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Brownstone Resources Inc. (Pink Sheets: BWNR) (December 12, 2007, 8:30am ET) Brownstone Resources Inc. -- Arizona has a rich history of copper and gold mining dating back over 200 years. Recently there has been a marked increase in the level of activity and interest in exploring for new discoveries of gold, uranium and copper mineralization deposits. Brownstone will soon be the next junior resource exploration company to gain a presence there.
Ken Lamb, President of Brownstone Resources, commented, "We are just putting the final touches on the contract for the Arizona property, after recently having signed the LOI. Once the remaining due diligence is completed, we anticipate moving quickly on signing the final contract and starting the first stage of the proposed program. We would expect to have the project under way early in the New Year."
In 2006, all of Arizona's gold production came as a byproduct of copper mining. According to the Arizona Department of Mines and Mineral Resources, Arizona has 402 mines in operation that have generated $6.7 billion worth of metals' sales.
Some of the companies exploring for minerals and metals in Arizona are: American Bonanza, Black Pearl, Augusta Resources, Aurelio Resource Corp, Bell Resources, Denison Mines, Golden Arch, High Desert Gold, Nord Resources, to name a few.
Companies mining metals in Arizona include Asarco, BHP-Billiton, Freeport-McMoran Copper & Gold, Groupo Mexico, Mercator Minerals, Phelps Dodge, Arizona Star.
The company will make further announcements on the pending closing and commencement of the exploration program as they occur.
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Liberty Diversified Holdings, Inc. (Pink Sheets: LDHG) (December 12, 2007, 8:30am ET) Liberty Diversified Holdings, Inc. announced yesterday that it has acquired 100% of the assets of XND Technologies, Inc. (XND), an Arizona corporation, including all of its proprietary formulations, patents and trademarks, and its existing production and distribution systems. XND has been working to produce and distribute a line of nutrient-enhanced bottled water products that contain no calories, no carbohydrates, no colors and most importantly, no flavors other than pure water, and does this using a process that is more efficient and less costly than others currently in use. This concept is unique because no other producer adds organic nutrients without also adding masking flavors, colors or sweeteners. Now that these agreements are finalized, Liberty will immediately redirect its entire efforts to the premium bottled water industry and bringing to market a full line of nutrient-enhanced water products to compete with currently available products such as VitaminWater and SmartWater. Initial products are expected to include those enhanced to provide vitamin support for general health, a diet formulation for weight watchers, an immune booster, an energy and fitness drink, and others. Liberty is also in the final stages of negotiations for the acquisition of assets for a second water company, and a further announcement regarding that transaction is expected very soon.
Liberty acquired the assets of XND in exchange for stock and no cash was involved in the acquisition. As a result of the transaction, controlling interest in Liberty has been passed to the stockholders of XND. Liberty will immediately apply for a name change to reflect its new direction in the bottled water business and Liberty's current officers and board will remain in place until the name change is complete and no later than December 31, 2007. Once the new name is in effect, Mr. Steve Nickolas, the current CEO and President of XND, will be appointed President, CEO and Chairman of the Board of the Company, and a new Board of Directors will be established. At that time, Mr. Ron Touchard and Dr. Michael Brown, Liberty's current CEO and President, respectively, will step down from their positions as officers and directors of the Company but will remain with the Company in other positions to be announced later.
Incoming Chairman, President and CEO Steve Nickolas is a 30-year veteran of the beverage and bottled water industry who has worked as a beverage consultant and in a variety of management positions, including assignments at Anheuser-Busch, Nestles, Whitlock Packaging, Proctor & Gamble and Suntory. Mr. Nickolas opened the first bottled water company in Hawaii in 1980 and by 1990 had developed water companies around the world including Micronesia, Indonesia, the Philippines, Israel, Germany and several in the U.S. He later founded Apani Bottled Water Co., a new bottled water concept using small packaging PET bottles, which he grew to over $35 million in annual sales. He is also the Founder and President/CEO of XND Technologies, Inc. Mr. Nickolas has a B.S. degree in Political Science and Economics from the Claremont Colleges and has completed postgraduate work at Claremont Graduate School and Cal Poly Pomona in Government and Psychology.
Commentary
In response to this announcement, Ronald C. Touchard, Chairman and CEO of Liberty Diversified Holdings, Inc., commented, "We are very pleased to announce to acquisition of the assets of XND Technologies, Inc. The structure of these acquisitions will integrate the assets of Liberty and XND into a single company, which we feel is a much better situation for us on the market place, and our new name and change of management signals our full commitment to our new corporate direction. We are also pleased to introduce our incoming Chairman and President/CEO, Mr. Steve Nickolas, who we believe has the ideal expertise and experience to lead the company to success as we become a major player in the premium bottled water industry. We are now moving ahead full steam to secure the necessary funding to scale up operations and we are more excited than we have ever been about both the near and long-term future of our company."
Mr. Nickolas added, "This is a very exciting day for us. We have worked very hard at XND to develop an outstanding line of products and to position ourselves for rapid entry and expansion in large and fast-growing industry. The acquisitions of these companies' assets by Liberty Diversified Holdings, Inc. provide us with the best of all possible worlds. Our current management team will remain in place to see this vision through to completion, while Liberty's access to capital markets will allow us to move forward much more quickly than otherwise possible. Now that this integration is complete, we look forward to making many additional announcements in the very near future."
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China Organic Agriculture, Inc. (OTCBB: CNOA) (December 12, 2007, 8:30am ET) China Organic Agriculture, Inc., a growth-driven agricultural and products company leading China's organic foods revolution, today announced that Changqing Xu, has been appointed as the new Chief Executive Officer of China Organic Agriculture on December 6th. The Company has been under the oversight of Huizhi Xiao, Chairman for the last several months. New CEO Changqing Xu will add to the already strong leadership of the Company. Mr. Xu, MBA has 15 years of experience in management, and 5 years of senior level management overseas. Mr. Xu held positions such as CEO, COO, market manager and supervisor specializing in asset and resource restructuring as well as overseas expansion.
"We are very happy to announce the appointment of our new CEO, Mr. Xu. His extensive experience will only help us realize our goals. With his admirable leadership and guidance, we will be able to pursue more green food corporations as well as other acquisitions that will be beneficial for our Company and its shareholders," said Chairman, Huizhi Xiao.
"We feel that this process will enable our Company to see even great growth in 2008 and beyond. We will expand our distribution channels as well as diversify our operations," added Changqing Xu, the new CEO of China Organic.
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Global Resource Corp. (Pink Sheets: GBRC) (Thu, December 12, 2007, 8:14am ET) Global Resource Corp., a developer of a patent-pending microwave technology and machinery for extracting oil and gas, announced today that WCBS NewsRadio 880 interviewed Chairman Frank Pringle about the company's technology for extracting energy producing microwave technology.
The broadcast, Getting Energy From Unexpected Places, was featured on The Dishin Digital program with Paul Murnane. It can be heard many times during the day in the Tri-State area as well as Pennsylvania and southern New England. The broadcast can be accessed as well by following link: http://www.wcbs880.com/pages/4609.php
Chairman Frank Pringle of General Resource Corp. said, "Thanks to Paul Murnane and WCBS NewsRadio for broadcasting the news of Global Resource Corp.'s microwave technology for extracting oil and gas from old tires and river sludge. We are pleased at the opportunity to get the word out about the terrific progress we have made in discovering news sources of fuel through our revolutionary emissions-free technology process."
The radio broadcast follows on the heels of last week's article in the Philadelphia Inquirer which also reported that Dinesh Agrawal, director of Pennsylvania State University's Microwave Processing and Engineering Center, signed a contract with Global Resource Corp. of West Berlin, N.J., to help get funding and develop large-scale applications for the technology.
The article also quoted the professor as saying "'It is very, very significant, what he has done,' said Agrawal, a professor who has been studying microwave uses for 20 years." The company also noted that in a report made June that was released July 17, the U.S. Department of Energy profiled Global Resource and its microwave technology for oil shale recovery as a help in making the U.S. energy independent.
In addition, Popular Science Magazine selected Chairman Frank Pringle as a "Green Tech Innovator" and General Resource Corp.'s microwave technology as one of its "Best of What's New '07."
Time Magazine also selected the company's microwave technology as one of the "Best Inventions of the Year" because of its ability to "pull fuel out of shale rock, tires and even plastic bottles." In its annual round up of "Best Inventions of the Year," Time Magazine selected 46 inventions in 12 categories, from Cars & Buses to Health. Global Resource's microwave technology is included in the environment category.
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