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Amelot Holdings, Inc. (Pink Sheets: AMHD) (Wed, March 19, 2008, 11:15am ET) Amelot Holdings, Inc. announced CEO Aziz Hirji negotiated contracts this week vital to the growth and infrastructure of the company. Amelot continues to aggressively build upon the assets already obtained in order to become a world-wide leader in the development of emerging Jatropha technologies and the production of Jatropha oil.
Aziz Hirji stated: ''We expect to realize at least 7 million dollars in revenue in 2008. We're moving faster and farther than we expected on many fronts. With new partnerships secured and new contracts signed, I'm confident that Amelot is able to provide shareholder value both now and in the future.''
There are currently 2,224,573,155 outstanding shares. Pro Forma numbers support an estimated $.0008 earnings per share per quarter, or $.0032 per share on an annual basis. The company does not expect the number of outstanding shares to be increased at any time during the next several months.
Aziz Hirji said, ''We have been working diligently behind the scenes for quite some time and are now confident to let the investing community know that Amelot is positioned to become a world leader in the Jatropha oil industry. Shareholders can expect more news from us in the near term as we begin to provide details about our exciting progress.''
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Skins Inc. (OTCBB: SKNN) (Wed, March 19, 2008, 1:57pm ET) Skins Inc., a developer of a revolutionary, patented, two-part interchangeable footwear structure, today announced that the Skins 2008 Spring/Summer Collection will be delivered to 45 retail "doors" by mid April and 100 retail "doors" by June. The Collection is the first to showcase the new and improved "Bone", a result of extensive research and development, allowing Skins to evolve into a revenue-generating Company.
The Company also announced today that it has recently completed a $705,000 financing. Mark Klein, President of Skins asserted, "The funds were largely raised by management, staff and original shareholders and I would like to take the opportunity to thank all those who participated and continue to have faith in the new product. We are very appreciative and look forward to rewarding their patience."
Both the Men's and Women's Collections are offered in an array of styles and colors and can be viewed on the Skins website. The new footwear was broadly tested by a diverse focus group who gave resounding praise for both style and comfort, prompting management to hire an additional 5 person sales team.
Pre-selling is available online now with select retailers including, Footwear etc., (http://www.footwearetc.com) and Sportie LA (http://www.sportiela.com). Elie Monarch, Owner of the Footwear Etc. stores claims, "Skins Spring/Summer Collection is an exciting new line ranging from sophisticated to chic, all embodying the essence of the Season." Isack Fadlon, Owner of the Sportie LA stores added, "We have always had a passionate Skins following but with the improvements they have made to the comfort of the shoes and the great, fresh new look they are unveiling, we expect they will be in very high demand."
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Homeland Security Capital (OTCBB: HOMS) (Wed, March 19, 2008, 8:30am ET) Homeland Security Capital Corporation, a company engaged in the acquisition, development and consolidation of homeland security-related businesses, announced today that it has acquired Knoxville-based Safety & Ecology Holdings Corporation (SEC) as part of the Company's strategy to capitalize on significant opportunities within the homeland security industry. The acquisition is expected to generate revenues in excess of $55 million for 2008, and will enhance HSCC's position in the global marketplace for nuclear remediation and detection products and services.
In addition, HSCC is simplifying its capital structure by exchanging its convertible debt for preferred stock and non-convertible notes. As part of this transaction, Christopher P. Leichtweis, founder and Chief Executive Officer of SEC, has been appointed President of HSCC and will join the HSCC board of directors.
HSCC will host an investor conference call tomorrow, Thursday, March 20, at 2 p.m. Eastern to discuss the acquisition and address questions. Dial-in details appear below.
SEC is an international provider of global environmental, hazardous and radiological infrastructure remediation, emergency response and advanced construction services. Its customers include the United States federal government, the United Kingdom government and leading commercial corporations in the engineering and construction industry.
HSCC management believes SEC will be well positioned for growth due to the renewed spending trends in the Department of Defense (DoD), the Department of Energy (DOE) and the Federal Emergency Management Agency (FEMA). SEC will continue focusing on infrastructure and facility revitalization, environmental remediation, security needs in nuclear non-proliferation and emergency response, natural disaster response and commercial reinvestment into the nuclear energy infrastructure.
SEC generated more than $50 million in revenue during 2007 and projects increasing revenues and growing profitability during 2008. SEC's trailing 12 months of adjusted EBITDA through February 2008 was approximately $4.3 million. Under the terms of the transaction, HSCC purchased SEC in a cash, stock and debt deal valued at approximately $20.4 million. In addition, SEC's former shareholders shall have the opportunity to receive up to an additional $6 million of HSCC common stock based upon SEC's attainment of performance objectives for 2008 and 2009. SEC became a wholly-owned subsidiary of HSCC following the closing.
"With SEC as a platform company, this transformational acquisition establishes HSCC in the environmental services industry," said C. Thomas McMillen, Homeland Security Capital Chairman and Chief Executive Officer. "Additionally, the combination of SEC's deep industry knowledge and experience coupled with our proprietary nuclear detection technology of our current subsidiary Polimatrix, Inc. should create significant opportunities for growth and expansion."
Mr. Leichtweis, CEO of SEC, said, "We see this merger as an extremely positive move for our clients, employees and the Company as a whole. The synergies between our organizations are significant and should allow SEC to accelerate rapid growth." SEC has an established history of successful performance and brand recognition in the federal and commercial market for nuclear facility remediation and project completion.
By leveraging its experience and a comprehensive suite of core competencies, SEC has earned the reputation as the company of choice for executing complex and high profile projects in these established and emerging markets. In the past five years, SEC has expanded its offering both domestically and globally to include establishment of four international offices to support core competencies in the UK addressing the pressing issues of federal facilities re-build programs, non-proliferation, emergency response, anti-terrorism and advanced construction.
Mr. Leichtweis added, "We look forward to working with Mr. McMillen and HSCC to expand the business and increase shareholder value. This merger positions SEC for numerous opportunities and continued expansion in key markets including energy and resources, and the homeland defense arena. We believe SEC's years of experience merged with HSCC's relationships and resources will lead to tremendous growth."
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Solar Power, Inc. (OTCBB: SOPW) (Wed, March 19, 2008, 6:00am ET) Yes! Solar, Inc., a wholly owned subsidiary of Solar Power, Inc., announced that it has executed a franchise agreement with The McCarthy/Myers Investment Group of Southern California to launch a Yes! Solar SolutionsTM franchise to serve Orange County, California, the first solar franchise it has sold in California. The territory covers approximately 800 square miles and is home to about 625,000 owner-occupied dwellings and many commercial enterprises. Electric rates in the Orange County area, coupled with the California Solar Initiative (CSI) program, make it an attractive market for the Company's Yes! turnkey solar solutions. "We are excited about this agreement, as it provides an important opportunity to accelerate customer awareness of the Yes! Solar brand in a key area of our State," said Todd Lindstrom, President of Yes! Solar, Inc.
Yes! Solar Solutions has taken an innovative retail approach to making PV solar energy more accessible to homeowners and businesses. As the Company continues to roll out its franchise plan, it will seek to centrally locate additional retail franchise operations within communities where economic factors, like higher energy costs, make solar power alternatives attractive. Like the Roseville, California store, future Yes! energy outlets will be designed to educate consumers and businesses on the economic and environmental benefits of solar power and provide solutions that will help them reduce their electricity costs. "With natural gas prices following oil prices to historical highs and impacting electricity cost, solar electric systems can provide relief and a very practical hedge against continued increases in electrical costs," said Lindstrom. "The time is right for a network of strategically located retail outlets that are 100% dedicated to helping consumers and businesses mitigate rising energy costs," he continued.
"We look forward to working with Yes! Solar, Inc. as we launch this operation and begin serving the communities within Orange County. The timing couldn't be better," said Thomas McCarthy, CEO of The McCarthy/Myers Investment Group. "The Yes! franchise provides us an opportunity to deliver much needed relief from rising energy costs in the area while also allowing us to do something beneficial for the environment in the communities we serve. It's a win-win business model, and we look forward to being part of the growing solar industry."
Yes! Solar, Inc. opened its first Company-owned energy outlet in Roseville, California on October 20, 2007, and is currently selling franchise territories throughout the State. Since opening, the Roseville Yes! energy outlet has been promoting and hosting monthly educational seminars. In addition to showcasing Yes! solar energy systems, the outlet sells a variety of solar-centric retail products including cell phone chargers, education kits, books and solar system accessories. The Yes! Solar Solutions of Orange County operation will leverage this model and is currently engaged in a site search for their retail energy outlet.
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