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Aventura Holdings, Inc. (OTCBB: AVNT) (Thu, December 27, 2007, 7:01am ET) Aventura Holdings, Inc. announces today the acquisition of technology and marketing rights for an IPTV solution for broadcasters and content providers from IPWebTV, Inc., a Delaware Corporation.
Craig A. Waltzer, Chief Executive Officer for Aventura, said, ''The IPTV broadcast technology acquired by Aventura from IPWebTV, Inc. (Delaware) is the first strategic purchase towards the Company's future direction. Aventura plans to capitalize on its new property by marketing custom infrastructure solutions to Internet Service Providers ('ISP') and Content Service Providers ('CSP'). Aventura will operate the business under a newly formed wholly-owned subsidiary IPWebTV, Inc., a Florida Corporation.''
Waltzer stated, ''The market for IPTV solutions is in its infancy and the market has caught the eye of Information Technology industry leaders. The bellwethers such as Cisco, Microsoft, Alcatel and Motorola have all launched product offerings on the hardware, software or solution side of the equation.''
Waltzer further stated, ''According to an Infonetics Research report, worldwide subscribers are predicted to swell to 53 million by 2009 with service providers investing rapidly on IPTV content and transport equipment. The Infonetics report projects in 2009, $26 billion in capex expenditures for IPTV infrastructure.''
Waltzer concluded: ''The Company anticipates immediately generating revenues as it has a ready-for-market solution. At the early stages, sales of the product shall focus on back-end operations, by providing testing and verification hardware and software solutions to broadcasters and carriers in the IPTV space. We believe that this niche market provides several unique opportunities for Aventura to grow out the business model. The Company will continue to seek out strategic opportunities domestically and abroad and team with other industry leaders to build on its newest platform of product offerings and expand that research to include content delivery systems.''
The purchase price for the transaction is five hundred (500) Shares of Non-Voting Convertible $0.001 Par Value Preferred Stock (the ''Preferred Stock'') of the Company. The Preferred Stock is convertible into 500 Million Shares of the Company's Common Stock.
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Platina Energy Group, Inc. (OTCBB: PLTG) (Thu, December 27, 2007, 9:00am ET) Platina Energy Group, Inc. reports, since early 2007, estimated proven oil reserves held by Platina have almost doubled in value. Platina's combined reserves now reflect potential appreciation by more than 35% for the year exclusive of recent acquisitions. This translates into reserve estimates exceeding $3 per share.
According to Blair Merriam, "It will be up to the market place and shareholders to determine the hidden potential of the Company's value and to make informed investment decisions."
As reported by the Wall St Journal on Saturday, "Oil-price prognosticators, bruised after an unusually volatile spell in the oil patch, have reached a rough consensus on next year: Oil will be even costlier, even if the economy cools.
"Consumers are likely to pay a lot more at the pump, too. The Energy Department predicts that far higher average oil prices will force gasoline prices to even out at $3.11 next year, up 10%... "
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Empire Film Group, Inc. (Pink Sheets: EFGU) (Thu, December 27, 2007, 6:00am ET) Empire Film Group, Inc. reports strong response from mass merchants and video retailers for the slate of new release DVDs from Empire Home Entertainment. Retailers supporting the first quarter titles include Best Buy, Borders, Costco, Target and Wal-Mart, along with many thousands of independently owned and operated video specialty retailers.
"We are encouraged by the strong response from the retail community to our principal first quarter 2008 new releases," said Eric Parkinson, C.E.O. of Empire Home Entertainment and Hannover House. "We are privileged to have a mix of quality DVD titles that meet the stringent and competitive requirements of these key retailers, and feel optimistic for the coming year."
"The Company's acquisition of Hannover House and creation of Empire Home Entertainment is proving to be a viable, successful and strategic decision for Empire Film Group," stated Mr. Dean Hamilton Bornstein, CEO of Empire Film Group, Inc. "We are encouraged by the retail support the Company is receiving for its first quarter 2008 releases."
Principal new DVD releases on the Empire Home Entertainment label include "Come Away Home," an award-winning theatrical release starring Lea Thompson ("Back to the Future") and Thomas Gibson ("Dharma & Greg"); "The Hilarious Saints of Comedy," an urban-gospel themed comedy program starring Chucky Jenkins and comedians from Black Entertainment Television; "Teen Yoga," an instructional-exercise and lifestyle program starring Miss Teen USA (2005), Allie LaForce; "The Fun Park," a sci-fi / horror thriller about teens stalked by a killer clown; and "Fat Rose & Squeaky," a Showtime premiere feature starring Academy Award winner Louise Fletcher and Emmy winner Cicely Tyson.
Empire Home Entertainment also reports strong retailer support for re-priced catalog DVDs including: "Grand Champion," a family-adventure with Emma Roberts, Julia Roberts and Bruce Willis; "Animal Clinic," an original feature from Animal Planet Television starring Ione Skye and Mike Farrell; and "Ambrose Bierce: Civil War Stories," an action-drama starring Campbell Scott and Vivian Schilling.
The Empire Home Entertainment catalog consists of more than 100 film, DVD and book titles from the recent acquisition of Hannover House by parent company, Empire Film Group, Inc.
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Signature Devices, Inc. (Pink Sheets: SDVI) (December 27, 2007, 2:05pm ET) Signature Devices, Inc., Chief Executive Officer Kenneth Hurley recently bought 1.3 million shares of the company in open market purchases. This brings his total common stock holdings in Signature Devices, Inc. to 23,785,532 shares.
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