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Steadfast Holdings Group, Inc. (Pink Sheets: STHG) (Wed, March 26, 2008, 8:30am ET) Steadfast Holdings Group, Inc. announced today that it has entered an agreement whereby a licensee will open a new retail store in Deerfield Beach, Florida by the end of March. The store will be located at 1098 SW 1st Way, Deerfield Beach, FL 33441 (954-425-8377). This store adds to the list of previously announced Florida retail store locations that will open this year and be operated by the Company or licensees.
John Calash, CEO of Steadfast Holdings Group, Inc., added, "This opening is further evidence that we are on track to open 50 new locations nationwide by the end of 2008 either directly or through licensees. We are especially delighted with this Deerfield Beach location in that it is located in the heart of the rapidly expanding beautiful metropolitan area that spans from Miami to West Palm Beach, and that it is in an area where the demographics of the consumers, and the population of trucks, strongly indicates the store should achieve a quick return-on-investment, strong profitability and cash flow for both the licensee and us as well."
About Steadfast Holdings Group, Inc.
Steadfast Holdings Group distributes a variety of products to the automotive aftermarket. The core business is its spray-on truck bed protection product which offers specially formulated polymers that permanently bond to the truck's bed. The Company's spray-on Polyurea is a remarkable technology with a range of uses limited only by imagination. These spray-on products are also utilized in commercial, industrial, agricultural, military and custom applications where this tough coating is used to protect a full range of surfaces from metals to concrete against chemicals, solvents, fuel, etc. The Company is a licensed dealer for the following aftermarket products: A.R.E. Truck Caps and Lids, Tool Boxes, Nerf Bars, Tube Steps, Running Boards, Rack Systems, Rail Caps, Tonneau Covers, Fender Flares, Grilles, Visors, Bug Shields, Roll-Up Covers, Side Rails, Mud Guards, Floor Mats, Lights, Trailer Hitches, Stainless Steel Accessories and Lift Kits. The Company also has distribution agreements with numerous manufacturers of light truck aftermarket products. Additional information may be found at www.steadfastlinings.com.
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mPhase/AlwaysReady, Inc. (OTCBB: XDSL) (Wed, March 26, 2008, 9:15am ET) mPhase/AlwaysReady, Inc. announced that it has successfully fabricated nano structured separators which are critical to the production of our Smart NanoBattery at a contracted commercial foundry.
These separators allow the Smart NanoBattery electrolyte to be supported and kept away from the electrodes until needed resulting in a battery that has an almost infinite shelf life. The activation of the Smart NanoBattery is then accomplished by the phenomenon of electrowetting, which allows the electrolyte to penetrate the separator and wet the electrodes thus completing the circuit. Electrowetting is a phenomenon of controlling (changing) the surface contact of the liquid electrolyte, which sits atop the separator that allows the electrolyte to flow and make contact with the electrodes producing power.
"The fabrication of the separator has resulted in a significant breakthrough in the design of superhydrophobic nanostructures capable of supporting liquid electrolytes in the presence of solid electrode materials and, at the same time, being able to produce electricity generation by the Smart NanoBattery once activated providing power on command," said Ronald A. Durando, CEO of mPhase Technologies.
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China North East Petroleum Holdings Limited (Pink Sheets: CNEH) (Thu, March 27, 2008, 8:30am ET) China North East Petroleum Holdings Limited (the ''Company''), an oil producing company in Northern China, announced that as part of its $15 million debenture financing agreement with Lotusbox Investments Limited (''Lotusbox''), announced on March 3, 2008, certain post closing conditions have been met allowing for the release of $13.25 million from escrow. These proceeds plus the initial funding of $1.75 million completes the Company's $15 million financing with Lotusbox, a wholly owned subsidiary of Harmony Investment Fund Limited.
The Company intends to use approximately US$10 million of the net proceeds to finance a portion of the cost for the drilling of 100 new wells within its four Jilin-based oilfields that are under lease from PetroChina with the remaining net proceeds to be used for potential acquisitions, to implement mature technologies to increase production of existing wells and for general working capital purposes.
This transaction is described in more detail in the 8-K and other supporting documents filed with the Securities and Exchange Commission on March 3, 2008.
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Itronics Inc. (OTCBB: ITRO) (Thu, March 27, 2008, 5:00am ET) Itronics Inc. reported that its wholly owned subsidiary Itronics Metallurgical, Inc. has received label registration for GOLD'n GRO Guardian deer repellent from the U.S. Environmental Protection Agency (EPA).
With notification of registration of GOLD'n GRO Guardian deer repellent, registration statements will be filed in Nevada and Northeastern states where the Company plans to start marketing the deer repellent. Plans are being implemented for manufacturing, marketing, and sales launch in May, 2008.
"Receipt of this bio-pesticide label registration is the result of several years of intensive, successful product development," said Dr. John Whitney, Itronics President. "This opens another important avenue for internally generated growth for Itronics, and represents a significant extension of the Company's proprietary GOLD'n GRO nutrient delivery technology."
The GOLD'n GRO Guardian registration, manufacturing, and sales will expand the GOLD'n GRO brand into another important market segment, which is expected to further broaden the customer base and increase the rate of sales growth. Earlier this year the Company completed a detailed deer damage study which indicates that deer damage in suburban America is in the $5 billion range and that sales of its GOLD'n GRO Guardian deer repellent could top $200 million annually.
Itronics' continuing expansion is a result of years of research and development that has made its innovative vertically integrated photochemical recycling technology that completely converts the waste stream to pure silver, and its high quality GOLD'n GRO brand of environmentally compatible fertilizers a success.
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