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NutriPure Beverages, Inc. (Pink Sheets: NUBV) (January 17, 2008) has officially changed its name from Liberty Diversified Holdings, Inc. to NutriPure Beverages, Inc. and is now trading under a new stock symbol effective January 17, 2008. These changes were made as a direct result of the company's recent acquisition of 100% of the assets of XND Technologies, Inc. and further represents NutriPure's full commitment to the premium enhanced bottled water industry.
On December 11, 2007 Liberty Diversified Holdings, Inc. acquired the assets of XND in exchange for stock and no cash was involved in the acquisition. As a result of the transaction, controlling interest in Liberty passed to the stockholders of XND and the company immediately applied for its new name and symbol. Within the past few weeks the company has moved swiftly to position itself in the highly lucrative premium bottled water industry and has released several important announcements including an extensive and very favorable consumer qualitative study of its flagship Nu20 products, final arrangements for securing a production and pilot plant facility, the addition of an additional scientist to its scientific team, and the selection of an advertising/public relations firm to handle its initial marketing and branding campaign.
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DealerAdvance, Inc. (OTCBB: DLAV ) (January 17, 2008) announced today that the Company entered into a Letter of Intent to acquire a compatible private company with significant revenue that will enhance every aspect of DealerAdvance. In his announcement today before analysts, an excited Steven Humphries, CEO said, "We have identified a company operating in the automotive software space that compliments our WebDA product. We have come a long way on our own; however this acquisition will surely position our company as the leader in its field. The acquisition will add over 150 clients to our expanding client base."
The due diligence phase should be completed within 30 days and with capital resources already committed, the company is hopeful to be able to complete the acquisition within 90-120 days.
DealerAdvance CFO, David Wange said, "We believe that if we are able to complete this transaction we would be profitable by the end of 2008. Packaging the software of both companies for the benefit of both companies' clients is consolidation at its best." DealerAdvance will be debuting its new hand-held CRM product WebDA at the NADA Exposition and Convention February 9th through 11th in San Francisco. The new hand-held product has been adapted to the Nokia 800 Tablet PC and is the only automotive CRM with a hand-held application.
WebDA is the next generation of DLAV's "CRM" application. The system is web based and is available at a fraction of the cost of the original Dealer Advance system. According to Humphries dealers that have utilized the original DealerAdvance system, it has shown a 90% increase in captured customer data and a 30% increase in appointment setting.
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BioSolar(TM), Inc. (OTCBB: BSRC) (January 17, 2008) developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic solar cells, today reports that the company's backsheet material has passed the rigorous Damp Heat Test, moving the materials one step closer to Underwriters Laboratories (UL) certification.
As specified in UL testing protocol 1703, the Damp Heat Test ascertains the product's ability to withstand years of exposure in an outdoor environment without breaking down. This test subjects the material to 1000 hours at 85 degrees and 85% humidity. The test was successfully completed on January 16, 2008. UL 1703 is a comprehensive series of tests for photovoltaic modules. These tests are time consuming, and all requirements must be satisfied.
As detailed previously, SBM Solar of Concord, NC, a strategic partner of BioSolar, is in the final process of obtaining UL certification for their all polymer packaged PV module. Upon receiving their UL certification, SBM will submit additional modules to Underwriters Laboratories for UL approval, changing their standard backsheet material to BioSolar's bio-based backsheet. By utilizing a complete photovoltaic module that has already received UL approval, and only replacing one component (the backsheet material), the company expects to "fast track" the approvals process.
While emphasizing the grueling nature of the UL approval process, Dr. David Lee, BioSolar's President and Chief Executive Officer, provided additional insight into BioSolar's approach to the company's "fast track" process saying, "UL approval is an extremely demanding process. It can take years and hundreds of thousands of dollars to obtain UL approval for a photovoltaic module. Our 'fast track' process is expected to dramatically shorten the time it takes for the first solar module maker, our partner SBM Solar, to obtain UL approval with our backsheet."
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Gran Tierra Energy Inc. (OTCBB: GTRE) (January 15, 2008) Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, today announced that it has successfully completed the drilling of the Costayaco-2 well in the Putumayo Basin of Colombia and has initiated preparations for testing the primary hydrocarbon reservoirs encountered.
Costayaco-2 is the second well to be drilled in the Costayaco field, an oil field discovered in the Chaza Block in the second quarter of 2007. The well is located 560 meters northeast of the Costayaco-1 discovery well. Drilling of Costayaco-2 was initiated on December 6, 2007 and total measured depth of 8,600 feet was reached on January 2, 2008. The well bore has been cased and the Pride-17 drilling rig was released on January 8, 2008.
Production from Costayaco-1 has increased to approximately 3,500 gross barrels of oil per day (BOPD), or 1,580 BOPD net after royalty to Gran Tierra Energy, as a result of the commingling of two reservoir zones, the Caballos and the Villeta T sandstone reservoirs.
Crude oil production from Costayaco-1 is currently being trucked to new loading facilities in the existing pipeline infrastructure at Uchupayaco. Potential crude oil production from Costayaco-2 will also be trucked to the same facilities. Construction of an 11 kilometer 8 inch pipeline from the Costayaco field to Uchupayaco is expected to begin in mid-April. Upon completion mid-year, this pipeline will replace trucking operations.
The acquisition of a new 70 square kilometer 3-D seismic program over the Costayaco oil field has been completed. This data is currently being interpreted and will be used to assist with the positioning of future development drilling operations in the Costayaco field. Acquisition of 41 kilometers of new 2-D seismic data to define additional exploration potential in the Chaza Block has been initiated.
Gran Tierra Energy holds a 50% working interest and is the Operator of the Chaza Block. Solana Resources Limited holds the remaining 50% working interest. The Chaza Block is subject to the new and fiscally attractive Agencia Nacional de Hidrocarburos royalty/tax contract which includes no additional state participation.
"The continued exceptional production performance of Costayaco-1 combined with the early positive drilling results from Costayaco-2, the pending initiation of drilling of Costayaco-3 and integration of results with the new 3-D seismic data all bode well for efficiently delineating the reserve and production potential of the Costayaco field, allowing us to plan a full field development, including additional drilling, facilities and pipeline to handle new production as appropriate through 2008," stated Dana Coffield, President and Chief Executive Officer of Gran Tierra Energy Inc.
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