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UNIVERSAL ENERGY CORP (OTCBB: UVSE)
Universal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Alberta, Canada, Louisiana and Texas. Visit www.universalenergycorp.info for more details.
UVSE News:
December 10 - Universal Energy Corp. Enters Into Main Objective Sandstones at Its East OMG Prospect
Universal Energy Corp. (OTCBB: UVSE), an emerging domestic oil and gas exploration and production company, provided the following update on its East OMG prospect. Drilling operations have reached a vertical depth of 14,564 feet. Universal Energy anticipates that drilling operations will continue for seven more days to reach a total vertical depth of 16,500 feet.
The four objectives in the East OMG prospect are as follows: Upper Miogyp Sandstones and Camerina Sandstones (main); MH-1 & MH-2 (secondary). "We are pleased to announce that analysis of the well logs indicates pay in our secondary targets," commented Billy Raley, CEO of Universal Energy Corp. Raley continued, "Well data has been positive and suggests that we have now entered into the Camerina sandstone. We look forward to entering the Miogyp next week."
The main objective sandstones, Camerina and Miogyp, which comprise the East OMG prospect, have potential reserves in excess of 59 Billion Cubic Feet Equivalent of gas valued at approximately $416,000,000. Universal Energy Corp. holds a 17.5 percent working interest in this prospect.
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GLOBAL MARINE LTD (OTC: GLBM) "Up 81.82% in morning trading"
Global Marine Ltd is recognized for providing new innovations in the oceanographic & maritime arena through the development of new technologies in energy systems which offer significant environmental benefits. Leading-edge technology and projects are selected that offer the Company and its shareholders exceptional growth opportunities. Global Marine Ltd. is currently focusing on the American, Latin and South American marketplaces, where the company has developed long-term relationships and a substantial client base through vertical growth integration and recognized growth opportunities.
GLBM News:
December 7 - Global Marine Ltd. To Become Solaris Energy Corporation
Global Marine Ltd. (OTC: GLBM) President Douglas Beatty is pleased to announce that the Corporation is in the process of negotiating exciting solar energy agreements in Guayaquil, Ecuador.
"We are very pleased with the excellent solar energy opportunities that are available now to our company in South America, especially in Ecuador. Ecuador has the most direct solar energy available, due to its proximity along the equator and, through private placements and joint-ventures, we anticipate developing a mutually-beneficial business in that country, offering innovative alternative-energy solutions. We have had substantive discussions with Ecuadorian interests on a number of promising projects and we are hopeful of a speedy and successful outcome to our proposals", said Mr. Beatty. "Our Corporation is focused on the marketing and implementation of solar energy technologies and cleantech energy solutions and in transforming ourselves into a global-reach, clean-technology corporation", he added. "The estimated global clean energy market will grow from EUR 31bn currently to EUR 130 billion by 2015, and we aim to be a major participant through our initial ventures in South and Central America", continued Mr. Beatty.
To better reflect the evolution of its corporate focus to concentrate on solar and wind-generated, and renewable energy projects, Global Marine Ltd. also announces today that its Board of Directors has unanimously decided to change the Company name to Solaris Energy Corporation (Solaris). Subject to the appropriate regulatory approvals from its state of incorporation in Nevada, the name change will be effective upon receipt of all necessary regulatory approvals, and receipt of a new trading symbol from the NASD.
"The name Solaris Energy Corporation better reflects our business objectives of branded growth, in our key market segments, using new "clean age" technologies for solar and wind power generation", stated Mr. Beatty. "On an ongoing basis, we are presented with many exciting business opportunities in both North & South America, all of which hinge upon the development of new, cost-effective technologies for use in energy systems which offer significant environmental benefits. These systems will definitely play an increasingly important role in expansion of the world's solar and wind energy product pool", he added.
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H3 ENTERPRISES INCORPORATED (OTC: HTRE) "Up 44.12% in morning trading"
H3Enterprises, Inc. owns, creates, licenses, and franchises HipHopSodaShops in the United States. The HipHopSodaShop is a Hip Hop themed fast food franchise that offers a line of H3WhiteTea sodas, lemonades, and energy drinks, and various other food; Hip Hop music; merchandise and media; live HD sportscasts; CyberSports arena featuring professional sports played on PlayStation and Xbox; and H3Raps, which are a selection of Biggie and Smallie wraps. It also operates Hip Hop Heaven, a restaurant that serves meats, seafood, salads, and beverages; H3Players.com, a CyberSports league featuring sports games that offer customers the opportunity to play for cash, prizes, and bragging rights; and ChannelH3, which offers hi-definition signage, music videos, ads, and promos targeting the Hip Hop generation, and real time information on plasma and LCD displays placed throughout the restaurants. In addition, the company provides computer based high resolution LCD television displays under neTVizon name. H3Enterprises, Inc. is based in New York, New York.
HTRE News:
December 10 - CEO of H3 Enterprises Dr. Benjamin Chavis & Hip-Hop Mogul Russell Simmons Appear Live on the Neil Cavuto Show on FOX Business Network
H3 Enterprises, Inc. (OTC: HTRE), the world's first publicly traded Hip-Hop company and parent company of the HipHopSodaShop, announced that its CEO and President, Dr. Benjamin Chavis, and Hip-Hop mogul Russell Simmons will be appearing live on the Neil Cavuto Show tonight Monday, December 10, 2007 at 6 p.m. to discuss the impact of Hip-Hop on business and on Presidential politics.
Dr. Chavis is the CEO and President of the first publicly traded Hip-Hop company, H3 Enterprises (www.h3inc.com). H3 is launching its HipHopSodaShop, the first of many nationwide franchises, in Tampa, Florida on December 18, 2007. Dr. Chavis recently played a key role in the Iowa Brown and Black Presidential Forum a week ago. This was the first time during the entire 2008 US Presidential race that major candidates for President were asked questions from a Hip-Hop perspective.
Russell Simmons, the President of Rush Communications, is often referred to as the Godfather of Hip-Hop. He is an entrepreneur who has built such successful multi million dollar brands as Def Jam Records, Phat Farm, Baby Phat, Simmons Jewelry Company, and Russell Simmons Presents Def Poetry and Def Comedy on HBO. He is an activist and philanthropist.
Both Mr. Simmons and Dr. Chavis are the founders of the Hip-Hop Summit Action Network, an organization dedicated to harnessing the cultural relevance of Hip-Hop music to serve as a catalyst for education advocacy and other societal concerns fundamental to the empowerment of youth.
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LAIDLAW ENERGY GROUP (OTC: LLEG) "Up 46.15% in morning trading"
Laidlaw Energy Group (LLEG) is engaged in the development of independent power plants that generate electricity from renewable resources. LLEG's mission is to build and manage a profitable portfolio of renewable energy facilities through the development of new facilities and acquisition of existing facilities. LLEG is headquartered in New York, New York. For more information on LLEG, visit the company's Web site at www.NYENRG.com.
LLEG News:
December 10 - Laidlaw Energy Group, Inc. Issues Shareholder Update
Laidlaw Energy Group, Inc. (OTC: LLEG) recently provided shareholders with an update on its recent progress:
Dear Laidlaw Energy Shareholders and Friends:
As we approach the end of the year, I thought this would be a good opportunity to provide an update on the progress of our company.
We are finalizing the transaction to acquire the assets in Berlin, NH and I believe we are on track for a closing around the end of the year.
We have received an offer of financing from a major Wall Street investment bank that, coupled with our equity capital and that of our partners, will provide the necessary funding to complete the development of the project. We hope to provide further updates on our progress toward the financial closing of this transaction in the coming weeks.
With respect to our Ellicottville, New York biomass-energy project, the permitting of the project is now out of the hands of the town planning board which has caused us so much unnecessary delay and now in the hands of the New York State Supreme Court, where we feel confident we will obtain a just resolution to this matter. We expect the Court will render a decision approximately 30 to 60 days after the upcoming January 8th hearing.
Separately, we have recently given our attorneys authorization to commence a civil law suit in Federal Court seeking substantial monetary damages against the town of Ellicottville and those involved in wrongly impairing our property and civil rights. Our attorneys feel we have a very strong case and we look forward to our day in court.
In addition to the Berlin and New York projects, we have a number of other projects in the pipeline that we feel offer great promise. The two projects that are the furthest along are both in the New England region and adhere to our business model of converting unutilized power assets to low emission, advanced biomass-energy plants. We are optimistic that we may be able to announce a deal on at least one if not both of these projects in the coming quarter.
Our goal is to add at least two more projects to our portfolio by the end of 2008, as Berlin and New York move forward to commercial operations.
I believe that we have made great progress this year. Our development of the Berlin project positions us at the forefront of the alternative energy industry, with one of the largest and most environmentally advanced biomass development projects in the US in our portfolio. We are confident that the success of this project, and the investment capital it will attract, will greatly raise the profile of our company and generate many more opportunities for us down the road.
I wish you all the best for a prosperous 2008.
Michael B. Bartoszek President and Chief Executive Officer
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ATLANTIS TECHNOLOGY GROUP (OTCBB: ATNO) "Up 34.37% in morning trading"
Atlantis Technology Group was formed to develop privately held and publicly traded technology companies that focus on high-growth investments at the leading edge of business and technological innovation. Atlantis Technology Group is engaged in providing debt and equity financing to public and private companies, as well as private equity funds, for working capital, acquisitions, management buyouts, projects and special situations within the newly announced target area. The Company's management intends to aggressively pursue new acquisitions that would enhance the existing portfolio of investments and that would be expected to enhance shareholder value through capital appreciation and dividend payments to the Company. Atlantis Technology Group intends to offer its clients a "one stop shop" of equity and senior, subordinated, structured and mezzanine debt to realize their business development objectives.
ATNO News:
December 10 - Atlantis Technology Group Subsidiary Global Online Television Corporation (GO TV) Unveils Short-Term Business Strategy
Global Online Television Corporation ("GO TV"), subsidiary of technology company Atlantis Technology Group (OTCBB: ATNO), outlined a short-term business plan to secure human capital and distribution exclusivity on several components that will further the company's long-term goals of development and distribution of cutting-edge media technology combining high-definition television and streaming Internet sources.
"We are actively in the process of filling Board vacancies and adding several technical consultants that will aid us in keeping our timeline that focuses on the second quarter of 2008 intact," said GO TV CEO Richard A. Luthmann. "All of this is happening while we are in protracted negotiations with several parties for exclusive development and distribution rights for what GO TV have identified as target components above and beyond our existing portfolio of proprietary technology."
Mr. Luthmann further commented that some "significant organizational events" are expected to occur over the next few days, and that important news will be forthcoming. "We are in the process of filling our quiver with several arrows - in fact what can be termed as an entire arsenal of resources." The GO CEO made further assurances that an aggressive expansion and marketing plan for GO TV is in the works, alluding to the media outlet's awesome market potential.
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