Turning Pennies into dollars: (NASDAQ: GIVN), (OTCBB: EPAZ), (PINKSHEETS: AMGG), (OTCBB: VYEY).
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Given Imaging (NASDAQ: GIVN)(February 27, 2008) announced yesterday that Yuval Yanai, Chief Financial Officer, will present at the Susquehanna Financial Group Second Annual SIGnificant Options in Healthcare Conference taking place March 4-5, 2008 in New York City. Mr. Yanai's presentation is scheduled for Wednesday, March 5 at 10:30 am ET.
To access a live webcast of this presentation, visit www.givenimaging.com and click 'About Given Imaging.' The webcast will be available in the Investor Relations section. A replay will be available for two weeks at the above-referenced website.
About Given Imaging Ltd.
Given Imaging is redefining gastrointestinal diagnosis by developing, producing and marketing innovative, patient-friendly products for detecting gastrointestinal disorders. The company's technology platform is the PillCam Platform, featuring the PillCam video capsule, a disposable, miniature video camera contained in a capsule, which is ingested by the patient, a sensor array, data recorder and RAPID software. Given Imaging has a number of available capsules: the PillCam SB video capsule to visualize the entire small intestine which is currently marketed in the United States and in more than 60 other countries; the PillCam ESO video capsule to visualize the esophagus; the Agile patency capsule to determine the free passage of the PillCam capsule in the GI tract and the PillCam COLON video capsule to visualize the colon that has been cleared for marketing in the European Union. More than 650,000 patients worldwide have benefited from the PillCam capsule endoscopy procedure. Given Imaging's headquarters, manufacturing and R&D facilities are located in Yoqneam, Israel. It has operating subsidiary companies in the United States, Germany, France, Japan and Australia. Given Imaging's largest shareholders include Elron Electronic Industries (NASDAQ & TASE: ELRN). For more information, visit http://www.givenimaging.com.
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Epazz, Inc. (OTCBB: EPAZ) (February 27, 2008) announced yesterday that it has signed a nonbinding Letter of Intent to acquire two well established proprietary office efficiency software companies based in Chicago, Illinois. The acquisition is expected to be completed in the second quarter of 2008, subject to due diligence, execution of a definitive agreement, and other closing conditions, funding permitting, of which there can be no assurance.
The target companies have a history of positive cash flows and profitability. Epazz believes that the software is truly unique and that there are only a few competitors that have such an all-encompassing suite of software in their target market. The target companies had a total of approximately $580,000 in revenues for the year ended December 31, 2006.
Epazz, Inc., CEO Shaun Passley stated, "These acquisitions provide a solid customer base of Fortune 500 companies, opening up numerous opportunities to cross sell customers on Epazz's BoxesOS." These acquisitions are part of the Company's long term strategic growth plan to acquire profitable B2B software companies. The Letter of Intent provides for a purchase price of approximately $420,000, of which Epazz believes that it has commitments for approximately $200,000, and the remainder of which, Epazz plans to borrow in the future, which funds Epazz does not currently have on hand, and which Epazz will need to raise prior to being able to complete the acquisitions. Epazz is also in negotiations to acquire several other B2B software companies; however, Epazz has not entered into any Letters of Intent for the purchase of such companies and these future acquisitions will be dependent on several other factors, including the company's ability to raise additional capital, of which there can be no assurance.
About Epazz
Epazz Inc. is an enterprise-wide software company that specializes in providing customized web applications to the corporate world, higher education institutions and the public sector.
Epazz BoxesOSv3.0 is the complete business web-based software package for small to mid size businesses, Fortune 500 enterprises, government agencies and higher education institutions. BoxesOS provides many of the web-based applications organizations would have to buy separately.
BoxesOS allows for employees to view announcements online. Employees are able to share documents from multiple locations throughout the world. With BoxesOS employees are able to take training courses and their supervisors are able to view the results online. Companies are able to create self-service portals for their customers to pay for their invoice and download instructions. Companies can also create self-service portals for their partners to request new marketing materials or view a demo. BoxesOS connects to companies' databases to easily bring all of their information together.
BoxesOS includes an intranet, portal, extranet, central knowledge repository, document management, workflow engine, website management, web collaboration, email system, and learning management system into one complete web-based solution which connects to organizations' backend systems.
BoxesOS allows the organization to start-up by implementing elegant web-enabled information dashboards for each stakeholder group. Functionality with administrative systems can be swiftly completed using BoxesOS connectors to other back-end systems. Business applications that require upgrading can be upgraded on a prioritized basis as desired, and easily linked to BoxesOS and its personal information system.
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American Green Group, Inc. (PINKSHEETS: AMGG)(February 27, 2008), formerly Regions Oil and Gas (PINKSHEETS: RGNO) (the "Company") announced earlier today that effective February 27, 2008, the Company will have a new trading symbol for its common stock on the Pink Sheets which will be "AMGG"(PINKSHEETS: AMGG). In addition, the Company is announcing a 500:1 reverse stock split of its common stock, with fractional shares being paid in cash, effective on the same date.
About American Green Group, Inc.
American Green Group, Inc. is a holding company with a strategy seeking to aggregate various business models to operate and enhance for sale or to participate in its subsidiaries becoming fully reporting companies and move to the OTCBB.
In January, the Company acquired American Energy Savers ("AES") of New Haven, CT, a family owned and operated business that prides itself on customer satisfaction. Since 1985, AES has offered its customers cutting edge products with superior workmanship. AES is one of the leading contractors for the state of Connecticut's energy conservation programs and has also participated in many projects for Yale School of Architecture. It has contracts with projected revenues exceeding 2 million dollars with an expectation of a 20% increase over 2007.
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Victory Energy Corporation (OTCBB: VYEY)(February 27, 2008) announced yesterday the first gas well the Corporation drilled in the Adams-Baggett Canyon Sandstone gas field in Crockett County, Texas has been brought online today.
Victory's newest gas well is producing from the Canyon Sandstone gas zone. On Sunday the gas well began flowing gas to surface on its own. The well stabilized after 24 hours of sustained flow and was tied into the gas production transportation line. Sales of the gas into the market started immediately. The single point flow test has been scheduled with Fesco and actual production rates should be known by March 4.
"We are anticipating a strong production rate from this well based on its 25% higher tubing pressure than the average Canyon Sandstone gas well," stated Jon Fullenkamp, President of Victory Energy Corporation.
About Victory Energy Corporation:
Victory Energy Corporation (http://www.victoryenergyoilandgas.com) is a publicly traded, developmental stage petroleum company primarily dedicated to energy-related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry.
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