughout the racing season.

Children's Bath

We recently licensed with Viacom's Nickelodeon subsidiary creating the products and packaging for children's bath sponges in the likenesses of Nickelodeon characters SpongeBob Square Pants, Dora the Explorer and Go Diego Go. These products will be available in major retail outlets that carry other Nickelodeon licensed products such as Wal-Mart. Our marketing research leads us to believe that the bath products will be very popular among children and their parents at price points which are affordable.

Household Cleaning

Our Company has developed two distinct lines of product for the home cleaning market, Kitchen and Bath.

1) Kitchen - Designed for kitchen use infused with antibacterial soap or detergent.

2) Bath - Designed for the bathroom to clean ceramic tile, porcelain and plastic surface.

The Household products market is very competitive and expensive to enter, therefore we are seeking for the right partner with established brand recognition and dedicated retail shelf space. We have already designed and tested our product for a major company. To date, both parties are pleased with the product line and its test market acceptance.

Healthcare and Cosmetics

Our Company has developed and tested a derma-sponge which may be used as an applicator for sun block and other skin care products. Discussions are underway with a market leader in the sun lotions and sun block preparations industry.

Your Management Team is pleased with the recent progress in the development, marketing, and distribution of SpongeTech®'s products and I trust that you are also favorably impressed by the Company's recent growth and operating results. We appreciate your patience and your loyalty and let me assure you, that we will continue to put our best foot forward building a company, a globally recognized brand, and continue to show revenue and profit to which our shareholders can be proud of and which should be reflected and rewarded by a healthier performance of the stock.

Very truly yours,

Steven Y. Moskowitz

Chief Operating Officer

Monday, March 02, 2009

(LBAS.ob) - Location Based Technologies Signs First $1.2 M Contract

ANAHEIM, Calif.--(BUSINESS WIRE)--Location Based Technologies, Inc. (OTCBB:LBAS - News), a leading-edge service provider of personal, pet and asset location devices, today announced it has signed its first Professional Service Agreement for $1.2M with, LLC for customization of software and hardware.

“By partnering with LoadRack™, we establish a cornerstone distribution relationship within the massive trucking and freight monitoring industry while allowing LBT to stay focused on its primary market of protecting family, pets, and personal belongings,” said Desiree Mejia, COO of Location Based Technologies. “In this way we leverage a vast vertical market and channel partner by applying our cutting edge PocketFinder Network™ with a hardware application to revolutionize the trucking industry. By partnering with LoadRack, we anticipate sales to exceed $12,500,000 during the first twelve months from launch.”

Due to an overwhelming need in the trucking industry for a reliable asset tracking application, LBT’s solution allows users advanced technology to assist shippers, carriers and truck brokers to optimize resources and coordination by procuring available trucks and loads, while allowing for load visibility across the supply chain. The customized interface for the LoadRack solution can be accessed via the Internet, cell phone or landline to show its exact location in real time. In addition, the devices include several advanced features, such as allowing users to designate customizable zones or lanes which allow stakeholders to be notified when a device leaves or enters a zone, load temperature monitoring, route changes and the ability to manage time delays. By combining the PocketFinder® solution with the LoadRack™ software, load integrity, customer service and load visibility will enhance the procurement and delivery of all goods.

About, LLC

LoadRack ™ is the premier provider of truck and load matching, with an industry first real-time asset tracking application. Their advanced technology allows shippers, carriers, and truck brokers to optimize resources and coordination by procuring available trucks and loads, while ensuring load integrity across the supply chain. Accessed via Internet, cell phone, or landline, the system allows users to determine load location and status, designate safe and unsafe zones and lanes, monitor load temperatures, facilitate route changes, and effectively manage equipment problems and delays.

About Location Based Technologies

A publicly traded company (OTCBB:LBAS - News), Location Based Technologies designs and develops leading-edge personal locator devices and services that incorporate patented, proprietary technologies designed to enhance and enrich the way businesses and families interact globally. The company is headquartered in Anaheim, Calif. For more information, visit

(NNVC.ob) - NanoViricides, Inc. Signs Agreement With a Major Pharmaceutical Company

WEST HAVEN, Conn.--(BUSINESS WIRE)--NanoViricides, Inc. (OTC BB: NNVC.OB) (the "Company"), reported today that it has signed a Material Transfer Agreement with a major pharmaceutical company (“Party”). The Agreement initially entails evaluation of one of the Company’s nanoviricide drug candidates by an independent consultant chosen by the Party. This drug candidate has been designed to eradicate viral infections of the external eye, including those caused by adenovirus and herpes virus (“HSV”). It is the understanding of the Parties that, should the testing results be favorable, they will enter into good faith negotiations for a potential long-term, exclusive, worldwide licensing agreement for the development and commercialization of the drug.

“This agreement is the first step towards a potential licensing agreement,” said Eugene Seymour, MD, MPH, CEO of Nanoviricides, Inc, adding, “It clearly signals that our technology is now attracting serious attention from major Pharma companies.”

The terms of the Agreement do not allow the disclosure of the identity of the Party or the exact terms of the Agreement.

HSV and some adenoviruses cause most of the cases of keratitis, a serious infection of the cornea. Importantly, HSV infection can lead to corneal scarring that may necessitate corneal transplantation. In addition, some adenoviruses cause a majority of conjunctivitis cases (“pink eye”). The remaining cases of conjunctivitis, caused by bacteria, are treatable with topical antibiotics. Currently, there are no effective treatments for viral diseases of the exterior portion of the eye.

The Company has already demonstrated strong efficacy against an adenovirus-caused external eye disease called epidemic kerato-conjunctivitis (EKC). Rapid clinical improvement in the treated animals was reported by independent researchers who tested the effects of the nanoviricides drug candidate against adenoviral EKC. Based on computer modeling, the Company believes that the broad-spectrum nature of the ligand used in this nanoviricide should enable it to be effective against HSV.

The total market for viral conjunctivitis is estimated to be in the billions of dollars. The incidence of severe herpes keratitis is estimated to be 250,000 cases per year in the USA. In Japan, where EKC is a reportable disease, it is estimated that there are at least one million cases per year. The number of cases of non-specific conjunctivitis (pink eye) is considered to be far greater, possibly into tens of millions in the US, and into hundreds of millions worldwide.

About NanoViricides:

NanoViricides, Inc. ( is a development stage company that is creating special purpose nanomaterials for viral therapy. The Company's novel nanoviricide™ class of drug candidates are designed to specifically attack enveloped virus particles and to dismantle them. The Company is developing drugs against a number of viral diseases including H5N1 bird flu, seasonal Influenza, HIV, EKC, Hepatitis C, Rabies, Dengue fever, and Ebola virus, among others.