Turning Pennies into dollars: (OTCBB: ELNOF.OB), (OTCBB: EVSNF.OB), (OTCBB: ENEI.OB).
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VANCOUVER, April 14 - (OTCBB: ELNOF.OB) El Nino Ventures Inc. ("El Nino") is pleased to announce that their 2008, 25,000 meter drill program is underway in the DRC.
The company will drill a minimum of 25,000 meters over the next 5 months. The Company will do a minimum of 12,500 meters of RC drilling and 12,500 meters of Diamond Drilling. On April 12, 2008 the first RC drill rig started drilling the high grade copper zone where the company reported 3.5% Cu over ten meters in its initial drill program.
On May 1, 2008 two more drill rigs will be in operation. One of the drill rigs will be a diamond drill and this rig will focus on the copper showing now being drilled with the first RC rig and drill test the full length of the anomaly which runs just over 3 kilometers. When that drill rig is in operation the RC drill rigs will drill test 4 other areas of interest which have yet to be drill tested. These areas are located on our land position.
Mr. Allan Lines, our Exploration Manager, has prepared the 2008 exploration and drill program in conjunction with Caracle Creek International Consulting Inc. . CCIC was retained by El Nino to review all the technical data and from that review the 2008 exploration program has been developed.
On our new acquisition announced in February 2008, airborne geophysics will be flown in the very near term, geochemical sampling will be carried out and later on in the season and we expect to drill test this permit.
Jean Luc Roy, President of El Nino states, "The dry season in the DRC is upon us and I am very pleased to announce the start of our extensive exploration and drilling program for 2008. We will follow up on promising results already obtained and we look forward to drill test other areas that show strong indicators on our permits. We are embarking on a very ambitious program and we will keep everyone up-to-date on the progress of our efforts in the DRC."
About El Nino Ventures Inc.
El Nino Ventures is a junior exploration company, whose corporate objective is to revisit former mining regions and apply the latest technologies to advanced stage exploration targets. El Nino has acquired a 70% interest in over 350 square kilometers in the world renowned copper belt in the Democratic Republic of Congo. In addition to our copper project in the Congo, the company has its project with Xstrata Zinc on the Bathurst mining camps and will soon start work on their Ireland properties.
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KADIMA, Israel, April 14 -(OTCBB: EVSNF.OB) Elbit Vision Systems today announced that it has a won a number of orders worth a total of $1.3 million for automated surface inspection products, all with leading manufacturers. Revenues from these are expected to be recognized in the first half of 2008.
EVS optical surface inspection systems are used for quality inspection in the production of fabrics. They run at high speed and automatically detect defects. The systems provide a strong return on investment for manufacturers by increasing product yield and thereby decreasing costs.
David Gal, CEO and Chairman of the Board, "A large portion of these orders are from customers that have ordered from us in the past. This is very much a demonstration of the value that our products bring to our customers, that they continually return and order updated systems from us. We continue to develop and cultivate long-term relationships with existing and new leading customers, and we look forward to enjoying the fruits of these efforts in the coming quarters and years. "
About Elbit Vision Systems Ltd. : http://www.evs-sm.com
EVS offers a broad portfolio of automatic State-of-the-Art Visual and Ultrasonic Inspection Systems for both in-line and off-line applications, and quality monitoring systems used to improve product quality, safety, and increase production efficiency.
EVS' systems are used by over 600 customers, many of which are leading global companies. The headquarters, manufacturing and R&D of EVS are all located in Israel.
A worldwide Sales and Service network supports markets as well as systems already installed, in Asia, Europe, Africa, Australia and the Americas.
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FORT LAUDERDALE, Fla., April 14 - (OTCBB: ENEI.OB) Ener1, Inc. , a leading alternative energy company, announced today that it had completed the application process for listing its common stock on the American Stock Exchange . AMEX has advised Ener1 that it meets all of the listing requirements at this time, except for share price. Final approval by AMEX of the pending listing application is contingent upon the company being in compliance with all applicable listing standards on the date trading would begin on the Exchange.
In order to meet the minimum of $3.00 per share, the company has approved a 1-for-7 reverse split of its common stock. After effecting the reverse split, Ener1's common shares outstanding will be 98,815,957 and the authorized shares will be 135,714,285. The record date for the split will be April 24, 2008.
Shareholders who hold their shares in brokerage accounts or "street name" will not be required to take any action to effect the exchange. Shareholders who own shares in their name can find instructions on how to transfer shares at the company's Web site .
"Listing on the AMEX will be a major achievement for Ener1, fulfilling the goal we set last year of increasing the liquidity of our common stock for our shareholders," commented Ener1 Chairman Charles Gassenheimer. "We believe that this exchange listing will increase our exposure to a new and broader base of institutional investors and help us increase shareholder value."
About Ener1, Inc.
Ener1, Inc. is leading the North American development and commercialization of advanced, high-performance safe lithium ion batteries for hybrid electric vehicles , Plug-in HEVs and Electric Vehicles . Ener1 also is developing commercial fuel cell products through its EnerFuel subsidiary and nanotechnology-based materials and manufacturing processes for batteries and other applications at its NanoEner subsidiary. For more information, visit http://www.ener1.com or call 954-556-4020.
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