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Budget Waste Inc. (Pink Sheet: BDGW) (February 25th, 2008) today released further information addressing the common operations BWI shares with Broadband Communication Services Inc. (BBCS).
Due to the large number of inquiries from shareholders and potential shareholders regarding the LOI with BBCS and the reasoning for this potential acquisition, BWI has released the following information.
BBCS is currently involved in underground construction operations with multiple clients and has operations in several States. These operations frequently involve hydro vac construction and vacuum truck services. BWI is also currently involved in hydro vac and vacuum truck operations throughout its service area. Expansion into BBCS's current service area would give BWI an instant foothold into the US and possibly into South America.
While BBCS does not currently operate Waste and Recycling services they are involved in the construction industry, an area in which BWI has vast experience, providing waste hauling, recycling, portable sanitation services and site security (temporary fencing). The potential for vertical integration involving these services can likely have a very positive effect on the organic growth of BWI. Additionally the potential addition of operations and clients from BBCS will benefit BWI not only by providing an increased customer base, but also by diversifying its operations BWI will reduce the impact of economic fluctuations among different markets.
Budget Waste Inc. is a waste solutions company in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. With our broad range of innovative services we offer our customers more value for their dollar and reduce accounting costs by providing streamlined billing. BWI is currently following its growth through acquisition strategy with exceptional success. With regulations throughout North America pressing companies and individuals to be more vigilant in the way they handle their waste products we see vast opportunity for expansion of our distinctive services. We are confident that Extraordinary growth and focus on customer needs will bring our stockholders outstanding value for the confidence they have placed in BWI.
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Gold Resource Corporation (OTC BB: GORO) (February 26th, 2008) is pleased to report discovery of a new area of high-grade gold mineralization returning 1 meter of 48.3 g/t gold (1.55 oz/tonne gold) within 3 meters of 77.33 g/t (2.49 oz/tonne) gold equivalent (AuEq). Assays for the entire hole have not yet been received. This new area, called "El Arroyo", was drilled to test the second geomagnetic anomaly located southeast of the La Arista high-grade vein deposit which itself was coincident with the first geomagnetic anomaly. El Arroyo and La Arista are part of GRC's El Aguila Project in the southern state of Oaxaca, Mexico. The El Aguila Project is targeting gold production the second half of 2008 subject to timely obtaining the balance of the required permits and regulatory approvals and subject to equipment delivery schedules.
Gold Resource Corporation's president, William W. Reid stated, "It is very exciting for the first drill hole into this major, second magnetic anomaly to return one of the highest gold intercepts at the El Aguila Project. The first magnetic anomaly (see Nov. 13, 2007 press release) was found to be coincident with our most extensively mineralized area to date, La Arista. Now, drilling the second magnetic anomaly has resulted in these excellent high-grade gold and silver values. The success of these first two anomalies certainly gives the other, similarly strong, magnetic anomalies, interpreted by Zonge Engineering (see map), exploration significance and makes them priority targets."
The new El Arroyo area is 200 meters east southeast of the El Aire / La Arista area and becomes the most south-eastern mineralized area discovered to date along this important San Jose structural corridor. The San Jose structural corridor, which trends north 70 west, runs 4 kilometers through the El Aguila Project. GRC's El Aguila open pit deposit is located along this structure two kilometers northwest of the El Aire and La Arista deposits. The San Jose structural corridor is believed to be the main feeder zone for the deposits discovered to date at the El Aguila Project and the majority of this 4 kilometer structure has not yet been drilled.
The present drill program will continue to focus on and define the La Arista deposit's three high-grade parallel veins but will also target expanding the El Arroyo mineralization.
Mr. Reid continued, "We are pleased to have discovered, with Hole 108002, a new, high-grade gold area along the San Jose structural corridor with the help of our geophysical survey. With the El Aguila Project's three high grade deposits drilled to date, with the historically high prices for gold and silver, and with a schedule to be producing gold and silver in the second half of 2008, we believe Gold Resource Corporation presents a special opportunity for the gold investor. Gold Resource Corporation is on target to emerge as a low cost gold producer in 2008."
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e-SMART Technologies, Inc. (Pink Sheets: ESMT) (February 26th, 2008), with its parent company, IVI Smart Technologies, Inc., ("e-SMART" or the "Company") is pleased to announce that it has executed a contract with the Samsung S1 Corporation, (part of the Samsung family of companies) to deliver to Samsung 20 million "I AM"(TM) cards, the Company's most advanced Super SMART(TM) Card.
Pursuant to the contract, Samsung S1 shall make an irrevocable purchase order for each order and shall pay the full amount in cash to e-SMART within 30 days of the placement of each order. e-SMART will deliver 20 million "I AM"(TM) Super SMART(TM) Cards over a two year period to Samsung S1. Deliveries of the first order of 10 million cards are planned to begin in June 2008 and continue through March 1st 2009, with the orders of the second 10 million delivered over the following 12 months. Although it is too early to predict exact profitability, the Company believes the Samsung orders may produce profits in excess of $100 million. As announced in previous press releases, it is the Company's intention to move in the immediate future to the Bulletin Board, followed by a move to the NASDAQ or the American Stock Exchange as soon as possible.
Mary Grace, CEO of e-SMART said, "We are pleased to announce this contract, which we believe is the largest order of its kind placed in the world to date for a biometric smart card such as e-SMART's "I AM"(TM) card. As Samsung is one of the leaders in smart card technology in the world, this contract confirms their opinion of the uniqueness and value of e-SMART's "I AM"(TM) Super SMART Cards(TM). The contract order is renewable and I anticipate that this is the first of a series of orders for our advanced "I AM"(TM) card, not only for Samsung and Korea but for many more countries with whom we have been closely working with over the last year."
Samsung S1 is a leading manufacturer and provider of advanced smart cards in the world, offering security solutions in as diverse arenas as crime and fire prevention to information and communication services. As a leader in the digital era, the Samsung S1 Corporation is uniquely focused on the ever increasing need for advanced smart cards, communication security and mobile security as well, with a special focus on providing a single smart card with a variety of applications, including but not limited to security cards, credit cards, transportation cards, e-money, medical cards and PC security.
e-SMART Technologies, Inc., is the exclusive supplier of the Biometric Verification Security(TM) (BVS2(TM)) system, the "I AM"(TM) card and the Super SMART Card(TM) system and related system technologies for Asia, Africa and the U.S., which e-SMART believes to be the world's first smartcard of its kind with an on-card sensor and a full match on-card system and other unique technologies for secure biometric ID verification. e-SMART's next generation technologies allow governments, public and private institutions, healthcare providers and insurers, companies large and small, to provide a superior level of protection. The "I AM"(TM) card, Super SMART Card(TM) system and BVS2(TM) security system can aid countries in preventing criminal and terrorist threats, ID and payment fraud, and identity theft in connection with physical and logical access and financial transactions, including telephone, Internet payment and other financial and data related transactions all while protecting individual privacy.
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Synthetic Blood International, Inc. (OTCBB: SYBD) (February 26th, 2008) today announced that The United States Department of Defense (DoD) has approved the award of a $1.9 million grant to M. Ross Bullock, M.D., Ph.D., of the University of Miami Miller School of Medicine, Department of Neurosurgery and principal investigator for the Company's planned Phase IIb clinical trial with Oxycyte for the treatment of traumatic brain injury (TBI). Oxycyte is the Company's perfluorocarbon (PFC) therapeutic oxygen carrier and blood substitute.
"With this grant, we will be able to double our planned enrollment in the Phase IIb trial to 200 TBI patients, providing a larger statistical basis for evaluating Oxycyte's effectiveness as a treatment in this indication," stated Dr Bullock, who was a principal investigator in Synthetic Blood's Phase IIa pilot study in TBI and currently serves as Co-Chairman of the Company's Scientific Advisory Board. "We are scheduled to commence the double-blind, placebo-controlled Phase IIb trial in April of this year."
"If results from the Phase IIb clinical trial in this larger patient population are similar to those of our small Phase IIa pilot study, and with the support of the DoD, we may be able to accelerate Oxycyte's market approval," stated Robert Larsen, Interim President and CEO of Synthetic Blood. "If successful, this study should have a significant impact on arresting the advancement of brain damage in these patients and result in a one-shot emergency room treatment that could be used for all brain-injured patients."
Positive data from the Oxycyte pilot study in TBI patients demonstrated that Oxycyte was more effective in increasing brain oxygen tension levels and impacting other brain chemistries that contribute to favorable clinical outcomes in TBI patients than breathing either 100 percent or 50 percent oxygen.
About 12,000 coalition troops have been injured in the global war on terror, and severe TBI has been termed "the signature injury" in this conflict, noting that TBI is often accompanied by multiple additional injuries as a result of improvised explosive devices (IEDs) or shrapnel. Importantly, TBI is the largest cause of death and severe disability among persons under the age of 40 in the U.S., as well as worldwide. Most TBI victims die or remain severely disabled due to inadequate early cerebral oxygenation or perfusion, which are always present around focal injuries.
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