Turning Pennies into dollars: (PINKSHEETS: CHVC), (PINKSHEETS: DCNM), (PINKSHEETS: ERHE), (PINKSHEETS: PURE).
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Mar 31, 2008 -- China Voice Holding Corp. (CHVC) (PINKSHEETS: CHVC), announced today that its wholly owned U.S. subsidiary, Phone House Inc. has signed an Exclusive Supplier Agreement with Sarah Enterprises Inc., a distributor of prepaid telecommunication products located in Florida.
Phone House is a Master Distributor of prepaid calling cards and other telephony related products and services that enable users to call anywhere in the world at significant savings. Phone House offers a large array of cards that target major ethnic groups. Its products are marketed through an extensive and rapidly expanding national distribution network.
Sarah Enterprises is a regional distributor of prepaid calling cards and related telecommunications products servicing a large customer base throughout Florida and Southern Georgia.
CHVC's President and CEO Bill Burbank said, "We are very excited to have completed negotiations with Sarah Enterprises, a well known and respected Company that is currently purchasing in excess of $17 Million of product annually. We expect that with our support infrastructure and financial resources, Sarah Enterprises will purchase upwards of $25 Million of our prepaid calling card products during the next 12 months, representing an approximate 40% increase in our U.S. revenues. As the foreign communities in the U.S. continue to grow, they require the ability to call their home countries at competitive rates and this leads to increased demand for the products that Phone House and Sarah Enterprises market."
Burbank added, "As we continue to complete the Exclusive Supplier Agreements that we have in the works with other quality distributors such as Sarah Enterprises, CHVC is getting within reach of our $100 Million goal in U.S. revenues. These U.S. sales combined with the deployment of our Chinese Government contracts will eventually deliver well balanced revenues for CHVC from both continents. I am very happy with the performance of the team that we have assembled to execute our Business Plan and feel that if the accomplishments that have been achieved thus far in 2008 are any indication of what to expect for the rest of the year, this will be a great year for CHVC and its shareholders."
China Voice Holding Corp. ("CHVC") is a U.S. public holding company headquartered in South Florida with a portfolio of next-generation communications products and services doing business in the People's Republic of China and the U.S. Through its subsidiaries, the Company provides Voice over Internet Protocol ("VoIP") telephone services, office automation, wireless broadband, unified messaging, video conferencing, mobility services and other advanced voice and data services in China, where the Company has obtained full legal status as a licensed telecommunications company. The Chinese telecommunications market is the largest and fastest growing in the world. CHVC's focus is on providing its innovative and patented voice and data solutions to government agencies and large enterprises in China. China Voice Holding Corp. trades Over-the-Counter and is listed in the Pink Sheets under the symbol "CHVC". Upon obtaining audits of prior fiscal years, the Company plans to file with the Securities & Exchange Commission ("SEC") to become a full-reporting company, at which time it will apply for a listing on the NASDAQ or the AMEX; and is on schedule to complete these filings in early 2008. Prior to the filing of periodic reports to the SEC, the Company is providing publicly-available financial statements and other current information at the pinksheets.com website.
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Mar 31, 2008 -- DnC Multimedia, Inc. (PINKSHEETS: DCNM) today announced that it has entered into a distribution agreement with Trywin Co., Ltd for the distribution of its portable digital broadcast "1-seg" device in Japan. DnC Multimedia, Inc. ("DnC") is a maker of a broad range of digital media technology products, and owns and operates the Pluginz Network, an eCommerce marketplace for sophisticated multimedia technology.
"We are very excited to partner with Trywin for the distribution of our 1-seg portable television in Japan," stated Hans Park, CTO and President of Asian operations for DnC Multimedia. "Trywin is a well established distributor of consumer electronics products in Japan, and we couldn't ask for a better partner in the Japanese market. Our first purchase order from Trywin is for 5,000 units of the 1-seg device at a unit price of $89, and our Distribution Agreement calls for a minimum volume target of 30,000 units within 2008," Mr. Park concluded.
DnC Multimedia, Inc. is a designer and marketer of a broad range of digital media technology products, and owns and operates an array of high-end encoding technologies and the Pluginz Network, an eCommerce marketplace for sophisticated multimedia technology. DnC's portable media players are among the highest rated in the consumer market, and are sold through leading retail chain stores in the US and Europe. The Company is now headquartered in Palo Alto, California and maintains engineering and R&D facilities in Seoul, South Korea.
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Mar 27, 2008 -- The following update on Company activities was issued by Nicolae Luca, interim chief executive officer of ERHC Energy Inc. (PINKSHEETS: ERHE), on Thursday, March 27, 2008.
"To ERHC Shareholders:
"I am pleased once again to provide an update on the recent progress of ERHC Energy Inc.
"Our team continues to make progress toward exploration of some of our assets in the Gulf of Guinea, off the coast of West Africa. ERHC Energy's assets in the Gulf of Guinea include interests in the deepwater Joint Development Zone (JDZ) as well as interests in the territorial waters of Sao Tome and Principe known as the Exclusive Economic Zone (EEZ). To date, attention has been focused on JDZ Blocks 2, 3 and 4.
"JDZ Block 4 is most likely to be the first of our exploratory drilling locations. ERHC has a 26.7 percent (1) participating interest in JDZ Block 4. Our technical partner, Addax Petroleum, an experienced exploration and production company with significant interests throughout the JDZ, is the operator of JDZ Block 4. Addax executives have indicated that drilling could commence as early as the fourth quarter of this year. The Joint Development Authority (JDA), which was set up by the governments of Nigeria and Sao Tome and Principe to administer the JDZ, has approved the first drilling location, the Kina Prospect.
"Initial exploration of JDZ Block 2, in which ERHC Energy has a 22 percent participating interest, is currently expected to commence in 2009. Sinopec Corp. is the operator of JDZ Block 2. As we have stated previously, Sinopec and Addax Petroleum jointly contracted the Aban Abraham deepwater drillship, which continues to undergo refurbishment in Singapore. Discussions continue regarding the specific drilling location in JDZ Block 2.
"In JDZ Block 3, in which ERHC Energy has a 10 percent participating interest, the JDA has approved the first well location at what is known as the Lemba Prospect. Anadarko is the operator of JDZ Block 3 and has not disclosed a potential timeline for exploration.
"If you have not recently visited the ERHC Web site, I encourage you to review the latest seismic images that have been disclosed by our technical partner, Addax Petroleum, at www.erhc.com/jdzprospectivity. The images showcase what geologists and engineers, using advanced technologies, have determined lies beneath 5,000 feet of water and sand on the bottom of the Gulf of Guinea.
"ERHC remains interested in diversifying its asset and investment portfolio. As reported several months ago, ERHC's board of directors approved the reformulation of ERHC's business plan and expansion of strategic focus in August 2007. Greater flexibility was therefore granted to the Company's leadership, letting us explore opportunities beyond the Gulf of Guinea. Most recently, after due consideration and technical appraisal of a proposal to acquire a significant stake in a company pursuing mining investments in South East Asia, ERHC decided not to pursue the proposal. Going forward, ERHC will continue to consider opportunities in mining and minerals in addition to possible acquisitions in oil and gas.
"Plans are taking shape for ERHC Energy's annual shareholders' meeting on April 22, 2008. The requisite notice of meeting and proxy statement were filed with the U.S. Securities and Exchange Commission on March 17, 2008. The documentation has been mailed to all shareholders of record as of that date. The meeting will be held at the Renaissance Houston Hotel in Houston, Texas. We hope to see you there.
"ERHC Energy's annual report for 2007 has been completed and is also being sent to shareholders of record as of March 17, 2008. The annual report extends the Company's theme, 'Deep Opportunity.' The annual report continues our telling of the ERHC story and we encourage you to pass it along to others.
"Speaking of telling the ERHC story, the ERHC Energy staffers were doing a lot of that at Nigeria Oil & Gas 2008, a major conference and exhibition in Abuja, Nigeria where ERHC had a significant presence as sponsor and exhibitor. Some photographs from the event have been posted on our Web site and if you have not already seen them, please do so. According to conference organizers, the event attracted nearly 4,400 visitors, approximately 1,100 conference delegates and more than 100 journalists. It was an enormous success. Stories featuring ERHC Energy have already appeared in a number of trade publications.
"And finally, we have received a number of questions from shareholders regarding the significance of a photograph used in various marketing materials and posted online in February. As we have consistently stated, ERHC's management continues to explore options, proposals and prospects that might advance the interests of the Company and our shareholders. It is important to note, however, that ERHC Energy has not signed any letters of intent (LOIs), memoranda of understanding, undertakings or any other form of legal obligation related to any information or transaction that might appear to be depicted in the photograph. In the event that the ERHC leadership signs or enters into any LOIs or agreements related or giving rise to any material transaction, we will publicly disclose that information by the requisite means of dissemination.
"On behalf of the entire ERHC Energy family, thank you for your ongoing trust and support."
Sincerely, Nicolae Luca Acting Chief Executive Officer.
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Mar 31, 2008 -- PURE Bioscience (PINKSHEETS: PURE) announced today that its application for listing of its common stock has been approved by The NASDAQ Stock Market. PURE Bioscience anticipates that its common stock will begin trading on The NASDAQ Capital Market at the opening of the market on Wednesday April 2, 2008. The stock will trade under the symbol "PURE."
"Returning to the NASDAQ Stock Market has been a primary goal for us this year," said Michael L. Krall, President and Chief Executive Officer of PURE Bioscience. "We expect NASDAQ's electronic multiple market maker structure to provide our company with enhanced exposure and liquidity, and afford our investors the best prices, the fastest execution, and the lowest cost per trade. As the world's largest electronic stock market, NASDAQ promotes innovation and attracts leading growth companies from a diverse group of sectors. PURE Bioscience certainly fits that description, and we look forward to being a part of The NASDAQ Stock Market."
"We are thrilled that PURE Bioscience has chosen to relist their stock on NASDAQ," said Bob McCooey, Senior Vice President of New Listings and Capital Markets of The NASDAQ OMX Group, Inc. "PURE Bioscience joins the world's largest exchange company that spans six continents." We look forward to supporting PURE Bioscience and its shareholders as they make their transition to NASDAQ."
About PURE Bioscience
PURE Bioscience develops and markets technology-based bioscience products that provide solutions to numerous global health challenges, including Staph (MRSA). PURE's proprietary high efficacy/low toxicity bioscience technologies, including its silver dihydrogen citrate-based antimicrobials, represent innovative advances in diverse markets and lead today's global trend toward industry and consumer use of "green" products while providing competitive advantages in efficacy and safety. Patented SDC is an electrolytically generated source of stabilized ionic silver which formulates well with other compounds. As a platform technology, SDC is distinguished from competitors in the marketplace because of its superior efficacy, reduced toxicity and the inability of bacteria to form a resistance to it. PURE is headquartered in El Cajon, California (San Diego metropolitan area). Additional information on PURE is available at www.purebio.com.
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