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Mesa Offshore Trust (Pink Sheets: MOSH) (December 18, 2007) announced that on December 3, 2007, JPMorgan Chase Bank, N.A., for itself and in its capacity as Trustee of the Trust, entered into a Settlement Agreement and Release in connection with the lawsuit filed by MOSH Holding, L.P. ("MHLP") against Pioneer Natural Resources Company; Pioneer Natural Resources USA, Inc. (collectively, "Pioneer"); Woodside Energy (USA) Inc. ("Woodside"); and JPMorgan Chase Bank, N.A., as Trustee of the Trust (the "Lawsuit"), with MHLP, Dagger-Spine Hedgehog Corporation ("Dagger-Spine") and another group of unitholders, led by Keith A. Wiegand (together with Dagger-Spine, the "Intervenors"), and additional Unitholders in the Trust (collectively, "Plaintiffs") (as amended on December 7, 2007, the "Settlement Agreement").
Because the Settlement Agreement is subject to approval by the Court, the Trustee and the Plaintiffs in the Lawsuit filed a Joint Motion for Approval of Settlement Agreement on December 3, 2007 and a Supplement to Joint Motion for Approval of Settlement Agreement on December 11, 2007.
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China Voice Holding Corporation (Pink Sheets: CHVC ) (December 18, 2007)announced that their China subsidiary, Beijing CandidSoft Technology Co. Ltd. (CandidSoft), had been advised by China Netcom (CNC) that the initial budget for CandidSoft's SKY O/A private branded software licenses would be up to $6,500,000 through June, 2008. CHVC recently announced the signing ceremony with CNC of Guang Xi Province.
CHVC's President and CEO Bill Burbank said, "CNC has budgeted up to $500,000 for the remainder of 2007, and up to an additional $6,000,000 through June, 2008 for SKY O/A software licenses. SKY O/A will be private-labeled under the CNC Service' brand as an enhanced service offering called 'ICT Business'. This initial commitment is in line with the model that we expect to adopt throughout the China market. Because CHVC has focused up to now on our large government contracts, the Company has not pursued the private sector other than a few large enterprise companies. This new private label software licensing model through telecom carriers will enable CHVC to reap the benefits and profits from the private sector while staying focused on deploying our government contracts. In addition, because China Netcom has been very supportive of our Company, we have utilized CNC for their fixed line service needed to support our government contracts in the Guang Xi Province."
China Netcom is China's number two broadband communications and fixed-line telecommunications operator. CNC employs over 140,000 people, trades on the New York and Hong Kong Stock Exchanges and has annual revenues approaching $11.5 billion. China Netcom services every Province in China. In the Beijing Municipality, Tianjin Municipality, Hebei Province, Henan Province, Shandong Province, Liaoning Province, Heilongjiang Province, Jilin Province, Neimenggu Autonomous Region and Shanxi Province, CNC is a dominant provider of fixed-line telephone services, broadband and other Internet-related services, as well as business and data communications services.
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Stinger Systems, Inc. (OTCBB: STIY) (December 18, 2007) a leader in electro-stun technology, today announced a major research university has completed a comprehensive cardiac study of the Stinger Systems' S-200 projectile stun gun. Details of the study are being withheld pending publication at a scientific meeting and/or in a scientific journal. However, this study confirmed the cardiac safety of the S- 200, which had previously been documented in internal safety testing. Stinger Systems' stun products have been used since 2000. Thousands of applications have occurred and, to date, the Company has had no reported injuries or adverse health effects using its products including during training. Additional medical studies of the S-200, including direct comparisons to the Taser M26 and Taser X26 are currently underway.
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DealerAdvance, Inc. (OTCBB: DLAV) (December 18, 2007) announced that the company has converted three DealerAdvance clients to its new and growing WebDA product.
Steven Humphries, DealerAdvance CEO said, "Our primary goal over the past several months has been to open new dealers and convert our older dealers whose contracts had or were expiring to our new WebDA product. We are pleased to announce that long-time customers Gresham Ford (Gresham, OR), Pierre Dodge (Seattle, WA) and Palmetto Nissan (Florence, SC), all whose contracts had expired, have signed new contracts to move over to WebDA. Each contract provides a growing and long term revenue flow for the company."
Gresham Ford General Manager Bess Wills commented, "We've been with DealerAdvance from the beginning and are very excited about moving over to the new WebDA product. Our sales people and sales management like the product due to it being so user-friendly."
VP of Sales Dave Scaturro said, "It's all about customer retention and customer satisfaction. Our goal is to have happy customers that will do business with the company for years and years. Gresham Ford, Pierre Dodge and Palmetto Nissan have been long customers of the company and we are pleased to have them continue with our new product."
WebDA is the newest iteration of DLAV's "CRM" application. The system is also offers the Nokia 800 hand-held devise that is web based and is available at a fraction of the cost of the original DLAV system. The original server based system is now being replaced in the almost 100 dealerships previously being served. According to Humphries dealers that have utilized the original DealerAdvance system have shown a 90% increased in captured customer data and a 30% increase in appointment setting. "It's all about sales," says Humphries, "theirs and ours."
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