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SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) (Thu, May 22, 2008, 10:00am ET) SpongeTech Delivery Systems, Inc. announced that they received initial orders from three well-known east coast chain stores -- Winn Dixie, Ollie's, and Price Chopper, as well as Wal-Mart Mexico, including Wal-Mart South America. The three east coast chains have ordered "Shippers" of SpongeTech 's Car Care Kits, which include their wash and wax sponge, a detail sponge, and a chamois. A shipper is a freestanding display containing 24 kits that is used within mass merchandisers to display new products prominently in key locations throughout their stores. Shippers are easy to ship, easy to display, and easy to refill.
SpongeTech 's COO, Steven Moskowitz, said "We are planning to ship these products immediately. We are thrilled to be working with these reputable, well-known stores and hope to continue our relationship with them for future orders. The re-order from S A Trading continues to confirm the viability and 'sale ability' of our car care products. We are proud to move forward with them. These orders have been received since the recent Hardware Show held in Las Vegas in early May."
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Rudy Nutrition, Inc. (Pink Sheets: RUNU) (Thu, May 22, 2008, 9:29am ET) Rudy Nutrition, Inc. is pleased to announce a new label design that reflects a bolder and more distinctive look. The new label design includes the same inspirational "Dream Big. Never Quit." message. Along with the new label, the bottle cap will be changed to the color gold. The fresh packaging alternative was designed to stand out from other brands in the beverage marketplace.
President of Rudy Beverage Rocky Brandonisio stated, "This more dynamic look will appeal to more consumers and is expected to create greater impact on-shelf." He went on to say, "It's still the same, easily recognizable Rudy label, but greater emphasis has been placed on the nostalgia of the Rudy name."
The changes to Rudy Beverage are part of an overall marketing strategy to continue nationwide momentum and penetration into new markets. "Dream Big. Never Quit." is the marketing campaign of Rudy Beverage. This message will be reinforced with testimonials and promotional materials featuring the soon to be announced current and former professional athlete celebrity endorsers.
"Rudy Beverage reminds us all that if we dream big and never quit, great things will happen," said Daniel "Rudy" Ruettiger, Chairman of Rudy Nutrition, Inc. "We strongly believe that this message will resonate with consumers."
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Bancroft Uranium Inc. (OTCBB: BCFT) (Thu, May 22, 2008, 7:00am ET) Bancroft Uranium Inc. ("Bancroft" or the "Company") comments on what the Company perceives as an optimistic long-term trend for the uranium market. As the prices of oil, natural gas and other hydrocarbon energy sources soar, nuclear power is becoming one of the few options for the supply of clean, reliable energy in the world today.
Oil prices traded above $129 a barrel recently after hitting another record high as supply concerns mounted, selling for about twice what they were just a year ago. Prices have been propelled by worries about insufficient supply, soaring global demand and a sliding US dollar that has made oil cheaper for many overseas buyers. Industry observers in recent days have also pointed to especially strong demand for diesel in China, where power plants in some areas are running desperately short of coal and certain earthquake-hit regions are reliant upon diesel generators for power.
Bancroft sees a long-term future for the price of uranium as it continues to be one of the most viable alternatives to fossil fuels. Today, there are some 439 nuclear power reactors operating in 30 countries. In 2006 these reactors provided 2658 billion kWh, about 16% of the world's electricity. 34 power reactors are currently being constructed in 11 countries, notably China, South Korea, Japan and Russia. With this scope of on-going construction, supply factors should soon affect the uranium market.
Only 64% of utilities' annual requirements are supplied by mine production with the balance made up from secondary sources or stockpiled uranium held by utilities. These stockpiles are reported to be largely depleted. The perception of imminent scarcity drove the "spot price" for un-contracted sales to over US$135 per pound U3O8 in 2007, but it has settled back to $70-80 as of early 2008. Most uranium however, is supplied under long term contracts and the prices for new contracts have in the past reflected a premium above the spot market.
The long-term view for uranium pricing is dominated by demand fueled by future growth of new power plant requirements and the stagnant state of world mining production which needs to expand significantly. As Canada is a world leader in the safe and efficient production of uranium to meet the world's energy needs, Bancroft is poised to become a part of this important industry with the development of the Monmouth Uranium Project.
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