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WorldWater & Solar Technologies Corp. (OTCBB: WWAT) (Fri, March 24, 2008, 12:46pm ET) WorldWater & Solar Technologies Corp., developer and marketer of proprietary high-horsepower solar systems, today announced that, in line with its planned succession and effective immediately, Dr. Frank W. Smith has been promoted from COO to Chief Executive Officer and elected to the Board of Directors of WorldWater & Solar Technologies Corp. As previously announced, former CEO Quentin T. Kelly retires from the CEO position and will continue as non-executive Chairman of the Board of WorldWater.
Dr. Smith, 49, has served as Executive Vice President and COO of WorldWater since February of 2007 and brings over 20 years of experience in strategic planning, business development, and operations management. Prior to his joining WorldWater, Dr. Smith served as Vice President of Strategy and Business Development at EMCORE Corporation, where he identified target acquisitions, managed the due diligence process, and provided strategic direction for the company.
"Frank has shown the vision and experience to take WorldWater to the next level by providing highly effective management solutions for our company as our business grows," said Quentin T. Kelly, Chairman of the Board. "He has the appropriate hands-on expertise to lead the Company to profitable operations and to tackle the challenges that come with rapid growth. Frank was hired last year with the intention of bringing him into the role of CEO. He has demonstrated his capabilities, and as a result, we expect a smooth transition in the coming weeks. I am extremely proud and honored to have led our company from a small start-up firm to a top-tier, publicly-held provider of alternative energy systems, and, as Chairman, I will continue to focus my interests on benefiting WorldWater but as a long-term strategist with an eye toward increasing new business development. The Board and I know that Frank will handle the Chief Executive responsibilities most effectively."
Dr. Smith added, "WorldWater is at a critical juncture in its corporate history. The solar business is growing at an accelerating pace, as demand for clean energy continues to increase throughout the globe. In this expanding market, we are well positioned to take advantage of numerous growth opportunities. We now need to execute to plan and improve our financial results - which we clearly intend to do. I have never been more excited about an opportunity than I am about implementing WorldWater's growth strategy and building its business both in the U.S. and internationally."
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Purple Beverage Company, Inc. (OTCBB: PPBV) (Thu, March 20, 2008, 12:41pm ET) Purple Beverage Company, Inc., maker of the all-natural, no sugar added beverage, Purple, announced the launch of "The Weekend Workout," a weekly radio show geared to health-conscious consumers, hosted by Dr. Jose "Joey" Antonio, Ph.D. and Dr. Douglas S. Kalman, Ph.D., RD.
"Now that our product is making headlines as being one of the healthiest beverages around, it seemed only natural (no pun intended) for us to think of alternative ways to promote healthy living," said Ted Farnsworth, Founder and CEO of Purple Beverage Company. "We've already been able to reach consumers through dozens of articles in print publications such as Health and Family Circle, and the next step was to think about how to educate even more people. The launch of Purple Radio was our answer."
"People always want to look good, feel good and be fit and healthy. The problem is that they don't know where to go for answers to their questions about health, fitness and nutrition," said Dr. Antonio, co-host of Purple's The Weekend Workout' and sports nutrition, dieting and training expert. "The show provides our listeners with easy ways to start on the path to a healthy lifestyle and gives them the tools needed to achieve their fitness, wellness and nutrition goals."
Show topics will include advice on how to stay fit, trends that have been gaining momentum within the health and fitness industry, information on new products hitting shelves that will help to foster a healthy lifestyle and interviews with celebrities and fitness gurus on how they stay true to their fitness goals.
"The focus of Purple's The Weekend Workout' will be on health issues of interest to real-life people," said show co-host and 14-year sports nutrition industry veteran Dr. Kalman, who also serves as a Director in the Nutrition and Endocrinology Division of Miami Research Associates (MRA), as well as being an adjunct professor at Florida International University. "Getting in shape may not be easy, but we'll be coaching our listeners every step of the way."
"The Weekend Workout" will initially air in the following media markets: WWNN 1470 AM in South Florida from 5-6pm on Sundays; WVNJ 1160 AM in the New York/New Jersey metropolitan area from 9-10am on Saturdays; and KLAA 830 AM in Los Angeles from 8-9pm on Sundays. During the program, which can also be heard as a podcast 24/7 at DrinkPurple.com, listeners will have the opportunity to have their previously-emailed questions answered by the hosts of the show.
For more information about "The Weekend Workout" and Purple, a unique and tasty blend of seven antioxidant-rich juices, including the exotic aai berry, black cherry, pomegranate, black currant, purple plum, cranberry and blueberry, visit DrinkPurple.com. Purple carries a suggested retail price of $2.99 for a 10 oz. bottle and can be found in health food stores, restaurants, delis, drug stores, supermarkets and convenience stores in select locations, including New York, Los Angeles, Miami and Hawaii. In February, Purple became available in select GNC stores, and look for it nationwide in early 2008.
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Nitro Petroleum, Inc. (OTCBB: NTRO) (Thu, March 20, 2008, 8:00am ET) Nitro Petroleum, Inc. is pleased to announce that the company's majority stockholder has surrendered its ownership of 100 million shares of the company's common stock. Those 100 million shares have been cancelled and will be returned to treasury stock. The cancellation of these 100 million shares resulted in a 67% reduction in company's total outstanding shares. The company now has 48,540,000 shares of common stock outstanding.
Larry Wise, President of Nitro, explains that with the new market cap we can now move ahead with potential financing opportunities in this very exciting Energy market.
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Card Activation Technologies (OTCBB: CDVT) (Thu, March 20, 2008, 5:00am ET) Card Activation Technologies, owners of a patent covering a method for the activation and processing of transactions related to debit styled cards, which include gift cards, phone cards and other stored value cards, announced today that the United States District Court for the Northern District of Illinois ruled that Card Activation's Patent, U.S. Patent Number 6,032,859, is valid.
The court issued its ruling in response to a motion to declare the patent invalid that was filed by Barnes & Noble Inc. and Aeropostale Inc.
Card Activation will soon issue full details of the court's ruling.
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