Turning Pennies into dollars: (OTC: IMGR), (OTCBB: MYEC), (OTCBB: VYEY),(OTC: EUGS)
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Infinity Medical Group Inc. (PINKSHEETS: IMGR)
Company News- May 27, 2008: Infinity Medical Group Inc. Announces Opening of New Dental Implant Clinics
Infinity Medical Group Inc. (PINKSHEETS: IMGR), a specialty healthcare development company focusing on the building, finance and management of cosmetic medical laser and dental implant clinics that offer elective medical and dental procedures, announced earlier today that it in conjunction with its partner Sherway Dental they are opening two new clinics to service the expanding market for dental implants. Two thousand Americans will turn 50 every day (1 every 8 seconds) for the next 20 years. Studies show the number of Americans over 55 will grow by 60% in the next 20 years and their buying power will exceed $2 trillion by 2007. The total anti-aging market is projected to reach $72 billion by 2009 (Business Communications Co., Inc., February 2005).
Infinity Medical Group Inc. is a specialty healthcare development company whose primary focus is in servicing the cosmetic medical laser and dental implant fields. Infinity Medical Group provides turnkey support for both medical and dental professionals and aids in their professional development through the emerging field's of cosmetic medical lasers and dental implants. Infinity differentiates itself by offering "a hands-on approach" to finance, building, systemization, branding, containment, training and development of its group of clinics.
"We are excited to announce that we have secured and will be opening two more dental implant clinics in very desirable high end demographic neighborhoods in the greater Toronto areas of Habourfront and Erin Mills. Through our development contract with Sherway Dental we have agreed to provide: specialty equipment, operational support, management software with our new version of Servadent, marketing and training for these two new clinics. Using our business model of taking general practices and transforming them into specialty clinics we expect our new clinics to be immediately successful and profitable." (Stefan Kim, CEO-Infinity Medical Group)
About Infinity Medical Group Inc:
Infinity Medical Group Inc is a specialty healthcare development company focusing on the building, finance and management of cosmetic medical laser and dental implant clinics offering elective procedures.
About Dental Implants
Dental implants are designed as permanent replacements for missing teeth. A dental implant is a metal post that is surgically placed into the bone under the gums. The purpose of the placement into the bone is to encourage the integration of the dental implants. The bone actually grows around the dental implant, making the tooth secure. A replacement tooth is attached to the titanium post by means of a final abutment.
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MyECheck Inc. (OTCBB: MYEC)
Company News- May 27, 2008: MyECheck Partners With Everpay Merchant Services
MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive alternative payment solutions to credit cards for internet, intranet, mobile commerce and brick & mortar platforms, earlier today announced an agreement with Everpay Merchant Services allowing Everpay customers to accept MyECheck as a form of online payment.
This agreement allows Everpay Merchant Services merchant clients to integrate software allowing their consumers to use their checking accounts as an additional form of online payment. MyECheck's patent pending software can debit every U.S. checking account, even accounts that ACH cannot debit; thus providing online merchants financial access to more consumers and businesses than any other payment method.
Everpay Merchant Services specializes in electronic payment processing and total electronic Business solutions, with real personalized assistance. They have over 20 years of combined experience in the Credit Card & Debit Solutions. Please visit http://www.everpayinc.com/.
Ed Starrs, CEO of MyECheck, commented, "Everpay Merchant Solutions now provides complete turn-key Check 21 solutions that enable merchants, corporations and banks to remit Check 21 items. Check image processing eliminates paper check transportation, reduces handling and administrative costs, speeds clearing by an average of 2+ days and improves cash float."
About MyECheck
MyECheck Inc. is a leading provider of comprehensive alternative payment solutions to credit cards for brick & mortar, internet, intranet and mobile commerce. MyECheck utilizes a proprietary method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments. As the leader in Check 21 solutions and check image processing for online merchants, MyECheck's patent pending RCC solution provides merchants with financial access to more consumers than any other single payment method, allowing the fastest, safest and most convenient way to process electronic payments from customers.
Please visit www.myecheck.com.
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Victory Energy Corporation (OTCBB: VYEY)
Company News- May 27, 2008: Victory Energy Production and Drilling Continue to Expand
Victory Energy Corporation (OTCBB: VYEY) announced earlier today that its drilling contractor will be ready to set surface casing on the deep well, Victory's eleventh well, targeting the Strawn Limestone gas zone by June 2nd. This well is in the Corporation's Crockett County gas play located in the Texas Permian Basin.
The stimulation treatment for Victory's tenth well is scheduled for May 29. It is anticipated that this well will be producing gas into the production transmission line by June 19.
The logs for Victory's ninth well show a shallow oil zone of interest. A rig will be moved onto the well site this week and the zone perforated. After a sample of oil has been collected, it will be delivered to an engineering firm to determine a suitable stimulation treatment.
Victory's seventh and eighth wells are now online and producing. Revenues from these wells will be realized in June. The Crockett County field operator for Victory reports the first six gas wells are producing as expected and inline with historical information for this field.
"We are pleased with the progress made in our Canyon Sandstone natural gas play, and uniquely interested in the shallow oil zone which is evident in the ninth well. Should the zone be commercially productive, we have the option of producing this zone and drilling an offset gas well, or producing the oil for a period of time and coming back to the lower natural gas zone at a later date," stated Jon Fullenkamp, President of Victory Energy Corporation.
About Victory Energy Corporation
Victory Energy Corporation (http://www.victoryenergyoilandgas.com) is a publicly traded, developmental stage petroleum company primarily dedicated to energy-related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry.
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EuroGas, Inc. (PINKSHEETS: EUGS) (HAMB: EUG)
Company News- May 27, 2008: EuroGas to Acquire 30% Interest in McCallan Oil & Gas and Option to Purchase Additional 25% Interest
EuroGas, Inc. (PINKSHEETS: EUGS) (HAMB: EUG) earlier today announced that it had entered into an agreement to acquire a 30% interest in McCallan Oil & Gas (U.K.) Ltd. (McCallan), a closely held U.K. oil and gas concern, from Mr. Hans D. Dietmann, McCallan's controlling shareholder and Managing Director, and has secured an option to purchase an additional 25% interest in McCallan from Mr. Dietmann. Combined with the recently announced agreement to purchase a 45% interest in McCallan from Regent Ventures Ltd., EuroGas is on track to own 100% of McCallan when the acquisitions and the option to purchase the remaining 25% interest are finalized.
McCallan's main assets are its wholly-owned subsidiaries EuroGas Polska sp.zo.o ("EuroGas Polska"), a Polish company, and Vienna, Austria based EuroGas GmbH ("EuroGas Austria").
EuroGas Polska EuroGas Polska owns a 24% interest in a large Joint Operating Agreement (JOA) operated by Poland's national oil & gas concern Polish Oil & Gas ("PGNiG"), which itself owns 51% in the JOA. The balance of 25% is held by Aurelian Oil & Gas Plc, a U.K. public company listed on the London Stock Exchange. The JOA comprises approximately 3,200 square kilometers with 10 oil and gas concessions in the Polish Carpathian Mountains. The PGNiG and the Polish Ministry of Environment and Natural Resources have publicly stated in the Annual Reports on Poland's hydrocarbon reserves the existence of a potential 300.000.000 BOE (Barrels of Energy) reserve in the southern portion of the concession area.
RWE-DEA, a subsidiary of Germany's utility giant RWE, confirmed in its Annual Report 2007 an oil discovery on a small concession at the northwestern flank of the JOA's Carpathian concession area while PGNiG has recently made a large 2.4 TCF natural gas discovery at the northeastern flank of the concession area of the JOA next to the Ukrainian border where several smaller producing fields exist at shallow depth. Recently, PGNiG gave notice to the JOA interest holders to commence a large scale seismic program in the central and northeastern portion of the concession area of the JOA and has suggested to drill two deep wells in that portion of the concession area.
EuroGas Austria EuroGas Austria also owns a 33% shareholding in Rozmin s.r.o. (Rozmin), a Slovakian mining company which is placing its huge Germerska Poloma talc (soapstone) deposit into production. Ownership of the Gemerska Poloma deposit was recently restored to its rightful owners in a decision by the Supreme Court of the Slovak Republic after a protracted litigation. The decision cannot be appealed.
Gemerska Poloma is one of the largest and purest talc ore bodies of the world with 150,000,000 estimated tons of carbonate reserve. Belmont Resources Ltd., a Canadian mining company, currently owns 57% of Rozmin, but this interest may be purchased by EuroGas in exchange for a CDN $1,000,000 payment to Belmont pursuant to a longstanding agreement. The remaining 10% interest in Rozmin is owned by a Berlin based German trading company.
Acquisition Terms EuroGas will purchase Mr. Dietmann's 30% interest by issuing 20.000.000 restricted EuroGas, Inc. common shares, as well as 1.000.000 non-voting and non interest bearing Series 2008 Preferred Shares with certain Net Profit Interest ("NPI") rights attached to it. As part of the transaction, Mr. Dietmann agreed to a lock-up agreement which prohibits him from selling or transferring these shares for a period of three years without EuroGas' consent.
In addition, EuroGas has the right to force conversion of the Preferred Shares with the NPI, together with Mr. Dietmann's remaining 25% shareholding interest in McCallan, once the share price of the company has traded at $2.50 per share for a period of 20 consecutive days. If EuroGas common stock closes at or above $2.50 per share for 20 consecutive trading days prior to year end 2008, EuroGas can force Mr. Dietmann to exchange his remaining 25% interest in McCallan and the Preferred Shares with the NPI for a total of 25,000,000 restricted common EuroGas shares.
If EuroGas common stock closes at $2.50 per share for 20 consecutive trading days in 2009 or until May 31, 2011 EuroGas will issue 15.000.000 restricted common shares to Mr. Dietmann for his remaining stake in McCallan. In the event that EuroGas common stock doesn't close at $2.50 for twenty consecutive trading days from now until May 31, 2011, Mr. Dietmann will be allowed to retain his 25% stake in McCallan along with the Preferred Stock and associated NPI.
Any stock issued to Mr. Dietmann for his remaining 25% interest in McCallan and the Preferred Shares will be subject to a three year lock-up agreement which prohibits the sale or transfer of these shares without EuroGas' consent. Any stock issued pursuant to Mr. Dietmann will be held by an escrow agent suitable to EuroGas and Mr. Dietmann.
About EuroGas, Inc.
EuroGas is a publicly traded oil and gas company with assets in Ukraine. The company's common stock trades on the Hamburg Stock Exchange in Germany under the symbol EUG and on the Other OTC (Pink Sheets) in the United States under the symbol EUGS.
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