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MondayMay 12, 2008 3:52 pm

May 12th CEOCast Weekly Newsletter

Companies featured in the current edition of the newsletter: ACCP, ACCY, AFMI, CACN, CETG, CYTR, ENZ, GCEH, GNBT, GSPG, HJHO, HYTM, IFSG, IVOT, MBND, PLKH, PSTI, RVEP, SMGY, SWVC, TAGS, TKO For the first time in four weeks the market lost ground. To be exact, the S&P 500 lost 26 points or 1.8%, bringing its year to date loss to 5.5%. The Nasdaq Composite Index declined by 31 points, increasing its year to date loss to 7.8%. The Dow Jones Industrial Average had the most severe decline last week, with a loss of 312 points or 2.4%, bringing its year…

MondayMay 12, 2008 3:50 pm

Simtrol Inc. (SMRL.OB) Appoints Seasoned CEO, President and Member of Board of Directors

Simtrol Inc. (OTCBB: SMRL), a developer of device management software, today announced Oliver M. Cooper III as the company’s President and Chief Executive Officer, effective immediately. As part of his upcoming responsibilities, Cooper will also be appointed to the company’s board of directors. “I am very excited about joining the Simtrol team and see great potential for this company,” Cooper stated in the press release. “Simtrol’s device management solution addresses what promises to be a multi-billion dollar market. My main focus will be to ensure that the right resources and strategies are in place to accelerate value creation for our…

MondayMay 12, 2008 1:07 pm

Global Roaming Distribution Inc. (GRDB.OB) Announces New Features, Hits Number One Spot Among U.S. Travelers Abroad

Global Roaming Distribution (OTCBB:GRDB) announced new features and improvements to the company’s premier offering, the CelTrek™ Global roaming SIM card. Global Roaming Distribution, a telecommunications holding company focused on providing extremely low-cost roaming solutions for corporations and leisure travelers around the globe via its SIM card, provided details of these new features. Using the SIM card, a customer can now use call forwarding via the Web to any number worldwide. In other words, a CelTrek™ user can forward his or her unique CelTrek™ phone number to a personal U.S. number when back home, and can also forward any continental U.S.…

MondayMay 12, 2008 12:16 pm

Management at Gemini Exploration (GXPI.OB) Has Vast Experience in South America

Gemini Exploration (GXPI.OB) is led by a management team with years of experience working and living in South America. Michael Hill, President and CEO of Gemini, has over twenty years of experience working in North and South America in venture capital finance, business development, and investment banking sectors. Mr. Hill started his investment career at Burns Fry Ltd and then moved onto Scotia McLeod, Majendie Charlton and Research Capital Ltd. During this period, Mr. Hill worked with public and private companies involved in technology, cable and media, oil and gas, biotechnology, mine development, and mining exploration. From 1994 to 1996…

MondayMay 12, 2008 12:13 pm

Guyana Gold Corp. (GYGC.PK) To Be Co-Listed on the Frankfurt Stock Exchange

Guyana Gold Corp. ("GGC") is following in the footsteps of several other North American mineral resource companies that have chosen to be dually quoted on the Frankfurt Stock Exchange. This is a move that has proven useful for many organizations with respect to increasing international exposure and achieving corporate goals more rapidly. GGC is expected to complete the listing process in a matter of 2-3 weeks. GGC President Eduard Aronov, commented, "The Frankfurt Exchange should have a major impact on the company's ability to raise capital and to gain new institutional and private shareholders. In our opinion, the European market…

MondayMay 12, 2008 12:12 pm

Victory Energy Corporation (VYEY.OB) to Commence Drilling on New Natural Gas Project

Victory Energy Corporation is an oil and gas company in the business of resource property acquisition and exploitation. It focuses primarily on energy properties in the United States and Canada. In an announcement made this morning, Victory stated its intent to begin drilling on the first of three deep Strawn Limestone gas wells this Friday, May 16. The Strawn formation is located in the Texas Permian basin, an area in West Texas known to be rich in oil and gas deposits. At an approximate depth of 9500 feet, wells in the Strawn Limestone have yielded daily production levels ranging between…

MondayMay 12, 2008 12:07 pm

Patriot Scientific Corp.’s (PTSC.OB) President and CEO Issues Letter to Shareholders

Rick Goener, President and CEO of Patriot Scientific, issued a letter today in order to update all shareholders on the company’s activities. In the letter, he stated his intention to provide regular communication through letters of this sort which will provide insight on topical issues and provide a uniform status report on company activities. Selected highlights from the May letter are as follows: Update on Positioning Patriot for Future Growth: The company has identified several interesting patent portfolios to expand their licensing efforts. These IP portfolios involve microcontroller, power management, embedded memory and mobile networking IP. The company is engaged…

MondayMay 12, 2008 12:03 pm

Illinois Tool Works, Inc (ITW) Wins Race to Acquire Britain’s Enodis PLC (ENODF.PK)

Illinois Tool Works Inc (ITW) has apparently won the race to acquire Enodis PLC (ENODF.PK), a maker of food service equipment located in Britain. On Thursday May 8, Enodis PLC agreed to be acquired by Illinois Tool Works, rejecting the previous offer by Manitowoc (MTW). Manitowac had been pursuing Enodis for two years, but in the end, Enodis accepted the Illinois Tool Works total offer of $2.3B. The Illinois Tool Works offer includes $2.1B in cash and the assumption of $210M in debt. By accepting this offer, it rejected Manitowac’s $1.9B bid. Enodis manufactures food service equipment (food preparation, ice…

MondayMay 12, 2008 11:49 am

Astrata Group, Inc. (ATTG.OB) Announces New West Africa Contract

Astrata Group announced this afternoon that Geneva-based Cotecna Group SA, a group of trade inspection, security and certification companies, has been awarded a major contract to produce a transit monitoring system for the government of Senegal's customs operations. Pat Ellis, Astrata's Regional Director for Europe and Africa said, "Astrata has been working closely with Cotecna on several public sector opportunities and we are pleased to announce the first of these to come to fruition in Senegal. This contract for the Senegalese government project underlines our progress in marketing Astrata's advanced Telematics solutions in international markets.” Astrata Group, Inc. is a…

MondayMay 12, 2008 11:19 am

Navarre Corp. (NAVR) Seeks to Capitalize the Home Entertainment Market

Navarre Corp (NAVR:NASDAQ) is a publisher and distributor of physical and digital home entertainment and multimedia products in the U.S. and Canada. The company's customers come from a wide spectrum of retailers, including mass merchandisers, third party distributors, wholesale clubs, computer speciality stores, music specialty stores, book stores, and office and electronic superstores nationwide. Navarre operates in two segments: distribution and publishing. The distribution part of the company distributes various finished goods including PC software, CD audio, DVD video, video games and accessories. These finished products are provided by PC software and video game publishers and developers, independent music labels,…

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