|
Disclaimer
PennyMarkets.com information should not be construed as investment advice. PennyMarkets.com and its affiliates are not investment advisors. Penny Stocks are risky investments, and investors can lose all of their investment. Before making any investment decision please consult an investment advisor. Here is a link to several investment advisors!
Saturday, August 28, 2004
Ocean Resources to Depart September 15 for Initial Metals Recovery Project
Ocean Resources to Depart September 15 for Initial Metals Recovery Project: "DALLAS--(BUSINESS WIRE)--Aug. 27, 2004--Ocean Resources (OTCBB:OCRI) today announced that its vessel, MV Ocean Boomer, will leave port at Liverpool, England on or before September 15 en route to an Atlantic Ocean salvage operation of copper ingots. The recovery project, the company's first, is being performed on behalf of Great Britain's Treasury Department. The proceeds of sale of any ingots salvaged will be realized upon return to port, said the company. Semi-precious metals are currently in a period of significant appreciation on international commodities markets. Since September 2003, copper has risen from $.80 to $1.30 per lb. Accordingly, the cargo of copper ingots on this first recovery project is valued at $5 to $7 million. 14% of recovery proceeds is payable to Great Britain's Treasury Department.
The target wreck is a World War I merchant ship sitting bolt upright with cargo holds open in a relatively shallow 1300 feet of water. Ocean Resources' proprietary ROGE (Remotely Operated Grab Excavator), a hydraulically operated multi-jaw grab, will descend to the ship and attempt to bring its copper ingots to the surface. ROGE is among the world's most advanced deep sea excavating devices, capable of passing through narrow hatches, seizing up to three tons of material in a single grab and operating at depths of up to 16,000 feet, almost double the capacity of competitors.
The project will be directed by the company's vice president of salvage recovery operations, Graham Jessop, an internationally accomplished deep sea salvage expert who participated in the recoveries of the RMS Titanic, RMS Carpathia, S.S. John Barry and HMS Edinburgh. Following this project "
www.pennymarkets.com penny stocks
Secretary of Navy Recognizes Force Protection, Inc., at Marine Corps Systems Command Ceremony
Secretary of Navy Recognizes Force Protection, Inc., at Marine Corps Systems Command Ceremony: "QUANTICO, Va.--(BUSINESS WIRE)--Aug. 27, 2004--Secretary of the Navy Gordon England has recognized the Marine Corps Systems Command for meritorious achievement in planning, acquiring and fielding essential war-fighting equipment in support of Iraqi combat operations, including Force Protection Inc.'s (OTCBB:FRCP) Cougar mine and blast protected vehicle.
Force Protection, Inc. was one of several organizations recognized by Secretary England during a visit to Marine Corps Base Quantico on July 29, 2004.
'We are proud to work with Marine Corps Systems Command in support of the Marines in Iraq and around the world,' said Michael Watts, CEO of Force Protection, Inc. 'Force Protection is committed to making vehicles that keep our troops safe, and we are deeply appreciative of this recognition given by Secretary England.'
For the presentation, Commanding General, BGen William D. Catto of Marine Corps Systems Command displayed much of the equipment that the command provides to Marines in Iraq and selected pieces of equipment scheduled for deployment in the near future. The display included Force Protection's mine and blast protected Cougar Hardened Engineer Vehicle (Cougar HEV). The Cougar HEV will meet the immediate need for Marine engineer mine clearing and explosive ordnance disposal teams to combat the threat of landmines and improvised explosive devices in known threat areas. The first vehicles are scheduled for delivery to deployed Marine units this fall. "
www.pennymarkets.com penny stocks
AirGATE Technologies Announces Completion of Prototype `Smart Buckle' Technology for Automotive Child Safety Seats
AirGATE Technologies Announces Completion of Prototype `Smart Buckle' Technology for Automotive Child Safety Seats: "The X-Change Corporation's (OTCBB:XCHC) wholly owned subsidiary AirGATE Technologies today announced successful completion of its RFID prototype for use with automotive child safety seats, utilizing its 'Smart Buckle' technology.
The AirGATE 'Smart Buckle' technology is incorporated into a standard child safety seat. Miniature Radio Frequency transmitters transmit a low-powered radio signal to a dashboard or visor-mounted reader, triggering an audible warning to the driver of the car when it detects that a child is riding in a safety seat whose straps are not properly buckled, or if the safety seat buckle is not disengaged and the child is not removed from the seat after the car is parked and the ignition is turned off, indicating that the child may have been unintentionally left in the car.
'We believe that the AirGATE 'Smart Buckle' technology addresses two serious situations surrounding child safety and the use of child car seats: seat buckles not engaged and children who are mistakenly left unattended in vehicles,' said Michael Sheriff, CEO of AirGATE Technologies. 'There have been a growing number of instances where sleeping infants and small children have been accidentally forgotten and left in parked cars with tragic results. The AirGATE 'Smart Buckle' technology is very simple for any parent to install and will be very reasonably priced. We plan for the 'Smart Buckle' technology-enabled child safety system to become a standard feature installed by the manufacturers of child safety seats.'
AirGATE Technologies will announce a press conference in September to demonstrate its technology. "
www.pennymarkets.com penny stocks
GTEL Holds Annual Shareholders Meeting
GTEL Holds Annual Shareholders Meeting: "FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 27, 2004--GlobeTel Communications Corp. (OTCBB:GTEL) held its annual shareholders meeting last night at the Wyndham Hotel in Ft. Lauderdale.
With over 91% favorable votes from all shareholders entitled to vote, the seven (7) nominees for the Board of Directors were elected and the appointment of Dohan & Company, CPAs, P.C. of Miami, as the independent auditors for the year ending December 31, 2004 was ratified.
The Directors elected for a one year term ending at the next shareholders meeting in 2005 are: Przemyslaw L. Kostro, Timothy M. Huff, Mitchell A. Siegel, Jerrold R. Hinton, Leigh A. Coleman, Michael K. Molen and Kyle McMahan.
The meeting was immediately followed by a comprehensive presentation by Mr. Huff, and Mr. Coleman, CEO and President, respectively, of GlobeTel and Mr. Molen, CEO of Sanswire Network, LLC (Sanswire), a wholly owned subsidiary of GlobeTel. The presentation provided details of the company's current operations and the visions for the future, highlighted by Sanswire's proprietary technology, the Stratellite.
Mr. Huff also announced that the company has already began to take necessary actions to move to the American Stock Exchange (ASE) as early as the first quarter of 2005, and that the company already meets the ASE's requirement of being a $50 million market cap company to qualify. He also announced that there are several significant activities in the process which the Company will be providing to the shareholders sometime after Labor Day.
Mr. Huff stated, 'In behalf of myself and the rest of the newly-elected Board Members, we would like to thank all our shareholders for continuing to allow us the "
Unico Receives Acceptance to Begin Exploratory Drilling Activities on Deer Trail Project
Unico Receives Acceptance to Begin Exploratory Drilling Activities on Deer Trail Project: "MAGALIA, Calif.--(BUSINESS WIRE)--Aug. 27, 2004--Unico Incorporated (Arizona) (OTCBB:UNCN) announced today that the Company has received acceptance for its wholly-owned subsidiary, the Deer Trail Mining Company, LLC, to begin exploratory drilling activities at the Deer Trail Mine located in Marysvale, Utah. Permitting and acceptance of the Company's intention to commence exploration activities at its Upper Deer Trail Project has been completed and authorized by the State of Utah, Department of Natural Resources, Division of Oil, Gas and Mining. The acceptance paves the way for the beginning of the first phase of drilling at the Deer Trail Mine and is valid for the 2004-2005 exploration season.
Unico, Inc. recently signed a definitive agreement with Lang Exploratory Drilling, a division of Boart Longyear Company, designed to identify ore deposits and prove resources at the Deer Trail Mine and is scheduled to begin August 30, 2004. The drilling project will target specific areas in an effort to identify near surface deposits of the Upper Deer Trail Mine and determine potential resources for open pit and underground mining possibilities on a large-scale basis.
Ray C. Brown, Chairman and Chief Executive Officer of Unico, commented, 'The acceptance to commence this drilling program is an important step in the Company's strategic plan to maximize the potential of the Deer Trail Mine, and we look forward to the opportunity to share the results with our shareholders once the drill samples have been certified and analyzed by an independent assay lab.'
About the Company:
Unico Inc. filed an N-54 election with the SEC on July 12, 2004 to become a Business Develo"
www.pennymarkets.com penny stocks
Arbitrator Resolves Dispute Between Akorn, Inc. and AEG Partners LLC
Arbitrator Resolves Dispute Between Akorn, Inc. and AEG Partners LLC: "BUFFALO GROVE, Ill.--(BUSINESS WIRE)--Aug. 27, 2004--Akorn, Inc. (OTCBB:AKRN.OB) today announced that the matter submitted to binding arbitration between Akorn and AEG Partners LLC ('AEG') has been resolved. The matter submitted to arbitration concerned a dispute between Akorn and AEG regarding a success fee payment that AEG claimed it was due in connection with a transaction between Akorn and a group of investors that occurred on October 7, 2003. The arbitrator took the matter under submission and rendered his decision dated August 19, 2004, which Akorn received on August 23, 2004. The arbitrator's decision (i) directed Akorn to pay to AEG the sum of $300,000, plus interest of 5% per annum from October 7, 2003 (approximately $13,479), (ii) directed Akorn to issue to AEG warrants to purchase 1,250,000 shares of Akorn's common stock at an exercise price of $0.75 per share, and (iii) denied AEG's request that Akorn pay AEG's attorneys' fees and costs. As a result of the arbitrator's decision, Akorn will be recording a one-time gain of approximately $373,000 in the third quarter of 2004. If AEG decides to exercise all of its warrants, Akorn will receive $937,500 at an exercise price of $0.75 per share. "
www.pennymarkets.com penny stocks
WorldTeq Reports Financials
WorldTeq Reports Financials
ROCKVILLE, Md.--(BUSINESS WIRE)--Aug. 27, 2004--WorldTeq Group International Inc. (OTCBB:WTEQ), a full-service solutions provider of Affinity Services including Telecom, Internet and Financial Services today announced second quarter 2004 financial results.
Revenue was $106,398 vs. $117,539 during the first quarter 2004. Revenues decreased primarily from focusing on the development of the Spanish Internet portal in September 2004, MundoTeq.com. Net loss for the second quarter was 41% lower than the first quarter or $163,823, .00 EPS, versus a loss of $279,581, .01 EPS, during the first quarter 2004. The loss for the second quarter included development costs associated with the launch of MundoTeq. The loss also included a one-time non-recurring stock expense of $180,000 for services rendered. The company anticipates meeting or exceeding previously announced revenue and earnings estimates for 2004 based on the introduction of its portal technology during Q3 2004 as well as continued growth from the current financial and telecom products. It is expected that revenues will increase significantly during the third quarter and fourth quarter of 2004 due to recently signed telecom contracts. We also anticipate a continued increase in 2004 due to the fact we are launching MundoTeq during the end of the 3rd quarter of 2004. While costs will be kept to a minimum because of back office automation, we are expecting additional costs with the launch of this product. These new costs will be directly related to an increase in new revenues.
A conference call to discuss these results will be on Monday, August 30, 2004 at 4:05 pm. For increased efficiency of the call, this call will be listen only. Please forward all questions to the company so that they can be answered during the call. The number for this call will be 800-747-5150, password 5302662.
Sunday, August 22, 2004
Google Goog Investor Message Board Quote News 10q
Google Goog Investor Message Board
Google Inc. maintains an online index of Websites and other content, which it makes available freely to anyone with an Internet connection. Its automated search technology helps people obtain nearly instant access to relevant information from its vast online index. The Company generates revenue by delivering relevant, cost-effective online advertising. Businesses use the Company's AdWords program to promote their products and services with targeted advertising. In addition, the thousands of third-party Websites that comprise the Google Network use the Google AdSense program to deliver relevant ads that generate revenue and enhance the user experience.
These boards allow investors to communicate in spam free forum.
Goog Investor Message Board
Galaxy energy corporation news dd message board
Galaxy energy corporation news dd message board
Galaxy Energy Corporation (OTC BB: GAXI) is in the business of oil and gas exploration and production and is currently acquiring and developing coalbed methane (CBM) and other unconventional and conventional natural gas properties in Wyoming, Texas, Montana, Europe and other areas that offer attractive exploitation opportunities for natural gas
In the first quarter of 2004, Galaxy, through its operator, Continental Industries of Casper, Wyoming, initiated drilling operations on its acreage near Leiter, Wyoming. The Bumbaca 13P-25 well was spudded on February 3, 2004. A second CBM well, Perry 1P-25, was spudded Feb. 5, 2004. These two wells marked the beginning of a continuous program to develop Galaxy’s acreage in the Powder River Basin with Continental Industries as its operator. Subject to the results of initial test wells, Galaxy could drill additional development wells on its Leiter, Wyoming, acreage. Five wells had previously been drilled and cased on this property. One zone in these wells has been partially dewatered and Galaxy feels that the wells can be put on production by mid-2004. Galaxy owns 100% interest in these existing wells. Six coal seams have been identified throughout the lease area. The seams range in thickness from 10 to 35 feet at depths of 600 feet to 3,200 feet below the surface. The goal of the current drilling program is to further develop one primary zone of interest that is completed in the five existing wells that were acquired on the property. The new activity is designed to complete the additional wells in a manner, which will permit multiple zone completions.
The proximity to other operators in the area will allow Galaxy to benefit from some established infrastructure of gathering systems and pipelines. A 20-inch high-pressure transmission line runs directly through Galaxy's Leiter, Wyoming, acreage. This acreage is located in known productive coal seams and is in the vicinity of properties that are held by larger CBM developers.
BUFFALO RUN, PIPELINE RIDGE, HORSE HILL, DUTCH CREEK
Galaxy has acquired all of Continental Industries’ interests in Sheridan county in Wyoming’s Powder River Basin. These operations consist of four CBM development projects located approximately twelve miles southeast of Sheridan, Wyoming.
The projects, known as Buffalo Run, Pipeline Ridge, Horse Hill, and Dutch Creek, encompass more than 12,000 gross acres and represent a unique CBM development opportunity for Galaxy with significant undeveloped resource potential in the heart of the western Powder River Basin.
The four projects are in the early implementation stages with 61 wells already drilled. Of these 32 have been completed, and approximately half already exhibit gas pressures of up to 50 psi at the wellhead. The remaining wells have all had gas shows during drilling but produce more water, thereby suppressing any wellhead pressure until dewatering begins. None of these wells has been stimulated, and negotiations to obtain electrical power and pipeline access have also begun. The program to drill additional development wells in these project areas will resume in spring of 2004.
Water disposal will be accomplished without surface discharge through re-injection and off-channel storage ponds. Injectivity tests have been performed to confirm that the Bar N Coal, and shallow water sands will accommodate significant volume of water injection. This method of water disposal has been implemented in several CBM projects and is approved by the regulatory agencies.
Hot Penny Stocks News
WWAT WorldWater News DD Information
WorldWater A News 2004
We invite you to join us in our business of providing water and electricity to those people and governments of the emerging nations of the world through the use of proprietary solar powered technology. It is good business to bring in affordable and sustainable technology to markets where several hundred million dollars will be spent on water and independent power in the next few years – cultivating earnings per share while at the same time enhancing people‘s daily lives, their health, their education and their quality of life. We are committed to these endeavors. Join us. Please check out our company profile.
Please direct all inquiries to:
Investor@Worldwater.com
Hot Penny Stocks News
PRESS RELEASE Markland Introduces Wide Area Remote Chemical Detection Sensor
PRESS RELEASE Markland Introduces Wide Area Remote Chemical Detection Sensor
This technology is unique due to its ability to detect a variety of harmful chemicals from a safe distance, in some cases miles away from the point of release. In the event of a potential attack on a major city, this device could be used to remotely detect the total scope of the harmful gas, and the type of chemical threat that was released. This information would be transmitted to first responders and control centers to determine the proper response, and minimize the harm and damage.
EOIR Technologies has developed the wide area standoff chemical detection capability using a Fourier Transform Infrared (FTIR) sensor. The FTIR sensor was designed for use by the US Army under the Small Business Innovative Research Program (SBIR). This project successfully demonstrated the capability of the FTIR sensor to detect and characterize concentrations of chemicals or gases at a significant distance from the source. The wide area detection unit is still in a prototype stage, and EOIR is developing a production unit.
Originally envisioned as a device to monitor chemical releases on the battlefield, the possible applications for this new FTIR based sensor in the Homeland Security marketplace include major cities, crowded areas such as sporting events or conventions, mass transportation and port security. The FTIR sensor is capable of autonomous un-attended wide area surveillance. It has built in pan/tilt capability and demonstrates a 360 degree field of view scanning capability. Hyper-spectral signal processing allows for signature analysis of a broad array of potential chemical agent threats. These features make the sensor very suitable to solving problems that have been difficult to resolve by other means. This sensor when utilized in combination with portable ACADA point chemical detection systems, can offer a fully integrated chemical detection solution for many applications in the DOD and Homeland Security marketplace.
Hot Penny Stocks, And Penny Stocks Newsletter
PRESS RELEASE%3A Astris pilot production facility on schedule
PRESS RELEASE%3A Astris pilot production facility on schedule
Astris Energi Inc. (OTCBB: ASRNF), the world's leading alkaline fuel cell (AFC) technology company, today reported that construction of phase one of the pilot production plant designed to produce the new alkaline fuel cell POWERSTACK(TM) MC250 is on schedule. The pilot production plant is being built in the Czech Republic and should be complete within two weeks with production trials planned for September.
MISSISSAUGA, ON (PRWEB) August 21, 2004 -- Astris Energi Inc. (OTCBB: ASRNF), the world's leading alkaline fuel cell (AFC) technology company, today reported that construction of phase one of the pilot production plant designed to produce the new alkaline fuel cell POWERSTACK(TM) MC250 is on schedule. The pilot production plant is being built in the Czech Republic and should be complete within two weeks with production trials planned for September.
Hot Penny Stocks, And Penny Stocks Newsletter
T S Electronics%2C Inc. Files SEC Form 8-K%2C Changes Control of Registrant
T S Electronics%2C Inc. Files SEC Form 8-K%2C Changes Control of Registrant
Keith Boyd, the President of T S Electronics, Inc. (the "Company") (OTCBB:TSET), today announced that effective August 11, 2004, the Company entered into a Stock Exchange Agreement (the "Agreement") with Mr. Hou Xiao, the sole shareholder of China ESCO Holdings Limited ("China ESCO"), a company organized in the Hong Kong Special Administrative Region in The People's Republic of China, and its wholly owned subsidiary, AsiaNet PE Systems Limited, which are located in The People's Republic of China (the "PRC"). China ESCO is engaged in developing and manufacturing electrical energy-saving systems and products in the PRC.
Hot Penny Stocks, Penny Stocks, Newsletter

|
|