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In_The_News's Blogs
Dec
29
Posted: 2 month(s) and 12 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
Posted by: In_The_News
 

Company Restructuring Sets Agenda for 2010

TARRYTOWN, NY--(Marketwire - December 28, 2009) - Debt Resolve, Inc. (PINKSHEETS: DRSV) (the "Company"), a provider of online debt resolution software to businesses with large consumer debt portfolios, has announced that Finance 500 has filed Form 211 for Debt Resolve to return to trading on the OTC. This is the latest of substantial changes that should pave the way for company growth in 2010.

Debt Resolve has added new customers to its system over the last several months. The Company recently opened a west coast office in Newport Beach, California and has recruited a seasoned health care executive to serve as director of sales and marketing, initially concentrating on the health care and automotive industries.

The Company had previously announced the addition of Mr. James Brakke to the Debt Resolve Board of Directors. Mr. Brakke brings extensive experience in corporate governance and an independent perspective to the board.

On October 8, 2009, the Company announced a successful initial restructuring of its balance sheet, reducing approximately 41% of the liabilities of continuing operations. It has acquired the financial advisory services of Finance 500, a full service financial company and registered broker dealer.

"All of these changes made in 2009 are expected to foster continuing growth and create a sound financial structure upon which the company can achieve its 2010 goals and objectives," stated James Burchetta, Chairman of Debt Resolve's Board of Directors.

Forward-Looking Statements

Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company's operations. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC. For more information, visit http://www.b2i.us/irpass.asp?BzID=1976&to=ea&s=0.

Media and Investor Contact:
Jay Goth
951-676-6509

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Dec
22
Posted: 2 month(s) and 19 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
Posted by: In_The_News
 

VERNON HILLS, IL--(Marketwire - December 22, 2009) - Applied NeuroSolutions, Inc. (OTCBB: APSN) (www.AppliedNeuroSolutions.com), a biotechnology company focused on the development of products for the early diagnosis and treatment of Alzheimer's disease ("AD"), today announced that it has reached agreement with Eli Lilly and Company to increase the scope of its drug discovery collaboration.

In addition to the financial terms from the original collaboration agreement with Lilly announced in 2006, Applied NeuroSolutions will receive an up-front cash payment of $750,000 and may receive up to $25.5 million based on achievement of identified milestones. Royalties would be paid to Applied NeuroSolutions for any AD therapies brought to market that result from this addition to the original collaboration agreement.

"We are expanding our collaboration with Eli Lilly and Company focused on the development of new treatments for patients suffering from Alzheimer's disease," commented Craig S. Taylor, Ph.D., Applied NeuroSolutions' President and CEO. "Lilly continues to see the value in collaborating with Applied NeuroSolutions and our founding scientist, Dr. Peter Davies, a world renowned leader in Alzheimer's disease research. In total, our collaboration has the potential to produce multiple drug candidates, each targeting unique mechanisms."

"APNS has developed valuable reagents for understanding tau biology. We look forward to utilizing these tools, along with Professor Davies' expertise, to accelerate development of therapies that target tau in Alzheimer's disease," said Dr. Michael Hutton, Chief Scientific Officer of the Neurodegeneration Drug Hunting Team at Lilly.

About Applied NeuroSolutions:

Applied NeuroSolutions, Inc. (OTCBB: APSN) is developing diagnostics and therapeutics to detect and treat Alzheimer's disease (AD) building on discoveries originating from the Albert Einstein College of Medicine. Applied NeuroSolutions is in a collaboration with Eli Lilly and Company to develop novel therapeutic compounds to treat the progression of AD. For its diagnostic pipeline, Applied NeuroSolutions is focused on both serum and cerebrospinal fluid (CSF) tests to detect AD at a very early stage. The CSF based P-Tau 231 test now being offered for use in clinical trials can effectively differentiate AD patients from those with other neurological diseases that have similar symptoms. There is currently no FDA approved diagnostic test to detect AD. Alzheimer's disease currently afflicts over five million Americans, and the world market for AD therapy is currently estimated to be nearly 35 million patients. For more information, visit www.AppliedNeuroSolutions.com

This press release contains forward-looking statements about Applied NeuroSolutions. The company wishes to caution the readers of this press release that actual results may differ from those discussed in the forward-looking statements and may be adversely affected by, among other things, the risks associated with new product development and commercialization, clinical trials, intellectual property, regulatory approvals, potential competitive offerings, and access to capital. For further information, please visit the company's website at www.AppliedNeuroSolutions.com, and review the company's filings with the Securities and Exchange Commission.

Contact:
Applied NeuroSolutions, Inc.
847-573-8000
Craig Taylor
President and CEO
David Ellison
CFO

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Dec
22
Posted: 2 month(s) and 19 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
Posted by: In_The_News

Empire Recordings Features Veteran CEO Major Label Distribution Agreement

FRISCO, TX--(Marketwire - December 22, 2009) - KCM Holdings Corp. (PINKSHEETS: KCMH) announced new incubated venture Empire Recordings as a future OTCBB publicly traded company.

Empire names Kevin Alexander President and CEO. Mr. Alexander brings over 15 years of music experience, working with the biggest acts in the industry such as: The Black Eyed Peas, G-Unit, Dr. Dre, Erykah Badu, Eminem and Linkin Park. His experience in signing artists, structuring record and distribution deals, supervising studio operations, and record promotions poises the company for immediate success.

Empire Recordings will be a vertically integrated music and entertainment distribution company positioned as an independent boutique record label delivering content to end users and resellers. Focusing on electronic and direct distribution, combined with management experience and leveraging online social network platforms will create competitive advantages for the company and its artists. Empire will concentrate on 5 major divisions: Urban, Pop, Crossover, Country and Distribution. Empire will be distributed by a major recognized industry label to be shortly announced.

KCMH has secured ownership and revenue share agreements with Empire Recordings which will immediately boost its shareholder value. KCMH will also create strategic relationships between its other technology media and web 3.0 ventures to ensure success.

Follow us on Twitter at http://Twitter.com/KCMHoldings.

About KCM:

KCM HOLDINGS CORP. is a strategic business development and holdings company. Visit www.thekcmgroup.com.

Forward-Looking Statement

The contents of this Press Release may be deemed to include forward-looking statements within the meaning of United States securities laws and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are only predictions and should not be relied upon for investing decisions. Actual results might differ materially from those projected in the forward-looking statements for a variety of reasons, including market conditions, competition and new regulatory requirements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by the forward-looking statements. We cannot guarantee future results, levels of activity, performance or achievements.

Contact:
KCM HOLDINGS CORP., Frisco
Donald Klein
President
1-888-897-5274 (tel)
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Dec
22
Posted: 2 month(s) and 19 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
Posted by: In_The_News
 

NEW YORK, NY--(Marketwire - December 21, 2009) - Alternate Energy Holdings, Inc.(PINKSHEETS: AEHI) announces that it has retained the services of Mr. Sunny J. Barkats, Esq., a PIPE and APO experienced attorney and the founding partner of JSBarkats PLLC, who is leading the Securities/Capital Markets group at the New York office. JSBarkats acts as the Company's general counsel and helps represent AEHI in all aspects of the Company's SEC compliance and securities legal work as well as helps with structuring future financing for the Company. Mr. Barkats recently introduced AEHI to a fund, with which the Company discussed the opportunity for a potential financing as potential fundamental investors, providing the Company with legal services and opening doors on Wall Street.

Don Gillispie, AEHI Chairman and CEO, said, "Working with individuals of this caliber will only serve to elevate our company's profile in the investor community. JSBarkats brings a level of experience and insight into the capital markets that should be extremely beneficial to Alternate Energy and its shareholders."

About JSBarkats PLLC, and Mr. Barkats (http://jsbpllc.com/home)

Sunny J. Barkats, Esq., is a seasoned corporate and securities practitioner specializing in the PIPE and APO industry. His principal experience has been in private placements, mergers, acquisitions and dispositions, SEC compliance, public offerings, general 1933 and 1934 Act matters and strategic business relationships, he is the partner responsible for building and growing the Securities/Capital Markets practice group in the New York office of JSBarkats PLLC, an innovative dynamic full service law firm with more than 10 attorneys headquartered in the heart of Manhattan's Financial District, and with affiliated offices in Israel, and France. Mr. Barkats principally represents publicly traded emerging growth and established companies, both domestic and foreign, in a wide variety of industries, particularly in the Defense and the "green" technology industries. He also represents investment banking institutions, high net worth individuals and other investors. Mr. Barkats is a frequent speaker and wrote articles in various editorials and professional publications on Banking, Securities and Capital Markets law topics.

About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)

Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. Also, AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.

Safe Harbor Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.

US Investor Relations:
208-939-9311
Email Contact

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Dec
22
Posted: 2 month(s) and 19 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
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HONG KONG--(Marketwire - December 21, 2009) - AlphaRx Inc.'s (OTCBB: ALRX) recently appointed President of China Operations, Ruby Hui, today announced new corporate initiatives and the company's strategic growth plan for China.

"When I was appointed as the President of AlphaRx China Operations a week ago, I promised that I would play a major part in AlphaRx's future and drive this company to new heights, and I am pleased to report that a strategic growth plan is now in place to fulfill that goal. AlphaRx is well positioned to leverage the momentum that has been building in the greater China region and is ready and able to play a major role in the fast growing China pharmaceutical market," Ms. Hui said.

"China's drug market is expected to expand at about 22% annually over the next five years. With an enormous and aging population, rapid urbanization and adoption of Western lifestyles that give rise to hypertension, obesity and other diseases, China is poised to become the world's third largest pharmaceutical market by 2013, up from its current number five position," she continued.

The company has assembled a portfolio of short and long-term drug candidates specifically to address the China market and these drugs should fuel sustainable revenue growth over the coming years. The company's product candidates are unique, protected by patents or patents pending and include the following:

 

Product Name            Dosage Form         Indication
================== ==================
CHX Rinse Liquid Gum Disease
================== ==================
Indaflex Topical Cream Pain
================== ==================
Dicloflex Topical Cream Pain
================== ==================
ARX606T Topical Cream Wound Treatment
================== ==================
ARX2038 Tablet ER Anti-anxiety
================== ==================
ARX2038 Tablet ER Lipid Management
================== ==================
ARX1088 Tablet ER Hepatitis
================== ==================
Zysolin Inhalation Aerosol Pneumonia
================== ==================
Vansolin Inhalation Aerosol Pneumonia
================== ==================
GAI-122 Injectible Stroke
================== ==================

The "me-better" AlphaRx product strategy differentiates the company from generic market players and that oversubscribed "me-too" market. The company's well established business model of reformulating, repositioning and improving the efficacy of existing drugs is consistent with the Chinese government's own cost containment strategies and the company anticipates government support in the different stages of ongoing product development. In addition, it is planned to list AlphaRx's China Operations on a major stock exchange in the near future, to increase shareholder value. In short, the company is implementing a strategy of accelerated and sustainable future growth, with the goal of becoming the leading drug developer in the Chinese pharmaceutical market.

FORWARD-LOOKING STATEMENTS:

This release contains forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 and involve risks and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product development and acceptance, manufacturing, competition, regulatory and/or other factors, which are outside the control of the Company.

For more information, please contact:

Michael Lee
President & CEO
AlphaRx Inc.
Web: www.AlphaRx.com
Email: Email Contact

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Dec
22
Posted: 2 month(s) and 19 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
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Videos to Be Released on DVD and Blu-ray in Late Spring, Early Summer 2010

SPRINGDALE, AR--(Marketwire - December 18, 2009) - Hannover House, the film and video releasing label for Target Development Group, Inc. (PINKSHEETS: TDGI) (Other: www.TargetDevelopmentGroup.com, www.HannoverHouse.com), announced today the acquisition of video distribution rights to 10 additional titles, including six new release feature films. The programs, under license from Central Film Company and Family Universal Network, will be released by Hannover House on DVD and Blu-ray in late spring and early summer 2010.

Central Film Company has expanded its existing distribution relationship with Hannover House with the addition of six new release features: "Eyes of the Woods," "Allegheny Sunset," "Naked Nerve Endings," "The Sky is Falling," "Static" and "The Wind and the Long Black Scarf."

Los Angeles-based Family Universal Network will provide four animated features -- "Treasure Island," starring the voice talent of Hugh Laurie ("House") and Richard E. Grant ("Garfield: A Tale of Two Kitties"); "Journey to the Center of the Earth"; "Around the World in 80 Days"; and "20,000 Leagues Under the Sea." Each will be available as individually packaged DVDs, as well as be part of a three-pack item Hannover will release as "The Jules Verne Classics Collection."

Earlier this week, Hannover House announced a library distribution venture with Elite Entertainment and FOCUSFilms. The total number of titles in the Hannover House library now exceeds 150, including catalog programs, new releases and newly acquired theatrical feature films to be announced in the upcoming months.

"We're pleased to have a solid line-up of diverse, new release videos through 2010," said Eric Parkinson, CEO of Hannover House and Target Development Group. "These titles will provide a significant foundation for our expansion into the higher-profile, theatrical features that ultimately will define the company."

Hannover House was established in 1993 as a publisher of fine literature, and was expanded in 2002 by former Hemdale CEO Eric Parkinson to include film and video products. Attorney and banker D. Frederick Shefte joined Hannover House as President in 2007. Target Development Group, Inc. acquired Hannover House this month in a stock-for-stock swap agreement. For 2010, Hannover House plans to release eight films to theaters, 28 titles to home video, and six new release books.

SAFE HARBOR STATEMENT

This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.

For more information on Target Development Group, Inc. and Hannover House,
contact:
Richard Dean Prudenti
479-751-4500
e-mail: Email Contact

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Dec
22
Posted: 2 month(s) and 19 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
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New Service Plan Offers Cost Savings of as Much as 90% on International Calls

WHITE PLAINS, NY--(Marketwire - December 17, 2009) - VoX Communications Corp, a provider of Voice over Internet Protocol (VoIP) mobile phone services and a wholly owned subsidiary of Pervasip Corp. (OTCBB: PVSP), today announced the launch of two new international calling plans to its customers who are using its $69.95 a month unlimited voice and data plan over a nationwide GSM network.

VoX mobile VoIP customers can now choose one of two international calling plans for low-cost international calls. The first plan allows customers to call up to 500 minutes a month from a mobile phone to any of 34 countries for only $15, and the second plan is 1,000 minutes to the same countries for only $25. Additionally, VoX is offering VoIP rates for direct dialing to every international destination, and in some instances the rates are 90% less than other mobile carriers.

"We know of no other cell phone carrier that can offer international calling rates this low," said Paul Riss, Chief Executive Officer of VoX Communications Corp.

The Company is marketing the low international calling rates to consumers that have purchased a smart phone and service plan from VoX. The service plan is only $69.95 a month, with no annual contract, and it allows unlimited U.S. calling and unlimited data downloads.

"One international traveler just came back from Panama and is still raving about the high quality and low cost of our phone service," said Riss. "His phone is a U.S.-based mobile phone with a Florida phone number, but since our rates to Panama are only 5 cents a minute, he was able to make abundant calls to people in Panama when he was in Florida and when he was in Panama.

"Other carriers have very high international calling rates. For calls from the U.S. to a landline in Panama, Boost charges 37 cents a minute, AT&T is 35 cents a minute, and Verizon is 29 cents a minute, and AT&T and Verizon are only those rates if you sign up in advance, and pay an additional fixed monthly fee for a special international plan. Otherwise, for a casual call to Panama, they would charge the consumer $2.19 a minute or $1.49 cents a minute. With our mobile VoIP service plan, there is no more gouging the consumer who makes international calls. We encourage people to go to VoX's website (http://www.voxcorp.net/) and compare our mobile international rates to the rates charged by any other mobile carrier."

About VoX Communications

VoX Communications Corp., a wholly-owned subsidiary of Pervasip Corp. (OTCBB: PVSP), delivers wholesale voice over IP (VoIP) telephone services for the residential and small business markets. Leveraging a nationwide VoIP network and internally developed proprietary software and product features, VoX offers a private-label digital voice program sold to cable operators, cell phone carriers, WiMax carriers, CLECs, ISPs and resellers. VoX differentiates itself through a unique combination of high quality voice services, flexible back-office capabilities and automated provisioning systems that enable a quick turn-up for service providers and business entities, such as call centers. It offers a feature-rich, low-cost, high-quality alternative to traditional phone services. In addition, VoX offers carrier-type services for voice origination and termination, as well as toll-free and other IP-based services. For more information, please visit www.voxcorp.net.

Forward-looking statements: This release contains forward-looking statements that involve risks and uncertainties. Pervasip's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, certain risks and uncertainties over which the company may have no control. For further discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the discussions contained in Pervasip's Annual Report on Form 10-KSB for the year ended November 30, 2008 and any subsequent SEC filings.

AT PERVASIP:
Paul H. Riss
Chief Executive Officer
Ph: 212-404-7633
Email Contact

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Dec
22
Posted: 2 month(s) and 19 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
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LONDON--(Marketwire - December 17, 2009) - VEGA PROMOTIONAL SYSTEMS, INC. (PINKSHEETS: VGPR) recently announced the Company has entered into a Joint Venture Agreement to build multiple manufacturing plants throughout China to produce alternative energy using torrefaction technology.

The Company's Joint Venture with Global Capital Market, LTD (GCM), located in Shenzhen City, China is moving forward with its plan to build up to 10 manufacturing plants throughout China. The manufacturing plants will use special torrefaction technology to produce briquettes from organic waste products that will then be sold through Agreements with European power generating companies.

Torrefaction is a partial carbonization process that takes place at temperatures between 475 - 575 degrees in a low temperature environment which makes the physical and energetic properties of the biomass much more comparable to traditional coal. The biomass is then compressed into briquettes to be sold to the end user. Torrefaction has the added benefit of reducing or eliminating undesirable volatiles, such as nitrous oxides and sulfur dioxides and is considered carbon neutral to the environment.

By accounting for the positive environmental impact of not allowing biomass to decay and providing a positive impact through renewable energy under an approved methodology from the Clean Development Mechanism (CDM) under the United Nations Framework Convention on Climate Change (UNFCCC), the production and sale of carbon credits from the burning of biomass for CO2 production will guarantee additional income to the Joint Venture.

The target markets for the Company's products are power plants that face mandates to increase biomass usage in their coal burning plants. Firing in existing coal plants will not require any retrofitting of existing power plants.

GCM is providing the land for the manufacturing facilities, the factories, and the necessary biomass resources to produce 100,000 metric tons of torrefaction pellets annually in each plant, generating approximately $14 million in annual revenue, per location.

Vega is currently in discussions with various funding sources to help fund the Company's participation in the project. In addition, the Company is planning a Private Placement of its securities that would include the sale of restricted stock.

Michael K. Molen, Chairman of Vega, stated, "We have had significant interest from all over the world to participate in this venture. This is a very progressive project and if we reach our goals, we will become one of the largest biomass manufacturing companies in China. We will have engineers traveling to China during the month of January and look forward to providing additional details of the project at that time."

In addition to China, Vega now has active projects under way in Western Indiana, South Georgia, and Brazil.

Forward-Looking Statements:

Under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company's control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

CONTACT:
Vega Promotional Systems, Inc.
800-481-0186
www.vegabiofuels.com

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Dec
22
Posted: 2 month(s) and 19 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
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SPRINGDALE, AR--(Marketwire - December 16, 2009) - Hannover House, the film and video distribution division of Target Development Group, Inc. (PINKSHEETS: TDGI) (Other: www.TargetDevelopmentGroup.com, www.HannoverHouse.com), has entered into a distribution venture to become the exclusive USA DVD and Blu-Ray distributor for the Elite Entertainment and FOCUSfilm Entertainment libraries, collectively adding more than 60 catalog titles and up to 20 new release titles to the Hannover House roster.

The distribution pact was negotiated between Target and Hannover President D. Frederick Shefte and Vini Bancalari, president of Elite Entertainment, Inc. and partner in FOCUSfilm Entertainment. The agreement was activated this week through the initial funds transfer from Hannover House, with additional installment payments slated over the coming months. Actual sales representation of the Elite and FOCUSfilm titles will commence in January 2010.

The Elite Entertainment label is the premiere science-fiction, fantasy and horror film independent video supplier in North America. Key titles include director Philippe Mora's alien-abduction masterpiece, "Communion" starring Christopher Walken; the big-foot monster classic, "Boggy Creek 2: The Legend Continues"; "Savage Harvest 2: October Blood"; and the 10-title horror series, "The Fearmakers Collection." The FOCUSfilm library contains a wide range of classics and international cinema favorites including multipacks of "Sherlock Holmes," "Ryder P.I." and the Orson Welles boxed set, "Citizen Welles." Additional titles, trailers and more information are posted at www.EliteDisc.com.

"This is an ideal marriage for both companies," Shefte said. "Elite and FOCUSFilm were looking to expand their distribution reach while Hannover House was looking to acquire more programming to present to our large and growing customer base. We feel uniquely qualified to maximize revenues from their catalog titles, and build on their exciting new release titles coming in 2010 and 2011."

"It's a multimillion dollar opportunity that adds significantly to Hannover's product roster and market credibility," he added.

SAFE HARBOR STATEMENT

This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.

For more information on Target Development Group, Inc. and Hannover House, contact D. Frederick Shefte at 479-751-4500 / email: dfs.hannoverhouse@sbcglobal.net.

Contact:
D. Frederick Shefte
479-751-4500
Email Contact

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Dec
15
Posted: 2 month(s) and 26 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
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BEIJING--(Marketwire - December 15, 2009) - Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI): AEHI China has recently signed an agreement to cooperate in the develop of a joint venture with the Nuclear Power Institute of China to design, manufacture and market world-wide a 1000 MWe reactor with the ability to produce potable water from sea water or unsuitable fresh water and electricity. The new reactor-desalting unit will be very competitively price in the world market. An AEHI holding, International Reactors Inc. hopes to be able to start accepting orders in 2010.

Don Gillispie, AEHI Chairman and CEO, said, "Two of mankind's biggest challenges today are obtaining adequate fresh water and low cost, reliable, clean electricity. The world demand for fresh water will outstrip supply in about 15 years by 50% due to drought, population growth and industrial demand. We believe this reactor-desalting unit can uniquely produce the much needed water and electricity to pump it far inland where needed without creating pollution from fossil fuels."

About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)

Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. Also, AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.

"Safe Harbor" Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.

US Investor Relations:
208-939-9311
Email Contact
.
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