Friday, February 28, 2014

Vid3G Reveals Strategy for Mobile Launch

VID3G, INC. (OTC Pink: VIDG) Vid3G is readying their mobile launch for the Asian market. The cutting edge video technology will be marketed to all of the social media platforms in the Asian markets. With Sina Weibo and Tencent QQ Blogger it will be offered to over 800 million customers. The video technology of Vid3G will be available on mobile devices, including Android and iOS (Apple). Vid3G will be the first company to come to market using VP9 compression technology from Google to deliver the highest quality video. Targeting the general consumer will enable Vid3G to attain massive name recognition throughout Asia.

 

Our video technology, patented with the Chinese Academy of Sciences, has been under development for over 5 years and is now ready to be rolled out. The management and technical team are highly qualified and respected throughout Asia, further assuring Vid3G's success. Facebook, Instagram, Snapchat, Twitter/Vine are all banned for use in China giving our technology a competitive edge. Vid3G is now ready to capitalize on the massive market in Asia and then expand to North America. The outstanding technical people involved are as follows:

 

Dan Clayton - CTO-VID3G - Mr. Clayton excels in continuous innovation in internal application. He is a graduate of Harvard University with a degree in Computer Science & Engineering. Previously he was at DigitalNet where he was a Co-founder & CTO. The company was sold in 2004. Dan Clayton also works closely with the Institute of Computing Technology and China Academy of Sciences. He specializes in the field of video search and multimedia analysis and procession technology. He leads a seventy person research team of professors and doctoral degree holders. The company has identified significant management talent that is in fact advising the company.

 

Dany Bolduc Senior Marketing Advisor - Mr. Bolducs career encompasses 20 years in executive senior management and sales leadership roles in the telecommunications, e-commerce and travel industries across North America, Europe and Asia. With a broad and diversified background in general management, finance, sales, mobile platform strategy and applications along with traditional and digital marketing including social media, partnership and joint venture formation, channel management and distribution, product and supply chain management, he has an exceptional perspective of what it takes to be successful in complex business and cultural environments, whether in emerging or mature domestic markets, enterprise and consumer.

 

Mr. Bolduc was Vice-President - Thailand, Malaysia & Vietnam - Blackberry from August 2010-September 2011 in Singapore. He was responsible for expansion of BlackBerry smartphones sales across retail and enterprise channels, including open market distribution. He oversaw all in-market activities including formation of regional go-to market strategies.

 

Mr. Bolduc serves as Regional Director - Asia Pacific, Benelux & Scandinavia for BlackBerry January 2005-July 2010. He was responsible for the management and expansion of BlackBerry sales and commercial relations with Vodafone mobile operators in Hong Kong, Singapore, Sydney and Mumbai. Mr. Bolduc spearheaded the inception and implementation of best-practice programs globally, negotiating several exclusive supply agreements for hero product status with operators.

 

Matthew Harrington appointed as COO - Mr. Harrington is a focused business entrepreneur with twenty five years of experience in private and public sectors. He has built companies in the area of information technology, consulting & professional experiences. His expertise lies in leveraging client contacts to drive more business volume in multiple locations, while developing new business opportunities and growth with existing clients. Most recently Mr. Harrington has been a senior business development consultant working with emerging growth companies listed on the Toronto Exchange, American Stock Exchange, as well as NYSE, OTC Bulletin Board and open market and entry standard reputation for strong leadership and strategic thinking.

 

Roy Bosa CEO of Vid3G, Inc. states that "With our management and technical team we are at the threshold of making a massive entry into the video technology market. We will continue to improve and keep employing new strategies in marketing and technology to enable our shareholders the opportunity to be part of something special. My thanks to all of the hard working technical people who have been the main drivers in Vid3G, Inc. reaching this milestone."

 

Safe Harbor

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to'" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

 

Contact:
Roy Bosa
(702) 347-4223
info@usminemakers.com

 

 

SOURCE: Vid3G, Inc.

 



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Novacab International Inc. Announces Project With L'Oreal Canada

Novacab International Inc. (OTCPink: NVOB) is pleased to announce the beginning of a joint project with L'Oreal Canada. Held In collaboration with Novacab's industrial division, Groupe Enerstat inc., the second phase of the project for the installation in this plant has a value exceeding $150,000. The total amount of locations in which L'Oreal Corporation manufactures its cosmetics is 41 plants worldwide.

 

After extensive validations and project reviews, L'Oreal has chosen to initiate this important step to further test the new generation of Novacab's technologies. Expectations are that this will provide optimal temperature control and energy savings in their operations.

 

Mr. Michael Carty, Senior Vice-President, Novacab International Inc. commented, "We are excited by this opportunities to deliver our experience and highly evolved technologies to L'Oreal, a successful leader in its industry with a strong legacy in sustainability. As with the successful projects with IBM, we are confident that we will have a long term relationship with L'Oreal."

 

Novacab International Inc. is also in the process of substantially improving its current facility in Tracy-Sorel, Quebec, Canada. Substantial investment in resources will allow the company to boost its deployment in North America.

 

Projected total investment in the Tracy-Sorel facility is to exceed $1,000,000.

 

More updates are forthcoming.

 

Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

 

Contact:
Donna Giroux
dgiroux@novacab.ca

 

 

SOURCE: Novacab International Inc.

 



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Strategic Global Investments CEO Andrew Fellner Sits Down With Seeking Alpha Contributor, SmallCapReporter

CARLSBAD, CA - Strategic Global Investments, Inc. (OTC Pink: STBV) is pleased to announce that the Company was recently featured by SmallCapReporter in an Executive Interview due to heightened interest in the Company resulting from an increase in trading volume over the past few weeks.

 

In the interview Andy Fellner, CEO, provided some insight into recent developments and spoke of his vision for the short and long term future of the Company.

 

When asked about the direction of the Company, Mr. Fellner highlighted that the Company intends to capitalize on the fact that marijuana market is growing quickly. The hope, as stated in the interview, is that as more states get on board, through this branch of the Company alone, that Strategic Global expects to be able to expand the business exponentially within the next 3-5years. Also mentioned was that the Company is also focusing on marketing merchandise and combining video expertise with the Marijuana growing business.

 

When asked about anticipated growth, Fellner stated: "The largest amount of growth that we will see in the next 3-6 months for STBV will surely be in the growing and distributing of medical and recreational marijuana. As more states move for legalization we will also expand and have several other facility acquisition targets in mind. We are also very close to signing an on-line merchandising operation that will bring revenue and new interest to the company."

 

To read the interview in its entirety please visit: http://seekingalpha.com/instablog/10425141-small-cap-reporter/2714573-executive-interview-strategic-global-investments-ceo-andrew-fellner

 

About Strategic Global Investments: Strategic Global Investments is a company engaged in providing its customers with various venues to reach their target audience with on demand programming or advertising through Wazillo.com and WazilloMedia.com. WazilloMedia.com is involved in the production of videos for customers and consumers permitting the use of the Company's state of the art studios to produce their own videos and the use of a website where subscribers can make available live, streaming video for their potential audience. The Company produces Internet content, taped video shows, in their state-of-the-art studios in San Diego, California, where the productions can be stored and replayed on Demand 24/7 through the Company's cutting edge Content Management System. For more information visit our website at: www.strategicglobalinvestments.com

 

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

 

Contact:
Media Relations
Andrew Fellner
760-685-7171
Website: http://www.strategicglobalinvestments.net/
E-mail: Andy@wazillo.com

 

 

SOURCE: Strategic Global Investments, Inc.

 



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Biomass Secure Power Inc. Announces Application for Listing on TSX V

ABBOTSFORD, BC – via eTeligis - Biomass Secure Power Inc. (OTC Pink: BMSPF) (the "Company") is pleased to announce that, under the sponsorship of Canaccord Genuity Wealth Management ("Canaccord Genuity"), the Company will apply to become a publicly listed company on the TSX Venture Exchange.

 

The Company also announces a private placement of $250,000 of convertible debentures. The debentures will not accrue interest and will be due eight months after closing of the Offering. The principal amount is convertible at a conversion price of $0.10 per Share unless converted at maturity in which event is convertible at a conversion price of $0.09 per Share. The proceeds of this placement will primarily be used to pay costs related to listing on the TSX-V.

 

Canaccord Genuity meets investors' individual needs by searching the globe for investment opportunities. Drawing from their global network, they look at both the bigger picture and the finer details. This enables Canaccord Genuity to deliver long-term investment strategies, as well as informed, near-term solutions that make a difference locally to wealth management clients in Canada, Australia, the UK, and Europe. Canaccord Genuity is a global, full service investment bank focused on growth companies, with operations in 12 countries worldwide and the ability to list companies on 10 stock exchanges.

 

In Canada, Canaccord Genuity is a leading, independent wealth management firm. Their advisors are entrusted with over $10 billion of assets under administration by clients across the country.

 

About the Company
Biomass Secure Power Inc. is incorporated in the Province of British Columbia. The Company's Business Plan is based upon the construction of a pellet plant and chipping facility at the Port of Natchitoches, Louisiana. Phase One of the Plant consists of three production lines capable of producing over 1,000,000 tonnes of pellets per year. The Company projects that long term off-take agreements for the sale of all of Phase One production will be in place prior to construction ground breaking planned for summer 2014. Public filings and financial information on the Company can be found at: www.sedar.com.

 

Safe Harbour Statement:
This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results.

 

On Behalf of the Board,
BIOMASS SECURE POWER INC.
"Jim Carroll"
Jim Carroll
President and CEO
Contact: 604 807 4957
www.biomasssecurepower.ca

 

 

SOURCE: Biomass Secure Power Inc.

 



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The Bitcoin Implosion Continues As Mt. Gox Files For Bankruptcy




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The Bitcoin Implosion Continues As Mt. Gox Files For Bankruptcy



Source: www.uproxx.com - Friday, February 28, 2014
Via Flickr/Anatanacoins The ongoing trainwreck of schadenfreude that is Mt. Gox’s complete and total meltdown leaves us conflicted. On the one hand, it stinks that people lost $350 million. On the other, there’s a lot of overlap between “Bitcoin investor” and “annoying Internet libertarian,” which makes it really funny that a lot of them are screaming they’re not getting a bailout as Mt. Gox took the next step towards burning completely to the ground. For those new to the story: Mt.Gox, which stands for “Magic The Gathering Online Exchange” (really), is a Japanese company paid to store and help trade Bitcoins. Recently, the entire exchange shut down, cutting off Bitcoin users from $350 million worth of their little chunks of cryptographic code. There was hope that these people might get their money back, but according to the Wall Street Journal , that ain’t happening: Speaking to reporters at Tokyo District Court Friday after the bankruptcy filing, Mt. Gox owner Mark Karpelès said technical issues had opened the way for fraudulent withdrawals, and he apologized to customers. “There was some weakness in the system, and the bitcoins have disappeared. I apologize for causing trouble,” Mr. Karpelès said during a packed news conference at the Tokyo District Court press club. “Causing trouble” is not really the term we would have used to describe losing nine figures’ worth of stuff. If you were wondering what the Japanese authorities t






Big storm brings relief, new worries to California - Hudson Hub-Times




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Big storm brings relief, new worries to California - Hudson Hub-Times




Hudson Hub-Times

Big storm brings relief, new worries to California
Hudson Hub-Times
LOS ANGELES (AP) -- Homes were evacuated as a swift storm with expected heavy rain moved toward drought plagued Southern California, bringing worries of mudslides where recent wildfires destroyed ground cover and left hillsides exposed. The storm ...

and more »







The O.T. Mining Corporation Announces a Recapitalization Including Closing of a $375,000 Investment in the Company

BASIN, MT-via eTeligis- - The O.T. Mining Corporation (OTC Pink: OTMN) ("OTMN" or the "Company")  is pleased to announce it has closed on a recapitalization of OTMN's balance sheet which also includes an initial investment of $375,000 of fresh capital into the Company. As part of the recapitalization, the Company converted a substantial amount of corporate indebtedness into common shares of OTMN which effectively eliminated most of the outstanding debt of the Company. Another important aspect of the recapitalization plan was the conversion of nearly the entire debt owed to executives of the Company. The investor group, consisting of several accredited individual investors (the "Investors"), has received 4,687,500 common shares of OTMN priced at $0.08 per share, 10,000,000 options to purchase additional shares of OTMN priced at $0.10 per share, and 4,687,500 warrants to purchase shares of OTMN at a price of $0.16 per share. If all options and warrants in this initial $375,000 investment are exercised, this will infuse $1,750,000 of additional capital into OTMN. Under the terms of the investment, the Investors may invest up to an additional $375,000 on the same terms, for a total of $750,000. 

 

Rosemary L. Christensen, OTMN's President and Chief Executive Officer, commented on the recapitalization. "This transaction was critical for the future of our Company and its shareholders," says Christensen. "OTMN has suffered along with the entire metals exploration sector the past several years, and was unable to investigate and maximize the value of the Company's assets for the shareholders. In a single transaction, we have accomplished several important financial and strategic objectives: (1) eliminated almost all outstanding indebtedness of the Company; (2) injected sufficient working capital into the Company to sustain future corporate operations for 18 months or more; (3) began discussions with a leading mining engineering consultant who will assist and advise OTMN in investigating mineral development activities; and (4) engaged an investment banking advisor / broker-dealer, IIP Securities LLP, who will advise the Company in seeking strategic and financial alternatives, including but not limited to additional financings, potential development joint ventures with larger mining companies, and monetization of select Company assets."

 

Christensen commented further on OTMN's immediate plans. "With this financial cushion, OTMN Management and the Board of Directors will now work closely with our mining advisor and investment banker to develop a strategic and financial plan for the Company designed to discover, measure and indicate the copper-gold-silver-molybdenum mineral resource within OTMN's rights to the Ruby Property and surrounding property."

 

About The O.T. Mining Corporation -- OTMN holds the rights, including acres of fee simple land, 13 patented mining claims and 291 unpatented mining claims, to the famed and previously producing Ruby Property and nearby Basin Mill in Jefferson County, southwestern Montana. The property contains three high priority exploration targets. Exploration work completed to date by OTMN includes airborne and ground geophysics, Mobile Metal Ion geochemistry, limited drilling, geologic mapping and surface sampling. OTMN's North Area porphyry system is in the same geologic structure as, and is geochemically and geophysically similar to, the porphyry system at Butte, Montana, which is the fourth largest porphyry system in the world and was once known as "The Richest Hill on Earth." The Company's mineral property and assets have been described in a report prepared in conformity with Canadian National Instrument 43-101 ("NI 43-101") Standards of Disclosure for Mineral Projects.

 

Disclaimer: This press release contains certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

 

For further information contact:

Rosemary L. Christensen
President
Tel: (514) 935-2445
Fax: (514) 935-8161
E-mail: rchristensen@otmining.com
Web site: www.otmining.com

 

 

 

SOURCE: O.T. Mining Corporation



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ProTek Capital / Luxuriant Holdings Shareholders Update

DALLAS, TX – via eTeligis -  ProTek Capital/ Luxuriant Holdings (OTC Pink: PRPM) ("the Company") announces today Changes to the Board of Directors; and Reporting on Progress.

 

Luxuriant Holdings today made the following changes to its Board of Directors. Mr Vakser officially resigned his position as chairman to focus on expanded operations at his other companies. The company has appointed Mr. Michael Ronchetti as our new Chaiman, effective immediately. All update have been submitted to otc markets and will be reflected within 48 hrs. "We greatly appreciate all that Mr. Vakser has done for our company and wish him the best with the expanded business plans at PBS Holding Inc., and 3D Entertainment Holdings Inc. Mr. Ronchetti is a dynamic individual who is goal oriented and will be an immense asset to our company and its shareholders," said Mr. Jeffries/CEO.

 

We have been very busy executing our plan and would like to update you on the following developments. We are wrapping up talks with our first grower in Washington St. and will be announcing details early next week. We have also designed a branded "chill" cannabis drink which we will distribute through our upcoming partnerships and market wide starting in Colorado. We will be announcing trade show attendance schedules next week and are very excited about our partnership with Vortex in this arena. We also plan on a full launch of our website by end of next week. We have had many interested parties contacting us for funding and other type partnerships and expect to be announcing many new deals over the coming months.

 

Please visit our Facebook page for frequent updates:

https://www.facebook.com/pages/Luxuriant-Holdings/1419811544925474?ref=hl

 

Luther Jeffries
CEO
ProTek/Luxuriant Holdings

 

About ProTek Capital, Inc.
ProTek Capital, Inc. has historically concentrated on acquiring a portfolio of unique and promising, high-growth potential companies.

 

Forward-Looking Statements: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

 

For more information:
Luther Jeffries
lutherjeffries@gmail.com

 

 

SOURCE: ProTek Capital, Inc.

 



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True2Beauty Ready to Launch Sports Collectable Auction Site - BetUGetIt

BOCA RATON, FL-- via eTeligis - True2Beauty, Inc. (OTC Pink: TRTB) (The "Company") (www.True2Beauty.com) and its exciting and revolutionary ecommerce platform, True2Bid (www.True2Bid.com), announced that True2Beauty is positioned to launch BetUGetIt in the next two weeks, which we believe will take the penny auction concept to a whole new level. This all-new auction platform will be focusing on sports collectables, including individual collectable cards from baseball, football, basketball, hockey and even event tickets. The site will feature numerous box packs as well as individual packs. Sports collectable enthusiasts will finally have the "go to place" to win valuable cards at unbelievable prices. The site is called BetUGetIt™.

 

"The development of this site has been a work in progress for over 6 months; I'm happy to say it has come together exactly as we planned," stated Bill Bollander, CEO. He continued, "BetUGetIt will be more narrowly focused on product offerings than our current site, True2Bid, and will target a specific demographic that is easier and less expensive to reach." The first auctions will run for about 10 days once the site goes live, giving time for the company to reach potential users through a variety of marketing and advertising methods. The site will have athlete endorsements. We intend to launch a national television campaign, large scale online advertising, social media and public relations events, provided funds are available.

 

We anticipate millions in site views and thousands of paying participants in the first 6 months. The plan is to launch with Derek Jeter Month and offer some of his most sought after baseball cards. The site will go live with 10 days for new members to acquire bids, giving them time to be ready for all of the fast paced exciting action.

 

In addition, BetUGetIt will provide users a guarantee they won't lose any money, as losers in auctions will always be able to apply the value of bids used in auctions toward the discounted purchase of either a great collectable or a gift card from one of the nation's leading sports memorabilia sites.

 

The Company will provide further updates as the site prepares for launch.

 

About True2Beauty, Inc.
True2Beauty is the parent company of True2Bid, an online retail platform. The True2Bid site is focused on delivering users a wide array of products that can either be won in an action packed environment of a live auction or purchased outright at considerable discounts to MSRP. With a guarantee that "The Only Risk Is Having Fun," participants can now experience a new and exciting way to shop for the products they want, at great discounts.

 

More information on the Company can be found at:
www.True2Beauty.com and www.True2Bid.com

 

For further information, please contact Investor Relations: 1-800-630-4190.

 

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward- looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements .The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

 

CONTACT:
Investor Relations:
True 2 Beauty Inc.
1-800-630-4190
www.True2Beauty.com
www.True2Bid.com

 

 

SOURCE: True 2 Beauty Inc.



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Worldwide Forms The Green Fund

NEW YORK, NY - via eTeligis (Feb 28, 2014) - Worldwide Internet, Inc. (OTC Pink: WNTR) announced today that it has formed Green Company Holdings, Inc., a Colorado Corporation (www.thegreenfund.us) for a diversified portfolio of investments in the hemp and medical marijuana sectors.

 

The company has made an initial $1,000,000 investment through its Series C Preferred Shares and intends to add at least an additional ten companies to the fund from the 90 potential companies that would form the basis of a diversified portfolio. Once the fund is completed the company intends to list The Green Fund as a separately publicly trading vehicle that will provide shares to be available for distribution to shareholders.

 

Frank Kristan, President of Worldwide Internet, Inc. stated that:

"We are pleased to announce the formation of The Green Fund and look forward to working with the company to further develop a diversified portfolio of qualified small cap public companies in the emerging hemp and medical marijuana sectors."

 

About Worldwide Internet, Inc.

Worldwide Internet, Inc. (OTC Pink: WNTR) (www.worldwideinternetinc.com). The company is now focused on making acquisitions of business operations and investments to create a diversified holding company.

 

About The Green Fund

The Green Fund (www.thegreenfund.us) is a comprehensive group of qualified Small Cap Public Companies in the Emerging Hemp and Medical Marijuana Sectors that strives to bring up to date Actionable Investment Intelligence on the pulse of these rapidly growing industries.

 

FORWARD-LOOKING STATEMENTS:

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the OTC Markets and undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

 

CONTACT:

Worldwide Internet, Inc.

Frank Kristan 

frankkristan@worldwideinternetinc.com 

Phone/Fax: (206) 984-3470

 

 

SOURCE: Worldwide Internet, Inc.

 



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Daybreak Oil and Gas, Inc. Announces Initial Production Rates on the Gerald Grove H-4 and H-5 Oil Wells in Kentucky

SPOKANE, WA – via eTeligis - Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that the Gerald Grove H-4 and H-5 wells in Lawrence County, Kentucky, were placed on production on February 18, 2014. Each well is estimated to be producing 260 barrels of oil per day; however, the wells are being produced at a limited rate until de-bottlenecking infrastructure is completed in order to accommodate the sale of the associated natural gas produced along with the oil production.

 

James F. Westmoreland, President and Chief Executive Officer, commented, "We expect to complete the installation of a six inch gas pipeline and compressor in the field next week. This will allow us to gather and compress the natural gas that we are expecting to produce and sell with our current and future oil production. Due to the increased amount of natural gas being produced with our oil production, we have been unable to produce all of our wells as efficiently as possible. This new gathering line and compressor will alleviate that condition and will allow us to produce these oil wells on a 24 hour basis.

 

"We also expect to begin a 20-well drilling program during the 2014 - 2015 fiscal year with initiation of the first four oil wells. A drilling rig is expected to arrive on the first location around March 15, 2014."

 

Daybreak Oil and Gas, Inc. is an independent oil and gas company currently engaged in the exploration, development and production of oil and gas in California and Kentucky. The Company is headquartered in Spokane, Washington with an operations office in Friendswood, Texas. Daybreak owns a 3-D seismic survey that encompasses 20,000 acres over 32 square miles with approximately 13,000 acres under lease in the San Joaquin Valley of California. The Company operates production from 20 wells in our East Slopes project area, Kern County, California. Daybreak also owns a 25% working interest in approximately 6,400 acres under lease in the Appalachian Basin in Lawrence County, Kentucky; where, we have recently participated in the drilling and completion of 5 producing oil wells in the Twin Bottoms field.

 

More information about Daybreak Oil and Gas, Inc. can be found at www.daybreakoilandgas.com.

 

Certain statements contained in this press release constitute "forward-looking statements" as defined by the Securities and Exchange Commission. Such statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "should," "up to," approximately," "likely," or "anticipates" or the negative thereof. These forward-looking statements are based on our current expectations, assumptions, estimates and projections for the future of our business and our industry and are not statements of historical fact. Such forward-looking statements include, but are not limited to, statements about our expectations regarding our financing, our future operating results, our future capital expenditures, our expansion and growth of operations and our future investments in and acquisitions of oil and natural gas properties. We have based these forward-looking statements on assumptions and analyses made in light of our experience and our perception of historical trends, current conditions, and expected future developments. However, you should be aware that these forward-looking statements are only our predictions and we cannot guarantee any such outcomes. Future events and actual results may differ materially from the results set forth in or implied in the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: general economic and business conditions; exposure to market risks in our financial instruments; fluctuations in worldwide prices and demand for oil and natural gas; fluctuations in the levels of our oil and natural gas exploration and development activities; our ability to find, acquire and develop oil and gas properties, including the ability to develop the East Slopes Project prospects; risks associated with oil and natural gas exploration and development activities; competition for raw materials and customers in the oil and natural gas industry; technological changes and developments in the oil and natural gas industry; legislative and regulatory uncertainties, including proposed changes to federal tax law and climate change legislation, and potential environmental liabilities; our ability to continue as a going concern; and our ability to secure additional capital to fund operations. Additional factors that may affect future results are contained in our filings with the Securities and Exchange Commission ("SEC") and are available at the SEC's web site http://www.sec.gov. Daybreak Oil and Gas, Inc. disclaims any obligation to update and revise statements contained in this press release based on new information or otherwise.

 

Contact:
Ed Capko
Telephone: 815-942-2581
Investor Relations Email: edc@daybreakoilandgas.com

 

 

SOURCE: Daybreak Oil and Gas, Inc.

 



Associated Documentation:


Link to submission on http://www.eteligis.com
DBRM_2-28-14_LST_ETL.docx

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RenuEn Corp Announces FINRA Approval of Reverse Stock Split

JUPITER, FL-- via eTeligis - RenuEn Corporation (OTC Pink: RENUD) (OTC Pink: RENU), a Renewable Energy Development and EPC Company, announced today that FINRA has approved the company's request to complete a 1 for 50 stock split. 

 

Jeff Nemes, CEO of RenuEn, stated, "Over the last five weeks, FINRA has completed a comprehensive review of RenuEn and its officers, resulting in approval for our requested reverse split which becomes effective today." Nemes added, "The reverse split was prepared and submitted by our securities counsel Laura Anthony, Esq. and her team at Legal & Compliance, LLC following approval by the Board of Directors and a majority shareholder vote."

 

Mr. Nemes continued, "With this milestone behind us, coupled with our rapidly expanding Energy Solutions Dealer Program, we are already creating positive operational cash flow on a daily basis." He added, "Over the last three days our Florida dealers have submitted over $100,000 in new sales and I am expecting the company to reach the $1,000,000 sales mark in the next ten days. This is a historic moment for RenuEn considering I assembled this amazing management team in just the past two months. With a majority of my management team in place, I can now focus our efforts on building on the sound financial foundation we have created. In fact, our President Walt Kritsky and I see so many new and unique projects and opportunities on the horizon, I am confident that our shareholders will see the value that the recapitalization of the company brings to all of our current and future shareholders." 

 

Nemes added, "FINRA has notified the company that the 1-50 Reverse Split announced on today's daily list has an effective date of 2/28/14. As of the effective date, the company's stock symbol will be RENUD. The 'D' will be removed after 20 business days."

 

Concluded Nemes, "I fully intend to continue my mandate for full transparency and will continue to keep our shareholders updated with press releases and information on our website (www.renuen.com) as well as our social media platform. Shareholders can stay informed of our activities by following us on Facebook (https://www.faceook.com/RenuEnCorp ), twitter (@RenuEnToday) or follow me on twitter (@RenuEnCEO)."

 

About RenuEn Corporation

RenuEn Corporation is a Renewable Energy Development, Engineering, Procurement and Construction (EPC) Company. The company focuses on Renewable Power projects and the development of solar, geothermal and other renewable energy strategies installing energy saving products and services for residential and commercial clients.

 

About Legal & Compliance, LLC

Legal & Compliance, LLC (www.legalandcompliance.com) is a multifaceted corporate and securities law firm based in West Palm Beach, Florida. The firm assists clients in all aspects of their commerce; including reverse mergers, registered public offerings, compliance with the over the counter market trading platforms such as OTCQB, compliance with FINRA and DTC. 

 

Safe Harbor Statement

This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

 

Contact and Inquiries for Investor Relations:
Michael Irving
Paramount Advisors, LLC
407-878-5462
mike@parvise.com

 

 

SOURCE: RenuEn Corp

 



Associated Documentation:


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RENU_2-28-14_ETL_SMU.docx

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