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In_The_News's Blogs
Sep
29
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Posted by: In_The_News
OIL CITY, La., Sept. 18, 2009 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc. ("the Company", "Dragon") (Pink Sheets:BDGR - News) announced that the 2009 meeting of shareholders will be held on 2 December, 2009, in Shreveport, LA , at 1 pm at the Best Western Richmond Hotel on I-20 exit 13 at the Shreveport Regional Airport.  Agenda details will follow in the formal notice to shareholders.  Holding an earlier shareholder meeting was postponed in order to finish the updates on financial records. Considerable effort and progress has been made by updating and reporting all financial statements from several years back. All reporting requirements are now current.  The first six months financial data have been posted on pinksheets. Additional accounting staff have been contracted to accomplish this task. Meanwhile all Company issues have been appropriately handled by Consent meetings of the Board of Directors. The new management is actively engaged in assuring that records are kept current and that Company activity is transparent to shareholders.

 

Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells some to deeper levels and to purchase additional leases.

Forward-Looking Statements - Safe Harbor:

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

 

Contact:

R G Bailey
318-995-0404
bdgroil@bellsouth.net
www.black-dragonoil.com

 

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Sep
28
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Sep. 24, 2009 (Business Wire) -- NanoViricides, Inc. (OTC BB: NNVC.OB) (the "Company"), announced today that the Company’s CEO, Eugene Seymour, MD, MPH has been invited as a panelist at the 2nd Annual Livingston Healthcare Summit on September 24th, 2009 in New York City.

Dr. Seymour will join other industry panelists in the “Drug Discovery and Development” session to discuss early to mid-stage financing and pharmaceutical alliance challenges and trends. The panelists and participants include pharmaceutical and biotech decision makers and executives, investors, government and regulatory agency representatives from a number of countries.

This is a unique, by invitation conference, designed to bring together key stakeholders from pharmaceutical, finance and investment, business strategy, as well as governmental science and regulatory segments, according to Conference Chair, Mostafa Analoui, PhD, Head of Healthcare and Life Sciences at Livingston Securities.

“This is an important opportunity to network with significant decision-makers in our industry,” said Dr. Seymour.

About NanoViricides:

NanoViricides, Inc. (www.nanoviricides.com) is a development stage company that is creating special purpose nanomaterials for viral therapy. The Company's novel nanoviricide™ class of drug candidates are designed to specifically attack enveloped virus particles and to dismantle them. The Company is developing drugs against a number of viral diseases including H1N1 swine flu, H5N1 bird flu, seasonal Influenza, HIV, oral and genital Herpes, viral diseases of the eye including EKC and herpes keratitis, Hepatitis C, Rabies, Dengue fever, and Ebola virus, among others.

This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by NanoViricides, Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities. Although it is not possible to predict or identify all such factors, they may include the following: demonstration and proof of principle in pre-clinical trials that a nanoviricide is safe and effective; successful development of our product candidates; our ability to seek and obtain regulatory approvals, including with respect to the indications we are seeking; the successful commercialization of our product candidates; and market acceptance of our products.


Source: Business Wire (September 24, 2009 - 7:00 AM EDT) .
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Sep
28
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Sep. 8, 2009 (GlobeNewswire) -- TORONTO, Sept. 8, 2009 (GLOBE NEWSWIRE) -- Element 21 Golf Company (OTCBB:ETGF) (Frankfurt:BJQ1), the leading manufacturer of advanced Scandium Alloy golf and biofiber fishing equipment, announced today that Dr.Hearn, CEO of Element 21 Sports will be presenting at the Rodman & Renshaw Annual Global Investment Conference on September 11, 2009 at New York Palace Hotel, New York. The Rodman & Renshaw Annual Global Investment Conference will be held September 9-11, 2009 at the New York Palace Hotel in New York. Dr. Hearn will present on Friday, September 11 at 10:25am in the Adams Salon (4th Floor) of the New York Palace Hotel. The conference schedule can be viewed through the following link: (http://www.meetmax.com/sched/event_4093/~public/nh/conference_presentations.html?event_id=4093). About Element 21 Element 21's premier products are golf clubs (www.e21golf.com) and fishing poles made out of Scandium and biofiber materials, which are lighter and stronger than Titanium, Graphite and Steel. Element 21's golf clubs have been used by renowned golf pros, such as the winner of the FedEx Cup in 2008. Element 21 has developed award winning fishing products (www.e21fishing.com). Element 21's Carrot StixTM represents the latest in cutting-edge technology, using a newly developed proprietary method of integrating nano level cellulose bio-fibers into the rod. The fishing products recently were recognized as the "BEST OF SHOW" in the 2007 and 2008 ICAST shows, the world's largest sports fishing show. Forward-Looking Statements Certain statements in this press release may constitute "forward looking statements" that involve risks and uncertainties. These include statements about our expectations, plans, objectives, assumptions or future events. You should not place undue reliance on these forward-looking statements. Information concerning factors that could cause our actual results to differ materially from these forward-looking statements can be found in our periodic reports filed with the Securities and Exchange Commission. We undertake no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events. CONTACT: Acorn Management Partners, LLC Investor Relations: John R. Exley, III 866-491-3739 678-368-4002 JRE@acornmanagementpartners.com http://www.acornmanagementpartners.com Element 21 Sports Company Media / Marketing: Nigel DaCosta 1-416-362-2121 ext. 104 Nigel.Dacosta@e21sports.com 1-888-365-2121 ext 106 sales@e21golf.com http://www.e21Sports.com .
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Sep
28
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Sep. 28, 2009 (GlobeNewswire) --

IRVINE, Calif., Sept. 28, 2009 (GLOBE NEWSWIRE) -- Clicker Inc. (OTCBB:CLKZ), an Internet brand-building firm focused on developing standalone brands, today announces its wholly owned property, www.ForWant.com, will add a new powerful application, Resume Portfolio Manager (RPM), to be included in the launch of Version 2.0 on Oct 12, 2009.

RPM will augment the effectiveness of www.ForWant.com as it adds new, highly-effective tools to the www.ForWant.com site to better assist job-seekers in finding the perfect job.

www.ForWant.com, a property of Clicker Inc., is a FREE online classified site of over ten million classified ads and enables users to search for a variety of postings including; Jobs, Housing, For Sale, Personals and Services advertisements throughout the United States, Canada, United Kingdom, and India.

RPM will allow www.ForWant.com users to have their resumes automatically and seamlessly routed to similar jobs in nearby cities of their choice. Users can upload pictures and create a personalized social networking site-style 'wall' for employers to view to gather greater in-depth information on prospective employees.

Automated email alerts of jobs that meet individual criteria will be sent to users daily. RPM also offers an optional third-party background check feature to employers for specific candidates or for sensitive positions that require detailed background information.

Other resume building features include access to industry experts from a wide variety of industries and fields to provide users with expert feedback on resume content and layout.

This information will give users an edge in creating the best possible resume for targeted positions and help differentiate themselves from the average applicant with a resume that reflects more what employers are looking for. www.ForWant.com is confident this feature will significantly more aid users in their ability to secure employment in the current competitive job landscape.

About ForWant.com

ForWant.com, a property of Clicker Inc., is a free classified site listing over ten million advertisements to assists users in effectively searching for a variety of items in specialized categories including, home and various sales items, personal ads as well as employment listings throughout the United States, Canada, United Kingdom, and India.

ForWant.com is an effective and user-friendly alternative to traditional online commerce sites in the estimated $20 billion global classified ad industry by focusing on the "for want" side of transactions as opposed to the traditional "for sale" format.

Forward-Looking Statements:

This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.

CONTACT:   Equity Technology Group Inc.
Marlena Gusmano
954.360.9800
Marlena@equitytg.com
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Sep
28
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Attention:  Assignment Managers                                 Contact: John Cousins

For Immediate Release                                                     505.821.0875

 

Albuquerque, NM (Sept. 29, 2009) – Medical diagnostics company Biomoda, Inc. (OTC Bulletin Board: BMOD) (www.biomoda.com) announced that Dr. Thomas Bauer, the Principal Investigator (PI) overseeing the Phase II clinical trial of Biomoda’s early-stage diagnostic for lung cancer, will read the follow-up CT scans and other data on study participants as part of the longitudinal component of the research.

 

“In addition to his thoracic surgery practice and his faculty positions, Dr. Bauer is widely recognized by his peers as one of the top lung cancer researchers in the field.  We are extraordinarily lucky to have his expertise and experience on our study,” Biomoda President John Cousins said.

 

Bauer is chief of thoracic surgery at the Helen F. Graham Cancer Center, Christiana Care Health System, in Delaware as well as clinical assistant professor of surgery at Jefferson Medical College and adjunct assistant professor of biological sciences at the University of Delaware. He has lead several lung and esophageal cancer studies and heads up Christiana’s participation in the International Early Lung Cancer Action Program (I-ELCAP).  

 

I-ELCAP is a group of 58 institutions in nine countries dedicated to advancing the knowledge base for early detection and treatment of lung cancer.  Bauer’s work with Biomoda follows the I-ELCAP Enrollment and Screening Protocol updated and published on Feb. 10, 2009.

 

The Biomoda diagnostic, trademarked under the name CyPath®, is based on a patented porphyrin-based compound that binds to cancer cells and fluoresces red under ultraviolet light. Under the guidance of a respiratory therapist, study volunteers provide a deep-lung sputum sample that is screened for cancer cells with both the CyPath® assay and traditional Pap staining.  Participants also undergo a CT scan.

 

“Dr. Bauer’s work on our study is a significant step toward proving the usefulness of the CyPath® assay as an early screening tool for lung and other cancers,” Cousins said.  “Repeat screenings under the longitudinal part of the study will probably save lives in our study cohort as well as provide additional data critical to FDA approval of the assay.”

 

Based in Albuquerque, NM, Biomoda is a cancer diagnostics company focused on the development of accurate, inexpensive and noninvasive in-vitro tests for the early detection of cancer. 

For more information on Biomoda, check the website at www.biomoda.com and follow Biomoda on Facebook and Twitter.

 

# # #

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Sep
28
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Posted by: In_The_News

Media Contacts:

Robert Rositano Jr.

1 408 884 2001

robert@zippi.com

 

Karen Ashley

1 408 884 2006

karen@zippi.com

 

investor@zippi.com

 

 

SAN JOSE, Calif.— September 28, 2009, — Zippi Networks Inc., (Other OTC: ZIPZ.PK),  a leading provider of mobile, web-based, and telecommunications based commerce applications that enable American’s to recycle their “Clutter into Cash,” today announced it has entered into a final marketing and license agreement with Era Media Inc, (EMI) a California company.

 

The two companies entered into a letter of intent back on July 29, 2009 and have now agreed upon the terms of this newly formed relationship. The initial term of this agreement is two (2) years from its effective date of September 22, 2009 with automatic renewals on an annual basis; EMI will market and sell Zippi products and services through its current distribution channels utilizing new and current marketing concepts. All costs and liabilities incurred by EMI in fulfilling this Agreement are to be the sole responsibility of EMI. Zippi and EMI have also agreed they will jointly set the price of Zippi Products and Services for the intended sales under this agreement.

 

Robert A. Rositano Jr. CEO Zippi Networks, Inc. stated “Zippi has achieved a tremendous milestone by completing our joint marketing and license agreement with EMI, Zippi’s recent focus has been a re-tooling of our offers, being able to deliver a streamlined set of services, and most of all achieve a lower cost of distribution or delivery to our target audience. Our relationship with EMI helps us achieve these goals and provides the company with a partner that understands the Zippi business along with one of the most talented sales and marketing teams in the country.” “We are very excited about the future and believe this relationship breathes new life into our newly released product and service offerings, additional exposure for Zippi will also be achieved through one or more product placements on a national basis with EMI,” added Rositano, CEO Zippi Networks, Inc.

 

 

About the Company:

 

Zippi™ Networks, Inc. (publicly traded: ZIPZ.PK), headquartered in San Jose, Calif., has created a revolutionary business process (three US Patents Pending), together with the ease of hand-held mobile technology, social networking, and the ability to recycle that empowers a new generation of online sellers. Founded in 2006, Zippi engages consumers with an easy toll free telephone number designed to allow everyone who becomes a “Zippi Club Member” an easy hassle free way of selling items online; by phoning 1-877-GO-ZIPPI an item owner can receive a quick “mini appraisal” Zippi then connects this appraisal and customer with the appropriate Zipster (eBay seller), Zippi handles the pre-screening of the Zipster and pulls the best seller for the job to handle the entire transaction.

 

Zippi's offerings target consumers and existing eBay “Trading Assistants / Power Sellers”, ultimately for the benefit of the eBay community. The strength of the eBay community resides in eBay’s very own message “the power of all of us”, with Zippi each and every eBay seller can embrace the power of many, allowing each “Zipster” to scale earnings and eliminate competition by building a steady stream of business, team members, and sales with Zippi, for the eBay community. 

Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as results of various factors including the ability of the company to successfully commercialize its new technologies and service offerings. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Zippi is a trademark of Zippi Networks, Inc. All other trademarks or registered trademarks are the property of their respective owners.

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Sep
28
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Downers Grove, IL  Sept. 25, 2009 – Affluence Corporation (AFFU.PK), the leading social network for high wealth individuals, has named Michael Profita as Executive Vice President and Chief Financial Officer.  In addition to his duties as CFO, Profita will assume all operational duties until Affluence names a Chief Executive Officer.

“We are fortunate to attract a top tier talent like Mike” said Doug Stukel, Affluence Chairman and Interim President. “Mike brings so much more to the table than your traditional CFO, along with a solid financial and operational background, Mike has held president and COO roles in several high tech emerging growth companies.  In addition to leading a successful IPO, Mike also has M&A experience and has been very effective in raising capital in private equity and public markets.”

Prior to joining Affluence, Profita was president of thincSoft, LLC a geospatial analytic software platform for business intelligence.   Profita led the company from inception to its exit building partnerships with Oracle, HP and Neteeza.  Prior to that  Profita was COO and CFO of Quantitative Data Solutions (QDS), a provider of information and infrastructure solutions for the financial services market where he played a key role in its acquisition by Transamerica. Prior to that Profita was Vice President and CFO of Apropos Technology (APRS), a telephony software developer.  As a member of the initial management team and helped grow the start-up from pre-revenue to $40 million in sales and led Apropos’ $95 million IPO in February, 2000.  Before joining Apropos, Profita held several positions at Mentor Graphics Corporation (MENT), a $400 million electronic design software developer.   Profita was Chief Financial Officer for Mentor Graphics’ Microtek Research Division, Vice President of International Finance for South America, Mexico and Canada and was Area Business Manager.

“I am really excited about the opportunity,” Profita said. “I am really impressed with the platform Affluence has built.  The explosive adoption of social media and social networks present real challenges in balancing membership growth with profitability.  With its highly valuable demographic, Affluence.org is uniquely positioned to meet these challenges. This is the right deal at the right time and goes far beyond being the Facebook for the rich.”

Profita received an MBA in International Finance from Loyola University of Chicago, a Master of Management from the University of Chicago and a BS in Finance from Marquette University   Profita is a member of Marquette University’s Golden Angels investment network and also a frequent guest lecturer at Northwestern University and Marquette University         

About Affluence Corporation.

Affluence Corporation (AFFU.PK) is the leading social network for high net worth individuals.  Its world-wide membership base consists of high net worth individuals and influential people including millionaires, billionaires, entrepreneurs, entertainers, athletes and other people of wealth.  Affluence.org enables its membership base to interact with people of similar socioeconomic backgrounds and interests in a private network where they can share experiences, gain insights and communicate.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, competitive and technological factors, markets, services, products and prices, availability and the cost of capital, success of growth initiatives, limited operating history and other factors discussed in our filings with the Securities and Exchange Commissions. Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by Affluence Corporation.

For further information contact Lee Wiskowski at (630) 874-0862

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Sep
28
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In a public-private partnership with the Government of Ghana and World Bank, Avasant targets BPO growth in the region.

 

LOS ANGELES, Sept. 26, 2009 – Avasant, the world’s top ranked Business Process Outsourcing (BPO) advisory firm and headquartered in Manhattan Beach, California, has signed a multi-year consulting agreement with the Government of Ghana’s Ministry of Communications (MOC) to promote the IT Enabled Services (ITES) sector in the country.  This Agreement is part of a World Bank funded initiative to support economic growth in the region.  Under the terms of the agreement, Avasant will work closely with the MOC and Ghana’s burgeoning private-sector to develop and implement strategies to grow and enhance Ghana’s ITES industry and accelerate Ghana’s entry into the “interconnected” world.

 

Although Avasant’s Africa strategy has been in the works for the past 18 months, Kevin S. Parikh, CEO of Avasant admitted, “we are more confident than ever in Africa’s prospects, and clearly the Obama Administration has increased our confidence and desire to work in Ghana and the region.”

 

On July 11, 2009, in his address to the Ghanaian Parliament, President Obama unequivocally stated, “America can also do more to promote trade and investment [with Africa].” He also encouraged, “public-private partnerships that invest in better roads and electricity; capacity-building that trains people to grow a business; financial services that reach not just the cities but also the poor and rural areas.”

 

Avasant’s new Ghana office will be based in the West African nation’s capital and largest city, Accra.  Its primary purpose will be to support World Bank and MOC related efforts to improve “public-private partnerships” and drive improved cross-border business integration with Ghana and the Africa region.

Ghana, with its stable government and economy, has been making rapid strides in developing a BPO friendly environment for potential investors. Further commenting on Avasant’s engagement with Ghanaian Government, Mr. Parikh said: “This engagement with the Ministry of Communications reinforces our growing commitment to emerging BPO regions. We look forward to supporting the [MOC] to build on its stated desire to expand public-private partnerships and make Ghana a top destination for doing work in Africa.”

Dr. P.K. Mukherji, President of Avasant Asia said: “This development is yet another endorsement of Avasant’s capabilities in the globalization space. We are delighted to engage with the Ministry of Communications to promote ITES/ BPO sector in Ghana. We remain very optimistic on Ghana’s potential and will leverage our deep expertise and globalization insights to ensure long lasting success for this initiative”. “Our new office in Accra, Ghana will closely support this initiative and also support our other activities in the promising African region”, he added.

About Avasant

Avasant is a next generation management consultancy firm with internationally recognized expertise in sourcing and globalization solutions.  Avasant has been ranked as the No. 1 BPO Advisor in the world and a top 10 full services advisory firm in 2009 according to the Black Book of Outsourcing (published by the Wall Street Journal). Avasant’s experts have extensive experience in helping both commercial and governmental organizations keep pace with rapidly changing requirements through the use of strategic sourcing and global market expansion.  For more information about sourcing advisory services or globalization consulting services, visit: http://www.avasant.com.

Related Links:

·         President Obama’s Speech to the Ghanaian Parliament - http://www.america.gov/st/texttrans-english/2009/July/20090711110050abretnuh0.1079783.html&distid=ucs

·         Ghana Ministry of Communications - http://www.moc.gov.gh/

·         Ghana Association of Software and IT Services Companies (GASSCOM)http://www.gasscom.org.gh/

·         The World Bank – Business Unusual: BPO in Ghana - http://www.youtube.com/watch?v=1MD51rXfFOQ

For Further Information contact:

Dr. Pradeep Mukherji
Avasant, LLC                                               
e-mail: pk.mukherji@avasant.com

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Sep
28
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Dragon Starts its Successful Climb         

OIL CITY, La., Sept. 25, 2009 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc. ("the Company", "Dragon") (Pink Sheets:BDGR - News) Black Dragon CEO Dr Bailey has reported progress after renewed emphasis on production reviews and operations.  The effort is definitely showing positive results. Preliminary data from August indicate production and subsequent revenue were up over 50% from the previous month. There is still considerable improvement to be made, said Bailey, but it appears the corner has been turned.

All leases have been analyzed as to productivity and costs of operations, and actions are being taken to address any minor problems in order to have them function/produce more efficiently. The fields are being pushed to achieve full production potential, which might ultimately reach 4000-5000 bbls per month without the new wells Black Dragon is planning on drilling.

Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells, some to deeper levels and to purchase additional leases.

Forward-Looking Statements -- Safe Harbor:

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

http://www.globenewswire.com/newsroom/ti?nf=MTQ1IzE3MzY2MSMxMTYyNA==

Contact:

Black Dragon Resource Companies, Inc.
R G Bailey
318-995-0404
bdgroil@bellsouth.net
www.black-dragonoil.com

 

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Sep
28
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A Proactive Approach and a Return to Traditional Financing Practices in Response to Lower Consumer Spending

ALBUQUERQUE, NM--(Marketwire - 11/12/09) - AccessKey IP, Inc. (OTC.BB:AKYI - News), the developer, designer and producer of advanced entertainment and communication devices, today announces a dramatic, yet financially sound restructuring to best guarantee a healthy return in investment for its investors and shareholders.

It is no secret the financial climate and formerly accepted standard protocols have permanently and dramatically changed in order to stay in step with changing times. With capital and funding sources all but drying up, a paradigm shift in buying habits in the retail segment in general has presented the business community with challenges they had never dreamed would ever be realized.

Recent research data suggests the general trend among retailers is one of skepticism. An industry-wide reluctance to issue purchase orders, and a reliance on vendors to maintain inventories will remain the norm if this trend continues. Previous to the recent economic downturn, purchase orders from retailers were leveraged to finance production. As opposed to architecting a financial position that could financially jeopardize company stability in the event orders fail to materialize, the Company is approaching this coming holiday season in a conservative manner. Our penetration into the US retail market has been a challenge; however, based on recent activities, 2010's numbers are expected to improve significantly.

As a safeguard and to avoid resting the Company's financial health in the hands of a volatile economy AccessKey and TeknoCreations have invested extensively in research and development. For instance, the much anticipated set-top box technology is complete and as the middleware components are finalized, the Company is confident it will enjoy a significant and recurring revenue stream from its joint venture with CSI Digital.

Approvals from major content providers to utilize open Internet broadcasting for IPTV initiatives are being pursued to provide significant opportunities within this emerging industry, now only in its infancy. Discussions are also underway with manufacturers exploring the opportunity to integrate proprietary patented technologies into a variety of new products. Additionally, talks with several major studios and postproduction facilities are ongoing with regard to the IPTV technology and security.

TeknoCreations continues to develop innovative consumer electronics products and is devoting a large portion of its energy to concentrate efforts on products that have large consumer base acceptance. The finalization of all Apple licensed iPhone TekCase and similar BlackBerry TekCase products will prove to be a cornerstone in the New Year as they continue to perform as strong consumer categories. Current products, the InCharge inductive charging solutions, DSi and DS Lite TekCases, and our new mini KeyBoard will continue to be vigorously marketed.

In a turbulent economic climate along with dramatic changes in consumer spending habits, it is of paramount importance in knowing which decisions will best benefit the Company. We strongly believe a more conservative financial attitude for the end of 2009 will facilitate a more aggressive approach as the economy continues to rebound in 2010 and will realize significant revenue with greater profitability and increased shareholder value.

About AccessKey IP, Inc.

AccessKey IP, Inc. is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms. AccessKey IP's AccessKey(TM) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" Set Top Box (voice, video and data) and "Quadruple Play" Set Top Box (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(TM) and portable flash drive-sized AccessKey PC(TM) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and provider network. Its wholly owned subsidiary TeknoCreations was founded to participate in the explosive growth of Consumer Electronics. TeknoCreations designs high quality products with attractive pricing to enhance the consumer's favorite electronics products and the expanding security needs of corporate America.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of AccessKey IP, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Please visit the Company's websites www.accesskeyip.comwww.teknocreations.com

Contact:



FOR INVESTOR INQUIRIES CONTACT:
AccessKey IP, Inc.
Bruce Palmer
(310) 734-4254
FOR IPTV RELATED INQUIRIES CONTACT:
AccessKey IP, Inc.
Grant Stevens
Director Sales, Marketing
(505) 999-1089
Email Contact
FOR CONSUMER PRODUCTS INQUIRIES CONTACT:
TeknoCreations, Inc.
Mark Kasok
VP Sales, Marketing
(505) 404-1776
Email Contact

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