Wednesday, January 23, 2008
(Pink Sheets: CJGH), (Pink Sheets: RLTR), (Pink Sheets: ONMC), (OTCBB: PMED).
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China Jiangsu Golden Horse Steel Ball, Inc. (Pink Sheets: CJGH ) (January 22, 2008,) a leading Chinese manufacturer and supplier of ball bearings, wishes to announce that its controlled affiliate, Jiangsu Golden Horse Steel Ball Co., Ltd. ("Jiangsu Golden Horse") will take an active role in the Chinese Government's 11th five-year technology development plan of the steel ball industry, which is formulated based on the requirements of China's Bearing Industry 11th five-year development program, has been approved by China Bearing Industry Association Technology Committee.
Jiangsu Golden Horse, a domestic People's Republic of China company, will undertake several new technology developments in the steel ball industry for 2008 and 2009. Three programs are slated for 2008 and will include the research of G3 grade high-precision steel balls, the research of new resin grinding wheel milling techniques, and the development of automotive bearing steel wire. In 2009, three programs will research the life span test machine of steel balls, development of steel ball line processing technology, and the development of cold heading active control technology of steel balls.
The Company along with its affiliates and controlled entities is one of the top five manufacturers of steel ball bearings in China. The Company produces over three billion ball bearings annually of various specifications along with its development of over 15 new products, such as stainless steel balls, aluminium balls, and ceramics balls. In addition, the Company continues to export its products to over twenty countries worldwide including the USA, Japan, Brazil, India, and Germany.
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ReelTime Rentals, Inc. (Pink Sheets: RLTR) (January 23, 2008) announces that Sony Pictures Television, a subsidiary of Sony Pictures Entertainment, will utilize the Intelligent Rapid Delivery System (IRDS) technology originally created by Innovative Communications Technologies, Inc. (ICT) through ReelTime Rentals, Inc. The ICT Research and Development Team developed and then sold the IRDS technology to ReelTime Rentals, Inc., a US company that manages and delivers streaming video via its on line broadband network at www.reeltime.com.
IRDS technology has significant advantages in cost and quality over other systems in current use. "Sony is one of the first Hollywood studios to make use of digital distribution of content and understand its impending impact," said Joel Edwards, Director of Business Development with Innovative Communications Technologies. "The Sony agreement with ReelTime is a huge endorsement for the IRDS technology and ICT Product Development."
ICT R&D will continue to leverage its 18-year product development strengths to the currently announced "Cannes Project" mobile broadband voice and data platform and other projects in the ICT R&D pipeline.
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AQUAGOLD INTERNATIONAL, INC. (Pink Sheets: ONMC ) (January 22, 2008) is pleased to announce the completion of filing of final merger documents with both the State of Nevada and NASDAQ. In addition to the filing of final merger documents AQUAGOLD USA INC. has filed for the official name change and applied for a new CUSIP number with the respective legal entities. Manuel Da Silva (CEO, AQUAGOLD INTERNATIONAL, INC.) thanks shareholders for their patience through this process and anticipates a successful and profitable relationship at the onset of this new phase for AQUAGOLD INTERNATIONAL, INC.
Jesse Rodriguez, now former Interim President & CEO of Omninet Media.com, Inc., says, "It has been an honor serving you, the shareholders, for the past year. At this point I feel that I have achieved my goals and objectives of finding a merger partner with excellent short and long term vision and market potential for strong shareholder equity in 2008 and beyond. I have now officially resigned as an officer and director and turn the operations of our company over into the control of the competent management team and Board of Directors headed up by Mr. Manuel Da Silva, your new Chairman, President and CEO. Please forward all future correspondence and phone calls to AQUAGOLD INTERNATIONAL, INC."
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Paradigm Medical Industries, Inc. (OTCBB: PMED) (January 23, 2008) a leader in glaucoma diagnostic and management devices, announced today it has settled the last of its currently active lawsuits against the Company. The Company disclosed it had reached an out-of-court settlement with Larry Hicks, a former consultant. Terms were not disclosed.
In 2006, Paradigm Medical resolved two suits filed by former employees via summary judgments in favor of the Company. Paradigm Medical also resolved several class-action suits out of court in 2005. All of these lawsuits, including Hicks and the class action suits, were filed in 2003.
"We can now fully concentrate on our core business of developing, manufacturing and marketing of diagnostic glaucoma equipment that we provide to the ophthalmic industry," said Paradigm Medical's Chief Executive Officer, Raymond Cannefax. "Management has spent substantial time defending the Company in these suits. We can now have full focus in implementing our strategies and business plan."
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Tuesday, December 11, 2007
(Pink Sheets: BWNR), (Pink Sheets: ONMC), (OTCBB: AWYI), (OTCBB: EBOF).
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Brownstone Resources Inc. (Pink Sheets: BWNR ) (December 12, 2007) 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.
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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OMNINET MEDIA.COM, INC. (Pink Sheets: ONMC ) (December 12, 2007) soon to be AQUAGOLD International, Inc., today announced the FHC 2007 China Show was a huge success for the company, resulting in many new orders and inquiries. AQUAGOLD is busy filling the demand derived from this trade show and the first shipments of AQUAGOLD premium Canadian spring water have arrived in China to begin filling this demand.
Mr. Manuel Da Silva, President & CEO of AQUAGOLD International, Inc., commented: "This is an exciting time for AQUAGOLD and its shareholders. The trade show went better than we could have hoped for and we are very excited about the huge potential for AQUAGOLD in China. This is yet another step ahead for us in our plans to make AQUAGOLD the #1 premium Canadian spring water in China."
Mr. Da Silva continued, "Within the next 10 days we expect to have the merger finalized and immediately file for the corporate name and symbol change, as well as the details of the contracts we are currently filling immediately thereafter. This is an exciting time for our company and I look forward to keeping our shareholders updated as events unfold."
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Ariel Way, Inc. (OTCBB: AWYI) (December 12, 2007) announced that the Company has signed a letter of intent to acquire Syrei Holding UK, Ltd, a UK and Sweden based a telecom-consulting firm comprised of senior specialists and experts in the evolving global telecommunications market (www.syrei.com). The deal is forecast to add more than $7.5 million in annualized revenue and to be accretive to Ariel Way's 2008 earnings with over 10% EBITDA. The transaction, which is subject to the signing of definitive agreements and customary closing conditions, has a two-step closing process with a first expected closing in late December 2007. The terms of the transaction were not disclosed.
Arne Dunhem, Ariel Way president and CEO, said, "We are excited with the prospect of having Syrei and its highly skilled consultants to be part of our operation. Thomas Strangert's team of technical experts have over ten years successfully provided and will continue to provide services worldwide to major corporations and telecom operators. They will also add global expertise to our strategy of building a state-of-the-art highly secure Digital Signage Network and will have primary focus on markets in Europe and Asia. We expect this acquisition to be immediately accretive to Ariel Way's earnings. Further, upon the full integration of this transaction, we anticipate moving into the black at the operating income line on a consolidated basis."
Syrei, founded in 1997, is a telecom-consulting firm operating out of the UK and Sweden comprised of senior specialists and experts in the evolving global telecommunications market. Syrei's management and technical experts have successfully delivered professional services to value added service providers, telecom equipment manufactures and operators in more than 40 countries around the world. Syrei is a complete solution provider and a system integrator that is able to accept the total responsibility of large and complex projects. Syrei's consultants have been brought in to advise and aid major corporations and telecom operators like Ericsson, Nokia, 3GIS, ABB, Orange, SonyEricsson, Swedbank, Tele2, TeliaSonera, TIM etc.
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Earth Biofuels, Inc. (OTCBB: EBOF) ( December 12, 2007) today announced that the petition for involuntary bankruptcy filed against the Company on July 11th of this year was dismissed on, December 10, 2007, by the U.S. Bankruptcy Court for the District of Delaware.
The Company is no longer involved with any bankruptcy proceedings and is moving forward with its restructuring and growth plan. That plan is focused on the expansion of Company's liquefied natural gas business, the Company's biodiesel production and marketing operations, the development of cellulosic ethanol production technologies, and the development of biofuels retail marketing and distribution.
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