Turning Pennies into dollars: (OTCBB:JADG), (OTCBB:DLAV), (OTCBB:GRXI)
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Feb 27, 2008 -- Jade Art Group Inc. (OTCBB: JADG) announced today that Jiangxi SheTai Jade Industrial Co., Ltd. ("JST"), its wholly-owned subsidiary and owner of 90% of the distribution rights for the SheTai Jade mine, one of the largest jade mines in China by reserves, signed a sales agreement for the distribution of raw jade to QuanZhou TianXiaHuiCui Jade Company Ltd. ("QZTX").
The agreement commits QZTX to purchase a total of 3,500 tons of raw jade of various qualities from JST for US$11.2 million over the next year. QZTX is responsible for shipping of the raw jade material, as well as any associated costs. JST will receive 30% of the contracted value of each shipment before delivery, with the balance paid upon final inspection and approval by QZTZ. JST's performance is subject to risks of delay, stoppage or other production difficulties associated with a third-party supplier of raw jade that are outside its control.
Through this agreement, QZTX will be purchasing SheTai Jade. SheTai Jade is sourced through JST's exclusive distribution right agreement with Wulateqianqi XiKai Mining Co., Ltd. ("XiKai"), enabling JST to sell 90% of the raw jade material produced from XiKai's SheTai Jade mine for the next 50 years. The SheTai Jade mine's reserves are unique, in that they include some of the oldest (formed approximately 1.8 billion - 2.4 billion years ago) jade ore found in China and are considered to be of the highest quality in terms of rigidity and relative size of its pieces. SheTai Jade is as hard as quartz, with a degree of hardness between 7.1 and 7.3 on the Mohs scale, which is much higher than that of most jade. In addition, SheTai Jade is abrasion resistant, smooth and highly reflective. The green is pure and the gems are translucent, with a glassy luster. Due to its characteristics, SheTai Jade has a broad spectrum of applications. It can be used in commercial construction, decorative jade artwork, as well as intricately carved jade jewelry.
Hua-Cai Song, CEO of Jade Art Group, remarked, "Jade Art Group has developed quickly over the past several months. By signing our distribution right agreement with XiKai, we are guaranteed a stable and long-term jade supply of 40,000 tons per year at an attractive price. Jade Art Group's four sales agreements to-date are worth a total of US$23.1 million. We are confident that the increasing popularity of SheTai Jade will facilitate our further expansion in China's jade industry."
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Feb 27, 2008 -- DealerAdvance(TM), Inc. (OTCBB:DLAV) announced today that the company has signed a Distribution Agreement with Hi Octane Solutions for representation in Michigan, Ohio, Indiana, Arizona, New Mexico and Colorado. Company CEO, Steve Humphries, projects as much as $2 million in sales in the next 12-18 months as a result of this Distribution Agreement. Meetings at the NADA Convention in San Francisco this month have spurred negotiations with automotive product distributors exposing the company's hand-held WebDA product to potentially thousands of new car dealers across the USA.
Steven Humphries, DealerAdvance(TM) CEO said, "We came away from an extremely successful NADA meeting which has opened the doors for the Company to access thousands of dealerships." Humphries added, "This is the first of several agreements that are expected to be signed in the next 30-60 days and we expect that WebDA(TM) will quickly attain a dominant position in the CRM automotive market place."
High Octane President & CEO Jeremy Gould commented, "We are very excited about offering the WebDA hand-held product to our dealer network. Our sales group is highly impressed with the new WebDA(TM) hand-held product we saw at the NADA show, we are now going to represent this CRM product exclusively and expect to bring on-line 30-50 dealerships."
WebDA(TM) is the newest iteration of DLAV's hand-held "CRM" application. The new hand-held application allows sales people and dealers to access their sales operation (daily appointments set, deals pending, deals closed, demos, individual work plans, etc.) on or off the lot - which allows management to view hour-by-hour activities of the dealership from virtually anywhere at anytime. According to Humphries, it's accountability at its best. Dealers that have utilized the original DealerAdvance(TM) system have shown a 90% increase in captured customer data and a 30% increase in appointment setting. The new hand-held application will have and even greater impact on sales. "It's all about sales," says Humphries. "Theirs and ours."
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Feb 27, 2008 -- GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that the company has entered into a three-year consulting agreement with Sustainable Tourism Development International Pty Ltd. (STDI), an Australian company that has designed and developed sustainability portal technologies services related to travel and tourism, as well as the means of undertaking carbon measurement for travelers, firms and destinations and developing climate sensitive policies, strategies and actions for companies and destinations.
A recently filed Form 8-K reported that GTREX Capital has purchased a total of 85% Green Globe, Ltd. (U.K.) through a securities purchase and share exchange agreement with two principal shareholders and one minority shareholder. GTREX Capital expects to purchase the remaining 15% of Green Globe, Ltd. (UK), which would be positioned as a wholly owned subsidiary of GTREX Capital, Inc.
The sustainability portal technologies purchased from STDI are expected to be utilized by GTREX Capital's Global Travel Exchange subsidiary to apply to its travel distribution technology in new business opportunities related to the Green Globe initiative. Since a significant focus of Green Globe's program will be oriented toward solutions that help countries, communities, companies and consumers respond to climate change, the purchase of intellectual property rights are directly tied to the start up of a new Global Travel Exchange initiative that will utilize certain of these intellectual properties.
STDI, with its expertise in sustainability and climate science, is considered by GTREX Capital a highly valuable resource for consulting regarding marketing and promoting newly developed products and technologies to countless tourism stakeholders around the world, and for discovering new business opportunities, which contribute to the mission and goals of GTREX and its Green Globe, Ltd. subsidiary.
Over the last 15 years, this green movement has spread around the entire world and has become known as sustainable development. During this period, the concept of "triple bottom line" sustainable development has emerged -- covering environment, economic and social elements. However, during the past 2 years, the entire field has shifted to add a fourth element -- climate change. This thinking has become a mainstream component of government policy and regulation at a global, national and local level. It has also become the core component of corporate social responsibility.
A key element in this new global approach is the role of the United Nations World Tourism Organization (UNWTO) and its climate, environment, ethics and poverty frameworks. Green Globe's programs, utilizing many of the intellectual properties acquired from STDI, as well as its consulting services, will reflect these approaches.
"We are very pleased to announce our consulting agreement with STDI, headed by our new Board member, Dr. Terry De Lacy," said Steven R. Peacock, interim president/chief executive officer of GTREX Capital. "Professor De Lacy and the team at STDI have considerable experience with products developed in the public sector and introduced into commercial applications, and we look forward to introducing the entire team and its services to our shareholders and the U.S. public markets."
"We intend to develop Green Globe as a world leader in technologies and related products that assist countries, communities, companies and consumers respond proactively to global climate change. STDI technologies are expected to provide many of the intellectual properties that will do just that," Mr. Peacock added.
Dr. De Lacy coordinated the development of the Green Globe programs, which are being used in over 50 countries to measure and encourage the sustainability performance of tourism businesses and destinations.
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