Blog - Page 5230 of 5615

ThursdayJul 05, 2007 12:38 pm

Nascent Wine Company, Inc. (NCTW.OB) dba Nascent Foodservice, Inc. Executes $11.3 Million Financing to Help Drive Business Plan Ahead of Schedule

Nascent Wine Company, Inc. (NCTW.OB), dba Nascent Foodservice, Inc. reports that on June 28, 2007 it completed a common stock offering of 27,247,500 shares through Brookstreet Securities. Gross proceeds of the offering were $11,299,000, and the net proceeds from the offering to Nascent were $9,830,130. Sandro Piancone, CEO of Nascent Foodservice, stated, "This financing enables Nascent to execute its business plan ahead of schedule, and position Nascent to take the next steps in becoming the one of the largest food distributors in Mexico." Nascent Foodservice is quickly becoming a leading food and beverage distributor throughout Mexico, marketing and distributing over…

ThursdayJul 05, 2007 11:56 am

Samsonite Gets Bagged by CVC Capital

Shares of Samsonite Corporation (OTCBB: SAMC) jumped up today after news of its acquisition by CVC Capital Partners surfaced. In early trading today, SAMC was up 11 cents (8 percent) to $1.44 per share on volume of 470,728 shares. SAMC entered into a definitive merger agreement to be acquired by funds managed and advised by CVC Capital, a leading global private equity firm. The all-cash transaction is valued at approximately $1.7 billion, including the assumption of debt. Marcello Bottoli, CEO of SAMC, said in a press release: “We believe that this transaction delivers excellent value to all our shareholders. I…

ThursdayJul 05, 2007 10:17 am

Status Report on Business Operations Issued by PetroSun, Incorporated (PSUD.PK)

PetroSun, Incorporated (PSUD.PK) today provided a status report update on its oil and gas operations to include: Muslow #1, Caddo Parish, Louisiana The Muslow #1 sold its initial production of approximately 180 barrels of crude oil on June 29, 2007. The well continues to produce 13-15 barrels of oil and 50-60 thousand cubic feet of gas per day. A development well will be drilled in the near future on the 2,961 acre lease. Sibley Field, Webster Parish, Louisiana Gross production from the Holley #1D, Burson #1 and the Connell #1 for the month of June was reported to be 1,827 mcf of…

ThursdayJul 05, 2007 8:05 am

Wind Turbine Order “Blows” CPTC up 5%

Shares of Composite Technology Corporation (OTCBB: CPTC) closed up strong today after news of an order for one of its D8 wind turbines was announced earlier this morning. CPTC closed up 8 cents (5 percent) to $1.50 per share on volume of 1,543,927 shares. CPTC announced that its DeWind subsidiary has received an order from Sia Lenkas Energo, for one 2 megawatt (MW) DeWind D8 wind turbine for delivery to one of their projects in Latvia. The turbine is scheduled for delivery in mid 2008. Just like me, you must be wondering what one of these wind turbines costs ……

ThursdayJul 05, 2007 7:56 am

Hybrid Technologies, Inc. (HYBT.OB) Delivers All- Lithium Smart Car to Actor in Italy

Hybrid Technologies, Inc. (HYBT.OB) reports that George Clooney received delivery of an All-Lithium Smart Car. The car is to be used in Italy by the Oscar-winning Actor. Trend forecasting magazine People Weekly featured a story on Hybrid and George Clooney's relationship several times once the contract was formalized with the Hollywood superstar. An executive from Hybrid Technologies flew to Italy to deliver the vehicle to Mr. Clooney. The vehicle delivery is part of Hybrid's new European product launch which is scheduled for the spring of 2008. Hybrid partnered with ALITALIA for shipment to ITALY and worked with the Italian government to…

ThursdayJul 05, 2007 7:13 am

PetroSun, Inc. (PSUD.PK) Announces Updates on Current Oil and Gas Operations

The Muslow #1 has continued to produce 13-15 barrels of oil and 50-60 thousand cubic feet of gas per day, and a development well is expected to be drilled in the near future. PetroSun also announced that the gross production from Holley #1D, Burson #1 and the Connell #1 located in Louisiana has reportedly produced 1,827 mcf of gas and 21.71 barrels of oil. New Standard Exploration and PetroSun met last week in Arizona to finalize a drilling prognosis and initiate preliminary operations for the Lanagan A test, which is expected to be drilled before December. An inspection will be completed by the…

ThursdayJul 05, 2007 7:03 am

Extreme Motorsports (ETMO.PK) to be Featured in Action TV Series

Extreme Motorsports of California, Inc. (ETMO.PK) reports that the Company will be featured in an upcoming action TV series segment known as the "World's Greatest!" The "World's Greatest!," a project of Crown Point Productions, is a series of 13 half-hour episodes presenting "some of the most amazing and unique companies, products, people and destinations the world has to offer" and is distributed to more than 100 million potential households through national cable outlets such as PAX, OLN, A&E and the Travel Channel. Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and…

ThursdayJul 05, 2007 6:49 am

Investors Send Shares of CanAm Uranium Corp. (CAUI.OB) Up Sharply Early Thursday, as Company Provides Update

CanAm Uranium Corp. (CAUI.OB) announced a Corporate Update Thursday morning which outlined some very key points: Since CanAm Uranium's Board of Directors chose to focus on Uranium as the cornerstone of the company, Uranium has increased from roughly $40 per pound to $135 per pound at its current spot price as of July 2nd 2007. CanAm has grown to over 4,000 investors and 159,000 acres of prospective Uranium Properties in some of the world's most prolific uranium mining areas including Bancroft, Ontario and the Athabasca Basin Saskatchewan. At Bancroft, CanAm Uranium Corp.'s fieldwork focus has been the development of the…

ThursdayJul 05, 2007 6:23 am

Extreme Motorsports of California, Inc. (ETMO.PK) Reports and Defines Company Share Structure for Investors

Extreme Motorsports of California, Inc. (ETMO.PK) reported today its Company Share Structure for Investors. Extreme provided an update to its share structure as of June 30, 2007. The current share structure is as follows: -- Common Stock -- Restricted: 20,685,069 -- Free-trade Certificated: 543,631,207 -- Free-trade Electronic or "Street Name:": 913,109,515 -- Total Issued and Outstanding: 1,477,425,791 -- Preferred Stock -- Total Issued and Outstanding: 10,000,000 About Extreme Motorsports of California, Inc. Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983,…

ThursdayJul 05, 2007 6:22 am

CanAm Uranium Corp. (CAUI.OB) Updates Investors on Latest News and Highlights

CanAm announced a Corporate Update this morning. Since the company decided to focus on Uranium, the spot price for the metal has increased from about $40 a pound to $135 a pound. CanAm’s main focus during this Fall will be on the development of the optioned mineral claims in Bancroft by drilling for concentrations of U3O8 in radioactive pegmatite. The property has historically produced 3 million pounds of Uranium. The six holes drilled on the Halo Project has shown assay results which are consistent with previous performance. CanAm has scheduled an exploration program which includes a 3600 line airborne radiometric,…

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