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Friday's Watchlist!! BRGO "Bergio Signs Letter of Intent to Acquire Famous Italian Designer Mario Panelli "Sign Up for Our free Newsletter!!
(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS : (OTCBB: BRGO) Bergio International, Inc., (OTCBB: DBTB) Debut Broadcasting Corp., Inc., (OTCBB: ERFW) ERF Wireless, Inc., (OTCBB: ACTC) Advanced Cell Technology, Inc., (OTCBB: VSYM) View Systems, Inc., (OTCBB: CSUH) Celsius Holdings, Inc.
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(OTCBB: BRGO - Bergio International, Inc.)
LATEST NEWS!!
Bergio Signs Letter of Intent to Acquire Famous Italian Designer Mario Panelli
FAIRFIELD, N.J., Nov 19, 2009 -- Bergio International, Inc. (OTC Bulletin Board: BRGO) announces today that it has entered into a deal to acquire famous Italian designer Mario Panelli.
Mario Panelli reported $1.5 million in inventory, $1.4 million in sales for 2008, with moderate earnings. Bergio will acquire the Company for a liquidated inventory cost of $1,250,000 in cash.
"Bergio is very excited to sign a Letter of Intent to acquire famous Italian designer Mario Panelli. Mario Panelli has been in business for over 40 years and is known internationally for his designs. This acquisition will give Bergio exposure into the international markets," stated Berge Abajian, CEO of Bergio International, Inc.
About Bergio International, Inc.
Bergio is entering into its 20th year of operations with boutique, upscale jewelry stores. It currently sells its jewelry to approximately 150 independent jewelry retailers across the United States. Bergio has spent millions in branding the Bergio brand through tradeshows, trade advertising, national advertising and billboard advertising since launching the line in 1995. Bergio has manufacturing control over its line as a result of having a manufacturing facility in New Jersey as well as subcontracts with facilities in Italy and Bangkok.
We have established Bergio International as a holding company for the purpose of acquiring well-established jewelry design and manufacturing firms who possess branded product lines.
Additionally, Bergio intends to acquire design and manufacturing firms throughout the United States and Europe. If and when they pursue any potential acquisition candidates, they intend to target the top 10% of the world's jewelry manufactures that have already created an identity and brand in the jewelry industry.
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(OTCBB: DBTB - Debut Broadcasting Corp., Inc.)
LATEST NEWS!!
Debut Broadcasting Announces Third-Quarter Net Income of $166,510
Progress on Re-Structuring; Dramatic Reduction in Operating Expenses & Increase in Net Income
NASHVILLE, Tenn., Nov 19, 2009 -- Debut Broadcasting Corporation, Inc.(TM) (OTCBB: DBTB), a media and entertainment company, today announced a third-quarter net income of $166,510 on the strength of a 33% reduction in operating expenses. Operating income has increased by $441,975 over this time last year. The company also announced important progress on its reorganization strategy.
The company cites fundamentals that out-pace the broader media industries. "Despite year-over-year decreases in network revenue, quarter-to-quarter growth demonstrates slow, steady recovery in our revenue streams from the abrupt adjustment we saw at the start of the year. Year-to-date revenue is down 18% versus 2008, but that pace out-performs our industry as a whole, and overall profitability -- which has been our primary focus -- is increasing substantially," said Steven Ludwig, CEO of Debut Broadcasting.
2009 Financial Performance To-Date
Revenue Operating Expense Net Income Q1 $474,327 $644,229 ($ 244,807 ) Q2 $584,068 $637,795 ($ 127,857 ) Q3 $592,931 $310,928 $ 166,510
"Revenues continue to increase and we can point to a lot of new business development that is setting up faster rates of growth into next year," added Ludwig. "Operating expenses were down 60% in Q3, and for the year we've achieved a 33% reduction overall -- in large part due to recoveries as part of the restructuring plan, although we continue to reduce day-to-day expenses. Despite macro-economic complications, we are meeting our internal benchmarks for increasing profitability." The company has been implementing a reorganization strategy intended to achieve profitability by the end of this year. That strategy included a recent financing agreement with River Falls Financial Services. Additional progress is anticipated during Q4, and the company plans to have all major milestones in the reorganization implemented by year-end.
The company continues to work closely with management at River Falls to evaluate and execute an expansion strategy. "There are potentially accretive acquisitions available, and we are exploring the best ways to deploy the new capital available from River Falls," added Ludwig.
About Debut Broadcasting Corporation, Inc.
A media and entertainment company, Debut Broadcasting Corporation, Inc. (OTCBB: DBTB) supports its clients throughout North America while also improving shareholder value through targeted turnaround opportunities in the southeastern United States. Through its entertainment arm, Impact Radio Networks, Debut sells pre-recorded radio programs and related services to more than 1,400 AM and FM stations in the U.S. and Canada, and reaches more than 45 million listeners per week, making it one of the leading syndicators in the industry. The company also provides marketing, consulting and media buying for its radio broadcast stations. Through its media division, Debut identifies and acquires (or manages) underperforming and undervalued media properties in the southeastern U.S. For more information about Debut Broadcasting, please visit www.debutbroadcasting.com or email ir@debutbroadcasting.com.
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(OTCBB: ERFW - ERF Wireless, Inc.)
LATEST NEWS!!
ERF Wireless and The Computer Works Enter into a Strategic Agreement to Deploy Wireless Broadband to Oil-and-Gas-Rich North Central Arkansas
Company Adds 3,000 Square Miles of Coverage in the Fayetteville Shale Region
LEAGUE CITY, Texas, Nov 19, 2009 -- ERF Wireless (OTCBB:ERFW), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company has entered into a Master Services Agreement with The Computer Works, based in Conway, Arkansas, for the provisioning and delivery of broadband services to mobile and static oil and gas sites in North Central Arkansas.
According to Dr. H. Dean Cubley, CEO of ERF Wireless, "This is the third in a series of agreements to expand the company's coverage in active oil and gas territories with quality wireless network providers. As noted previously, our strategic plan is focused on supporting our growing base of oil and gas customers through the expansion of our wireless broadband networks by acquisition or master service agreements." "With a history dating back over 20 years, The Computer Works has earned its reputation for first-class service in this market," said Pat Wilson, President of The Computer Works. Our enterprise-class wireless broadband network currently serves more than 5,000 customers and we have 42 towers that provide more than 3,000 square miles of wireless broadband coverage over a five-county area which includes the Fayetteville Shale in the greater North Central Arkansas area. We're looking forward to helping ERF Wireless deliver high-speed wireless broadband services to their oil and gas customers." About The Computer Works The Computer Works, based in Conway, Arkansas, is a leading wireless broadband service provider in the five-county area surrounding North Central Arkansas, including the Fayetteville Shale. The company offers a suite of high-speed data, voice over IP, and other managed services over its wireless network to residential, business, education and government customers. The Computer Works also designs, builds, and maintains wireless networks for cities, municipalities, school districts, and others. For more information, visit www.tcworks.com.
About ERF Wireless ERF Wireless Inc. is a fully reporting public corporation located in League City, Texas, and is the parent company of ERF Oil & Gas Services, ERF Enterprise Network Services, ERF Bundled Wireless Services, ERF Wireless Messaging Services and ERF Network Services. The company specializes in providing wireless and broadband product and service solutions to enterprise, commercial and residential clients on a regional, national and international basis. Its principals have been in the wireless broadband, network integration, triple-play FTTH, IPTV and content delivery business for more than 40 years. For more information, please visit our websites at www.erfwireless.com and www.erfwireless.net or call 281-538-2101. (ERFWG)
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(OTCBB: ACTC - Advanced Cell Technology, Inc.)
LATEST NEWS!!
Advanced Cell Technology Files IND With FDA For First Human Clinical Trial Using Embryonic Stem Cells to Treat Eye Disease
WORCESTER, Mass., Nov 19, 2009 -- Advanced Cell Technology, Inc. (OTCBB:ACTC) announced today that it filed an Investigational New Drug (IND) Application with the US Food and Drug Administration (FDA) to initiate a Phase I/II multicenter study using embryonic stem cell derived retinal cells to treat patients with Stargardt's Macular Dystrophy (SMD). Among the most common causes of untreatable blindness in the world are degenerative diseases of the retina. As many as 10 million people in the United States have photoreceptor degenerative disease. While most of these patients have Age-Related Macular Degeneration (AMD), a smaller number of patients have Stargardt's, an Orphan disease and one of the most common forms of juvenile macular blindness. The treatment for eye disease uses stem cells to re-create a type of cell in the retina that supports the photoreceptors needed for vision. These cells, called retinal pigment epithelium (RPE), are often the first to die off in SMD and AMD, which in turn leads to loss of vision.
While there is currently no treatment for SMD, several years ago ACT and its collaborators found that human embryonic stem cells could be a source of RPE cells. Subsequent studies found that the cells could restore vision in animal models of macular degeneration. In the Royal College of Surgeon (RCS) rat model, implantation of RPE cells resulted in 100% improvement in visual performance over untreated controls without any adverse effects. The cells survived for more than 220 days and sustained extensive photoreceptor rescue. Functional rescue was also achieved in the 'Stargardt's' mouse with near-normal functional measurements recorded at more than 70 days.
"It has been over a decade since human embryonic stem cells were first discovered," said Dr. Robert Lanza, ACT's Chief Scientific Officer. "The field desperately needs a big clinical success. After years of research and political debate, we're finally on the verge of showing the potential clinical value of embryonic stem cell research. Our research clearly shows that stem cell-derived retinal cells can rescue visual function in animals that otherwise would have gone blind. We are hopeful that the cells will be similarly efficacious in patients." The Phase I/II trial will be a prospective, open-label study that is designed to determine the safety and tolerability of the RPE cells following sub-retinal transplantation to advanced patients with SMD. A total of twelve patients will be enrolled into the study at three clinical sites, including the Casey Eye Institute in Portland, Oregon (headed by Dr. Peter Francis of the Oregon Health & Sciences University); the University of Massachusetts Memorial Medical Center, Worcester, Massachusetts (headed by Dr. Shalesh Kaushal, Chair of the Department of Ophthalmology); and the UMDNJ -- New Jersey Medical School, Newark, New Jersey (headed by Dr. Marco Zarbin, Chair, Institute of Ophthalmology and Visual Science). "It is an honor for us to be working with ophthalmology researchers of such high caliber," said Edmund V. Mickunas, Advanced Cell's Vice President of Regulatory Affairs. "They have been instrumental as collaborators on the clinical trial design and their input has been invaluable." "The filing of this IND places Advanced Cell Technology in position to help lead the industry in validating the stem cell platform," said William M. Caldwell IV, Advanced Cell's Chairman and CEO. "Over the past year, we have taken important steps to advance our RPE program while overcoming significant financial challenges. Advanced Cell today is uniquely positioned within the regenerative medicine industry; as it has the technology, a renown scientific and development team and access to capital to become one of the first companies to make the use of an embryonic stem cell derived therapy a reality in treating a major unmet medical need." About Advanced Cell Technology, Inc.
Advanced Cell Technology, Inc. is a biotechnology company applying cellular technology in the field of regenerative medicine. For more information, visit http://www.advancedcell.com.
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(OTCBB: VSYM - View Systems, Inc.)
LATEST NEWS!!
View Systems Announces Substantial ViewScan Order from the UAE
BALTIMORE, Nov 19, 2009 -- View Systems, Inc. (OTC Bulletin Board: VSYM), a security and teledata solutions provider, announced today that an initial order for 40 ViewScan units has been received from Belcom, a Belhasa company, based in the United Arab Emirates. Belcom is an authorized international dealer and business partner of View Systems. Belcom represents View Systems' products in the Middle East, Africa, Saudi Arabia, Kuwait, Qatar, Bahrain, UAE, Oman, Jordan, Iraq, India, Pakistan, Bangladesh and Yemen. Belcom is a subsidiary of the Belhasa Group of Companies, a trusted security and services firm with proven performance throughout the Middle East and North Africa. Belcom is one of the fastest growing telecommunications, IT, and security services companies in the Middle East today. Belcom's corporate headquarters is based in Dubai, UAE with field offices located throughout the MENA region. The Belcom team has an impressive track record of successfully completing projects for clients regardless of location. (Source: www.belcom.ae). ViewScan units are currently placed in Saudi Arabia, Bahrain, UAE, India and Pakistan.
View is currently procuring the parts necessary to complete a build of more than 100 units. The 40 units purchased under this contract are expected to ship by the 2009 year end.
ViewScan is fast becoming the choice screening system, both domestically and internationally. It's a computer-based system that can scan up to 1200 people per hour. As a person passes through the portal, a photograph is taken and stored on the laptop computer that comes with the unit. Threat objects are visually located on the computer screen and an audible alert can be set to sound. The ViewScan produces no harmful emissions so it's safe for everyone.
Gunther Than, CEO of View Systems, states, "We have always maintained great enthusiasm for international product sales. Substantial orders from our international dealers are a testament to the reliability and value of the ViewScan product. Belcom has proven itself as a strong representative by successfully marketing our products to their target areas and bringing in orders. We are confident that international interest will steadily rise, and that Belcom will continue to increase our sales abroad." About View Systems: View Systems, Inc. manufactures and installs weapons detection identification systems, video management platforms and tele-data communication networks targeted towards correctional facilities, schools, courthouses, government agencies, event and sports venues, and commercial businesses. More information can be found on the website at www.viewsystems.com.
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(OTCBB: CSUH - Celsius Holdings, Inc.)
LATEST NEWS!!
Celsius Holdings Files Registration Statement for the Sale of Common Stock; Board Authorizes 1 for 20 Reverse Stock Split CSUH to Apply for NYSE AMEX Listing
DELRAY BEACH, FL, Nov 19, 2009 -- Celsius Holdings, Inc. (OTCBB: CSUH) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed offering of 2,500,000 shares of common stock (after giving effect to a 1 for 20 reverse stock split to be implemented prior to consummation of the offering as described below). The registration statement indicates the common stock will be offered in an underwritten offering at a price per share to be determined, through Ladenburg Thalmann & Co. Inc as lead underwriter. Celsius Holdings, Inc. intends to grant the underwriter a 45-day option to purchase additional shares of common stock to cover over-allotments, if any.
Net proceeds from the proposed offering are expected to be used for 2010 marketing efforts, new product development and general corporate purposes, including working capital.
In connection with the proposed offering, the board of directors authorized a 1 for 20 reverse stock split, in which all our issued and outstanding shares of common stock will be combined and reconstituted as a smaller number of shares of common stock, in a ratio of one share of common stock for every 20 shares of common stock. Our authorized shares of capital stock will be reduced proportionately from 1,000,000,000 to 50,000,000 shares of common stock and from 50,000,000 to 2,500,000 shares of preferred stock. The reverse stock split will be implemented prior to the effective date of the registration statement and we will advise our shareholders of the record and effective dates for the reverse stock split in a subsequent press release. Application will also be made to list our common stock for trading on NYSE Amex upon consummation of the proposed offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the securities laws of any such state. This offering will be made only by means of a prospectus. When available, copies of the prospectus may be obtained from Ladenburg Thalmann & Co. Inc., 4400 Biscayne Blvd., Miami, Florida 33137 or toll free at 866-576-5134.
About Celsius Holdings, Inc.
Celsius Holdings, Inc. (OTCBB: CSUH) markets Celsius(R), the original, great tasting calorie burner that is backed by science, through its wholly-owned operating subsidiary, Celsius, Inc. Celsius, Inc. is dedicated to providing healthier, everyday refreshment through science and innovation. Information about Celsius Holdings, Inc. is available at our website. More information about Celsius, the original, great tasting calorie burner, is available at http://www.celsius.com.
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