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Mammoth Energy Group, Inc. (PINKSHEETS: MMTE) Febuary 5th, 2008-- Mammoth Energy Group, Inc. (PINKSHEETS: MMTE) proudly announces that Dewayne C. Green joins the Mammoth Energy Group advisory board.
With more than forty-five years of oil and gas industry experience Mr. Green brings a wealth of experience to our projects. Experienced in all aspects of the industry, Mr. Green began working drilling rigs in 1957. He expanded both his knowledge and experience of the oil business throughout West Virginia, southern Ohio and Kentucky.
Mr. Green acquired his first oil and gas wells in West Virginia in 1968, becoming first a well owner and later a producer and contractor. Mr. Green founded an oil company that he took public in 1969. After selling out his well ownership in 1970, Mr. Green sat on the board of the aforementioned public oil and gas company and continued drilling as a contractor with four rigs of his own through 1975.
Continuing as an oil and gas operator in another public company, Mr. Green drilled and produced wells throughout the mid-continent area of East Texas, Oklahoma, Kansas, and along the Appalachians.
With personal experience of completing some 300 wells, Mr. Green has since maintained a continuous presence in the industry through his consultancy work.
"A man of his experience and caliber will take Mammoth Energy in the direction that will make us a premier oil and gas company," President Joe Overcash stated.
Mr. Green's "hands on" background enables him to make critical decisions in the field based on his sound cost control background, very necessary in a small company environment. These things are all part of his past experience. In short, he has "been there and done that." "He will take our company to the next level with his expertise that has become second nature to him," added Overcash, "We are looking forward to working with him and having him as part of the Mammoth Energy team." About Mammoth Energy Group, Inc.
Mammoth, through its wholly owned subsidiary, United Gas OK, Inc. is focused on developing shallow gas projects in northeastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. It is currently focused on developing its Noble and Kay County properties in Oklahoma that covers approximately 1,400 acres.
More information is available at the company's website at www.mammothenergygroup.net
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Whitney Information Network, Inc. (PinkSheets: RUSS)
Febuary 5th, 2008-- Whitney Information Network, Inc. (Pink Sheets:RUSS) is pleased to announce the appointment of Mr. Steven C. Barre and Mr. Wallace Timmeny to serve on the Company's Board of Directors effective February 1, 2008.
Mr. Barre was the Senior Vice President, General Counsel and Secretary of Jacuzzi Brands, Inc. until February 2007, when the company was sold to Apollo Management LLC, a major private equity firm. Jacuzzi was a New York Stock Exchange company with revenues of $1.3 billion. A key member of the Jacuzzi Brands management team, Mr. Barre was the point man in executing the company's debt restructuring in 2001 and the resulting disposition program from 2002 to 2005. These successful restructuring and sale transactions refocused the operations and reduced debt, and laid the groundwork for the Apollo merger in 2006/2007. He had a major role in developing the turn-around strategy, which resulted in a five-fold increase in share price. Mr. Barre graduated from Cornell University in 1981 and Columbia Law School in 1984, and is a member of the bar of the State of New York. He lives in Juno Beach, Florida.
Mr. Timmeny is a 14-year veteran of the Securities and Exchange Commission, serving in various capacities including Deputy Director, Enforcement Division. He entered private practice in Washington, D.C. from 1979-2007, and was a partner at Dechert, LLP for the last six years. Mr. Timmeny retired in 2007 and currently serves on various boards, including Friedman, Billings & Ramsey Group, Inc. and Waste Services, Inc. The committee positions Mr. Timmeny has held include Audit Committee Chair, Compensation Committee Chair, Risk Committee Chair, and Governance Committee Chair. Mr. Timmeny has also served as an adjunct professor at Georgetown University School of Law, American University School of Law, and George Mason School of Law.
With the additions of Mr. Barre and Mr. Timmeny, the Board of Directors now has a majority of independent directors.
"We are proud to welcome Steven and Wallace to the Board," said John Kane, President of Whitney Information Network, Inc. "Their collective experience in corporate finance, securities compliance and disclosure, and corporate governance will be invaluable as the Company moves through a time of positive transition. We continue to focus on providing outstanding education to students and value to our stockholders, and we look forward to the contribution Steven and Wallace will make to our organization."
About Whitney Information Network, Inc.:
Whitney Information Network, Inc. (Pink Sheets:RUSS) is a provider of postsecondary education focused on individual wealth creation and personal success. Whitney Information Network, Inc. provides students with comprehensive instruction and mentorship in real estate education and financial markets education in the United States, United Kingdom, Canada, Germany and Costa Rica. Additional information can be found at www.wincorporate.com.
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PAIVIS, CORP. ("PAIVIS") (OTCBB: PAVCE)
Febuary 5th, 2008-- TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH) and PAIVIS, CORP. ("PAIVIS") (OTCBB: PAVCE) today jointly announced their execution of a Amended and Restated Definitive Agreement and Plan of Merger (the "Merger Agreement") pursuant to which TRUSTCASH has agreed, through a wholly-owned subsidiary, to acquire 100% of the issued and outstanding common shares of PAIVIS, and PAIVIS has agreed, at the closing of the transaction, to become a wholly-owned subsidiary of TRUSTCASH. As consideration in the merger transaction, TRUSTCASH has agreed to pay $0.10/share in cash plus one share TRUSTCASH common stock for each common share held by PAIVIS shareholders.
Greg Moss, the Chief Executive Officer of TRUSTCASH, commented, "We are pleased to complete this amended Merger Agreement to the benefit of the shareholders. We believe Paivis is very important for this future of this company and we believe this new structure is not only simpler but very positive for all involved. We look forward to completing the next steps towards becoming one great company." Edwin Kwong, the Interim Chief Executive Officer of PAIVIS, commented further, "With the signing of the new Amended Merger Agreement we feel we have achieved a much simpler transaction that still provides quality value to our shareholders. We have said before, and still believe that the future of the combined corporations holds a lot of potential for value creation for our shareholders." The parties have agreed to use their best efforts to consummate the transaction by March 31, 2008, or as soon as practicable thereafter.
The Merger Agreement, which includes all details of the transaction, will be filed by TRUSTCASH and PAIVIS as an exhibit to a Current Report on Form 8-K with the U.S. Securities and Exchange Commission as required. The Merger Agreement contains certain conditions precedent to consummation of the merger and customary subjects, including but not limited to the audits of Paivis and its acquisitions being completed, financing being secured by Trustcash respective shareholder approval, obtaining consents, providing certified lists of shareholders and delivery of certain due diligence and other corporate documents.
About Trustcash Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card (both virtual and physical) that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 either online, through any of over 500 websites, or at over 50,000 retail locations in the United States via MoneyGram. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7-Eleven, and Chevron.
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IDM Pharma, Inc. (Nasdaq: IDMI) February 4th, 2008-- IDM Pharma, Inc. today announced the Journal of Clinical Oncology (JCO) has published findings from the Phase 3 mifamurtide (L-MTP-PE) clinical trial (INT-0133), entitled "Osteosarcoma: The Addition of Muramyl Tripeptide to Chemotherapy Improves Overall Survival - A Report from the Children's Oncology Group." The landmark clinical trial, which is the largest study completed in this disease was a National Cancer Institute (NCI) funded cooperative group study conducted by the Children's Oncology Group (COG).
The COG's findings were based on long-term follow up of 662 patients with newly diagnosed non-metastatic osteosarcoma treated in the Phase 3 trial and demonstrated that the addition of L-MTP-PE to chemotherapy following surgery resulted in statistically superior Overall Survival (OS) the first stated aim of the study.
In the past two decades, there have been no treatment advances for patients with osteosarcoma, a rare and often fatal bone tumor that typically affects children and young adults.
"L-MTP-PE in combination with chemotherapy has demonstrated a significant long-term overall survival advantage in the largest Phase 3 clinical trial completed in patients with osteosarcoma," said Dr. Paul Meyers, vice chair, department of pediatrics at Memorial Sloan-Kettering Cancer Center and principal investigator of the Phase 3 trial. "These results are encouraging for children and young adults with osteosarcoma, considering the lack of progress for these patients in the last 20 years." The JCO publication highlighting long-term follow up from this study formed the basis of the recent oral explanation to the Committee for Medicinal Products for Human Use (CHMP), the scientific committee of the European Medicines Agency (EMEA), regarding the Marketing Authorization Application (MAA) for L-MTP-PE for the treatment of patients with non-metastatic, resectable osteosarcoma. Updated results from this study were previously presented at the Connective Tissue Oncology Society (CTOS) annual meeting in November 2007. In addition, the new JCO publication highlights the long-term OS data whereas a prior JCO publication in 2005 focused on an Event Free Survival (EFS) additional analysis.
"These findings of statistically superior overall survival in long-term patient follow-up validate the survival benefit offered by L-MTP-PE and underscore the desperate need for new treatments for osteosarcoma patients," said Timothy P. Walbert, president and chief executive officer, IDM Pharma. "We believe these findings were critical to the recent opinion from the Committee for Medicinal Products for Human Use in Europe and are a positive step toward bringing this important treatment to the European market and potentially gaining approval in the United States."
For more info: http://tchh.realpennies.com
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH) Febuary 5th, 2008-- and PAIVIS, CORP. ("PAIVIS") (OTCBB: PAVCE) today jointly announced their execution of a Amended and Restated Definitive Agreement and Plan of Merger (the "Merger Agreement") pursuant to which TRUSTCASH has agreed, through a wholly-owned subsidiary, to acquire 100% of the issued and outstanding common shares of PAIVIS, and PAIVIS has agreed, at the closing of the transaction, to become a wholly-owned subsidiary of TRUSTCASH. As consideration in the merger transaction, TRUSTCASH has agreed to pay $0.10/share in cash plus one share TRUSTCASH common stock for each common share held by PAIVIS shareholders.
Greg Moss, the Chief Executive Officer of TRUSTCASH, commented, "We are pleased to complete this amended Merger Agreement to the benefit of the shareholders. We believe Paivis is very important for this future of this company and we believe this new structure is not only simpler but very positive for all involved. We look forward to completing the next steps towards becoming one great company." Edwin Kwong, the Interim Chief Executive Officer of PAIVIS, commented further, "With the signing of the new Amended Merger Agreement we feel we have achieved a much simpler transaction that still provides quality value to our shareholders. We have said before, and still believe that the future of the combined corporations holds a lot of potential for value creation for our shareholders." The parties have agreed to use their best efforts to consummate the transaction by March 31, 2008, or as soon as practicable thereafter.
The Merger Agreement, which includes all details of the transaction, will be filed by TRUSTCASH and PAIVIS as an exhibit to a Current Report on Form 8-K with the U.S. Securities and Exchange Commission as required. The Merger Agreement contains certain conditions precedent to consummation of the merger and customary subjects, including but not limited to the audits of Paivis and its acquisitions being completed, financing being secured by Trustcash respective shareholder approval, obtaining consents, providing certified lists of shareholders and delivery of certain due diligence and other corporate documents. About Trustcash Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card (both virtual and physical) that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 either online, through any of over 500 websites, or at over 50,000 retail locations in the United States via MoneyGram. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7-Eleven, and Chevron.
For more info: http://gshn.realpennies.com
Greenstone Holdings, Inc. (PINKSHEETS: GSHN)
Febuary 5th, 2008-- Greenstone Holdings, Inc. (PINKSHEETS: GSHN) announced today that the Company has introduced a revolutionary new product, Crystal-Guard(TM), a product developed and manufactured by M-Tec Co. Ltd. in Japan. Crystal-Guard is used to contain asbestos by spraying and encapsulating the asbestos preventing the asbestos from releasing toxic airborne particles into the air, which endanger people's health. Nonetheless, Crystal-Guard does not have an adverse effect on the original thermal insulation properties of the asbestos.
Crystal-Guard also makes the disposal of asbestos safer, simpler, and much more economical. Asbestos is usually decomposed into harmless minerals by exposing it to extremely high heat, around 1500 degree C. or 2700 degree F. Crystal-Guard treated asbestos, on the other hand, is made harmless at much lower temperatures around 900 degree C or 1600 degree F. requiring less energy to detoxify the asbestos, which alternatively lowers costs.
"The U.S. Environmental Protection Agency estimates that asbestos in various forms has been used as insulation in more than 30,000 public schools and 730,000 public or commercial buildings and remains present in most buildings posing serious health hazard. This makes asbestos a huge problem, which will be around for a long time. Crystal-Guard can help speed the clean up process and provide a much safer environment for the public. Additionally, it is cost effective, which facilitates removal projects that might otherwise prohibitive," said Mr. Sal Miwa, CEO of Greenstone.
About Greenstone Holdings, Inc.
(www.egreenstone.com) Greenstone(R) is in the business of providing a variety of unique chemical technologies that are primarily used in the building and construction industry. The Company's first brand name product, GreenShield(TM), offers a solution for environmental protection for wood based building materials and others such as lumber, logs, plywood, drywall, railroad ties, fencing, and utility poles. It also offers added fire retardancy to the material it is applied to. The $25 billion water damage market is one example of many which GreenShield can find a niche in. Greenstone also exclusively distributes Green-Dri(TM), revolutionary biological dry kiln for drying wood, Permeate(TM), a very unique chemical sealer for metal, concrete, and other construction material, MagneLine(R), a very strong polymer cement mortar to repair or reinforce metal and concrete structures such as bridges and highways, and Crystal-Guard(TM), an innovative chemical to make Asbestos safer and easier to dispose.
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