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AmeriResource Technologies, Inc. (OTCBB: ARRT), a diversified holding company announced earlier today that its revenues (unaudited) for its subsidiaries, BizAuctions, Inc., AuctionWagon Inc., and RoboServer Systems Corp., for the quarter ending December 31, 2007, has increased approximately 363%.
AmeriResource is a diversified holding company with headquarters in Las Vegas, Nevada. It operates BizAuctions, Inc., AuctionWagon Inc., RoboServer Systems Corp., and VoIPCOM USA, Inc., as operating subsidiaries. For more information on the Company and its operating subsidiaries, please see the Company's website at http://www.ameriresourcetechnologies.com.
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Cavium Networks (NASDAQ: CAVM), a leading provider of highly integrated semiconductor products that enable intelligent processing for networking, communications, storage and security applications, earlier today announced that Art Chadwick, Vice President Finance & Administration and CFO, will present at the 10th Annual Needham & Co. Growth Stock Conference to be held at the New York Palace Hotel on Thursday, January 10, 2008 at 2:00 p.m. EST. The live web cast and replay of the presentation will be available on the investor relations page of the Cavium Networks website at www.caviumnetworks.com.
Cavium Networks is a leading provider of highly integrated semiconductor products that enable intelligent processing in networking, communications, storage and security applications. Cavium Networks offers a broad portfolio of integrated, software-compatible processors ranging in performance from 10 Mbps to 10 Gbps that enable secure, intelligent functionality in enterprise, data-center, broadband/consumer and access & service provider equipment. Cavium Networks processors are supported by ecosystem partners that provide operating systems, tool support, reference designs and other services. Cavium Networks principal offices are in Mountain View, CA with design team locations in California, Massachusetts and India. For more information, please visit: http://www.caviumnetworks.com.
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Alpine TLI Group, Inc. (PINKSHEETS: APGR), a full service tax lien and tax deed purchase, research, and property management company, announced earlier today its implementation of newly developed proprietary research and analysis methods designed to capitalize on the increasing tax lien and tax deed industries. Alpine specializes in locating desirable liened properties that when redeemed, yield higher than current market interest rates. In addition, Alpine is continuing to develop and perfect methods to increase the percent of properties that don't redeem, which yield very high returns where properties would be acquired free and clear of all encumbrances for as little as 1% to 20% of market value.
M. Taylor Abegg, II, Chief Executive Officer of Alpine TLI Group, Inc., stated, "Our business model creates a well needed conduit through which counties and local municipalities can collect delinquent tax revenue to fund important and essential community services, while yielding a highly leveraged return for Alpine. We are operating in a hundred-year-old industry that offers a government mandated return well above other investment opportunities, or if the taxes are not paid on the property during a specified period of time, deed to the property is received, free and clear for a fraction of its market value."
ALPINE TLI GROUP, Inc. is a full service tax lien and tax deed purchase, research, and property management company. Alpine specializes in identifying and researching properties that have the propensity of creating a highly leveraged investment opportunity through the purchase of real estate tax lien certificates and tax deeds.
It is estimated that over $10 Billion in property tax liens are offered for sale annually representing over $1 Trillion in potential property value profits for the purchasers of these tax liens. Tax lien certificates are typically acquired by Alpine for 1% to 20% of the property value. If the lien is redeemed by the property owner, a return of 4% to 25% APR is realized by Alpine. If the lien is not redeemed, the deed to the property is granted to Alpine, free and clear of all encumbrances.
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Pilgrim Petroleum Corporation (PINKSHEETS: PGPM) (FRANKFURT: PHV), an independent oil and gas exploration and production company, announced earlier today it has signed a Letter of Intent to acquire a 70% working interest in 8000 acres on Wilbarger County in Texas. This property has a history of great production and significant reserves. The Palo Duro Basin is located in the Texas Panhandle district and is bound on the north by the Amarillo-Wichita Uplift in Oklahoma, to the south by the Matador Arch-Permian Basin in West Texas. The Palo Duro Basin prospect, which is currently being evaluated for further development, has been compared to the Barnett Shale discovery. Barnett Shale is estimated to contain some 30 trillion cubic feet of natural gas. Management believes Palo Duro could prove to be one of the largest natural gas deposits in North America.
Rafael Pinedo, Pilgrim Petroleum CEO-President, said, "A big step for Pilgrim recognizing how difficult it is to find a good property with the current oil prices, we will focus on large-scale oil and gas projects with significant resource potential and continue to acquire properties and bring our wells on line throughout 2008 in order to increase our residual revenue." Currently, Pilgrim Petroleum has modest levels of production from this area. In addition, the board of the directors is currently reviewing additional dividend options for holders of common stock and new additions to management.
Pilgrim Petroleum Corporation (PINKSHEETS: PGPM) (FRANKFURT: PHV) is an independent oil and gas company based in Irving, Texas. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests primarily on marginal fields. Once acquired, the company intends to redevelop each property to maximize the income from each property by refurbishing and improving the existing production.
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Perihelion Global (PINKSHEETS: PHGI) earlier today announced that the company has executed a formal 5 year agreement with Petroleum Distributor Crew Distributing Co., Inc. to purchase, distribute and market Biodiesel from the company's Opp, Alabama Biofuel Refinery.
The 5 year Purchase, Distribution & Marketing agreement calls for Crew Distributing to purchase the permitted production capacity of (currently permitted for approximately 3 Million Gallons annually) Perihelion's Opp Refinery. Additionally, Crew Distributing has secured a first right of purchase, distribution and marketing option on all increases in production capacity for the Opp Refinery. The Opp Refinery is planned to have annual production of 60 Million gallons per year with the Phase Two addition.
The new 5 year Purchase, Distribution and Marketing agreement greatly expands on the previously announced Letter of Intent for Crew Distributing to purchase 1.2 million gallons of Biodiesel from Perihelion. Under the formal agreement that is being announced today, Crew Distributing will also provide logistical transport, distribution, marketing and additional storage capacity and for all Biofuel produced at the Opp Refinery.
With over 30 years experience, Crew Distributing, Co., Inc. is a major oil company distributor, operates a fleet of tanker trucks and is licensed, bonded and insured to distribute petroleum fuels, chemicals and lubricants in the Southeastern United States to portions of Alabama, Georgia, Mississippi and Florida. Crew Distributing also owns and operates several major oil company branded retail gas stations.
"We are very excited to announce this formal agreement with Crew Distributing to our shareholders," stated John H. Beebe, Chairman, Chief Executive Officer & President of Perihelion Global. "Crew Distributing's decades of experience combined with their existing distribution capability, infrastructure and sterling reputation makes an ideal partnership for our company." The company continues to receive numerous employment inquires for the Opp Biofuel Refinery. Employment information is available on the Opp, Alabama Chamber of Commerce website at http://www.oppchamber.com All parties interested in employment opportunities with Perihelion are reminded that resumes may be submitted to employment@perihelion.com for consideration (in Microsoft Word format).
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