Monday, May 05, 2008; Posted: 10:48 AM
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May 02, 2008 -- Budget Waste Inc. (PINKSHEETS: BDGW | news | PowerRating | PR Charts ) is pleased to announce that it has received confirmation from its principal market maker that a Form 211 has been filed by the market maker with NASD seeking permission to trade the company's common stock on a fully solicited basis on the Pink Sheets.
"We believe this is a very important step in our plan to have our shares trading soon on the OTCBB," stated Jim Can, CEO of Budget. "Our next step, once our audit is completed, is to file a Form 10-sb with the SEC in order to become a fully reporting company. Once we have reporting company status, our market maker can apply for trading of our shares on the OTCBB."
Budget Waste Inc. is a waste solutions company in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. With our broad range of innovative services we offer our customers more value for their dollar and reduce accounting costs by providing streamlined billing. BWI is currently following its growth through acquisition strategy with exceptional success. With regulations throughout North America pressing companies and individuals to be more vigilant in the way they handle their waste products we see vast opportunity for expansion of our distinctive services. We are confident that extraordinary growth and focus on customer needs will bring our stockholders outstanding value for the confidence they have placed in BWI.
May 01, 2008 -- The Environmental Protection Department of Broward County, Florida has named Cyclone Power Technologies, Inc. (PINKSHEETS: CYPW) the Environmental Business of the Year.
The announcement was made Tuesday at the presentation ceremony for the county's Emerald Awards, recognizing the achievements of local businesses in protecting and preserving the environment. Cyclone was chosen as Environmental Business of the Year over twelve Emerald Award winners and dozens of other locally recognized companies.
In naming Cyclone for its highest honor, the Broward EPD considered the positive impact that Cyclone's technology could have on the environment. The company calculated that if only 10 percent of lawn mowers in the state of Florida were switched to a Cyclone Engine, consumers would conserve annually over 12 million gallons of gasoline and reduce ground spillage of gas and motor oil by an estimated 100,000 gallons. Additionally, each year our air could be spared over 127,200 pounds of hydrocarbons, 1,200 pounds of nitrogen oxides, and 3,360 pounds of irritating particles; and over 1 million pounds of carbon dioxide could be offset by using carbon-neutral bio-fuels.
"We are working hard to bring the Cyclone engine to the public, as we know its impact on creating a healthier environment will be enormous," stated Harry Schoell, CEO of Cyclone. "We are so pleased that our technology has been recognized and elevated by our local environmental protection department."
The company anticipates the first of its engines will be commercially viable by 2009, and believes that walk-behind lawn mower applications could be available to consumers late next year. The company is also developing and bench testing engines for use in portable generators, riding mowers, off-road equipment, automobiles, trucks, busses, locomotives and ships.
CORPORATE PROFILE
Cyclone holds the U.S. patent, international patent applications, and exclusive commercial rights to the Cyclone Engine, an environmentally friendly and highly efficient external combustion, heat-regenerative engine. Developed by Cyclone's President and CEO, Harry Schoell, the Cyclone Engine regenerates (or recycles) its heat, which allows it to run cleaner, cooler and more efficiently than traditional internal combustion engines. The Cyclone Engine is capable of running on any liquid or gaseous fuel, including ethanol, bio-diesel and propane. The company also recently filed a patent application for its Waste Heat Engine, a low-pressure engine capable of running on heat emitted from external sources, including the waste exhaust of a power generator or renewable solar power. Both these engines are lubricated with de-ionized water instead of motor oil, and by eliminating many subsystems like oil pumps, radiators, catalytic converters and fuel injectors, the Cyclone Engines are expected to cost less to manufacture, operate and maintain. The Cyclone Engine is highly scalable and sufficiently powerful for applications ranging from lawn equipment and small home generators, large stand-alone generators, to cars, trucks, buses, RV's, boats and ships, as well as earth moving equipment and locomotives.
May 02, 2008 -- Hunt Gold Corporation (PINKSHEETS: HGLC | news | PowerRating | PR Charts ) confirms that it will be concentrating its exploration efforts in the immediate term on its "Mockingbird" Gold property.
It is intended that the Company have "Mockingbird" restored as an operating and producing gold mine in 2008.
The previous exploration work on this property has proven that these further exploration plans will yield significant results very rapidly; which will lead to production of gold on this property. "Mockingbird" is an historic gold producer and Management and their consulting Geologists are in possession of a huge amount of data in respect of this property.
The Company is not expecting to raise any cash to fund the development of "Mockingbird" and does not expect to issue any additional shares as a placing for cash. It is intended to utilize bank borrowing facilities, which are being negotiated at this time.
The Chairman of the Company's Advisory Committee, Professor Wayne P Colliston, is continuing with his re-assessment of the "Mockingbird" property. Professor Colliston is preparing an updated report on this property at this time and upon its completion, this report will be made available to our stockholders.
At the gold price of approximately US$400/oz (in August 2004), this provides a value estimate for the deposit in the range of up to $400 million. The estimated gold resource does not include the potential of the 16 gold placers identified on the property. At the current Gold price of circa US$900/oz, the revised and updated valuation report being prepared by Professor Colliston, will be significantly higher.
INTRODUCTION:
The Projects are located in the historic Mockingbird Mining District, about 50 miles (80 kilometres) southeast of Las Vegas. The project area is on federal lands about 5 miles (8 km) west of the major Las Vegas / Phoenix highway and within 10 miles (16km) of the Colorado River; it comprises of 4 claim groups spread over 2,500 acres.
As such, enough is known about the Projects to warrant reassessments of their mineral resource potential.
Significant reserves and gold mineralization are expected at depth, constrained by the structural controls associated with the Mockingbird detachment fault.
The sources of information available at the time of compilation of this report have been extracted from reports of the US Geological Survey, reports prepared for the Company and references from the gold industry including other Arizonian gold projects.
The resource potential available to the proposed future operations has been estimated by the project managers and consultants based on data drawn from reports and records related to "Mockingbird" and previous operations. There is no reason to doubt the authenticity or substance of those records and we believe that for the purposes of this report the estimates extracted from those reports could be acceptable.
A complete audit of the information available at the time of compilation has not been carried out, and the valuation of the mineral potential contained in this report assumes that confirmation of certain of the resources will be carried out at an early stage of exploration.
The investigations have concentrated on the review of the gold resource within the Mockingbird Project area and have relied on estimates and proposals as provided by the Company and previous data to make the review and estimates. There is no reason to doubt the information so obtained.
TITLE
Mining title consists of 2500 acres (1,011.72 HA) of mineral rights and comprise a number of federal claims namely:
Lode deposits: three
Placer deposits: sixteen.
And Claim Groups, which consist of:
The Mockingbird Claims, the Dandy Claims, the Great West Claims and the MP Claims.
It is significant to note that the claim block includes four existing mines namely, Mockingbird , Great West, Hall (Dandy) and Pocahontas; all these mines contributed significantly to the past gold production in this important gold producing mining district.
PROJECT OVERVIEW AND PAST EXPLORATION
The Mockingbird Project involves an important new type of Arizona gold deposit, called a "detachment fault" deposit. Detachment fault deposits were first recognized as a separate form of gold deposit in the 1980's. The best example of an Arizona detachment gold deposit is Copperstone, which, like Mockingbird is in the highly extended Western Arizona terrain near the Colorado River.
Copperstone was the biggest gold discovery in Arizona in at least 50 years. Cyprus Gold profitably mined the 500,000 oz open pit resource during the 1980's. Based upon the underground drilling by American Bonanza, it appears that the underground high-grade resource is even larger. This is however to be expected from the style of mineralization associated with detachment faults.
Unlike Copperstone, Mockingbird is an historic gold producer, producing some 15,000 ounces from high-grade ore at a weighted average grade of 0.8 oz/T. A majority of this production was from the Mockingbird Mine itself, which is the centerpiece of the Company's land position. Other mines producing gold were the Great West, Hall (Dandy) and Pocahontas Mines, all of which are included in the claim block (see Wilkins 1982).
A gold rush was initiated at Mockingbird during the 1980's, with many companies providing large amounts of exploration activity. Anaconda, who acquired the Mockingbird Project, focused exploration on the area east of the historic Mockingbird and Great West mines, and lying beneath the surface trace of the Mockingbird detachment fault.
Anaconda estimated a deposit of at least 10 million tons of .05 to 0.1 oz / T gold. This means the deposit is in the range of 500,000 to 1,000,000 ounces of gold, approximately the same size as Copperstone. This estimate does not include the additional vein material included in the earlier mentioned Wilkins Report. Joe Wilkins assessed the deposit for Gulf Mineral Resources in 1982 (see "Economic Geology of the Mockingbird Mine Area") and assumed a deposit of at least 500,000 tons at 0.1 oz / T from just the surface veins. The project was turned down as Gulf was of the opinion that the project was not big enough.
Next, Santa Fe Gold (now part of Newmont) acquired a claim block at the historic Mockingbird mine. Although their work showed anomalous gold in numerous samples, Santa Fe cancelled the project without drilling on the erroneous theory that the gold was largely found in veins and not in wall rock.
It is clear that in making this decision, the structural geology controls on the mineralization were poorly understood. This left the door open for Anaconda, which acquired two square miles of claims (all included in the Companies' land position). Anaconda geochemistry delineated numerous gold anomalies. A seismic survey confirmed that the detachment fault was largely horizontal under the eastern portion of their claim block.
There is little subsequent exploration history on the property. Arco (Anaconda's parent company) shut Anaconda down and abandoned the project. Chevron then staked the same area, did their geochemistry and selected drill targets. Chevron then merged with Gulf, and the combined unit was under the management of former Gulf personnel. As explained above, Gulf had previously turned down the project and now moved to terminate it. Western States next acquired the property for several years and apparently only did some trenching.
GEOLOGY OVERVIEW:
The Mockingbird Mining District is situated along an undulating pediment along the east flank of the Black Mountains and occurs in the "basin and "range" province of the south-western United States. The province has undergone crustal extension, with the development of symmetric structural arrays such as horsts and grabens, with the horsts being the ranges and the grabens being the basins in the "basin-and-range topography. Igneous activity (basaltic volcanism) occurred with the extensional faulting during the Mesozoic to the Cenozoic. The Mines in the district are situated along a distinct N30 degree west linear feature that cuts across the Black Mountains and displaces all older lithologic and tectonic features. The NW trend is probably a late tertiary, basin and range fault zone that localized and preserved the mineralization at the mines
The geology and mineralization of the Mockingbird District is strongly influenced by Tertiary-age detachment faults and younger high-angle normal faults, associated with the abovementioned crustal extension. The regional geological setting is a major detachment fault (called the "Mockingbird Mine Fault"; Faulds et al., 2000) separating tertiary volcanics in the upper plate from Precambrian gneiss in the lower plate.
Mineralization is found in both quartz veins and breccia zones hosted by steep faults. The mines in the Mockingbird district are located along northwest to east west striking, north-dipping to flat quartz veins containing specular hematite, oxidized copper minerals and free gold.
The nature of the structures and mineralization further suggest potential for another type of ore deposit - that of the strong likelihood of a major detachment fault associated gold / copper deposit, similar to the proven and mined Copperstone and Mesquite deposits. This was the working hypothesis of Anaconda and, later, Chevron. Unfortunately, the hypothesis could not be tested; neither company drilled the property because of project cancellation resulting from shutdown of the company (in the case of Anaconda) or merger (with Gulf, in the case of Chevron).
Surface and dump sampling shows a close correlation to Copperstone mineralization with the following average grades for all samples: Gold - 0.09 oz/T; Silver - 0.3 oz/T and Copper -0.4%.
Chevron's geochemical work suggests two undrilled anomalies in Sections 26 and 35.
Sixteen Placer gold deposits have been identified on the claims area, but have not been tested to date.
EXPLORATION MODEL:
The Mockingbird Project area has the potential for the development of a large gold reserve.
Expectations are high that a resource will be confirmed by following the known mineralization, (a) eastward (in the case of the Mockingbird Mine) and (b) north-eastward (in the case of the Dandy and Great West) under the detachment fault. The deeper Mockingbird gold mineralization is expected to occur in northwest-striking, moderate to shallow dipping fault zones related to the Mockingbird fault structural horizon in the footwall of the fault (Precambrian basement gneiss). The expected gold mineralization will be associated with breccia zones where the fault rock has been intensely sheared, altered and replaced with intense hematite and magnetite, chloritization, silicification and copper oxides related to the fault. Without the benefit of Anaconda's work, it will be necessary to re-do some geochemical and geophysical work to select drill sites.
The Mockingbird Area is modelled as a lower plate deposit, and east of the Mockingbird detachment fault the lower plate is buried. This area east of the fault is where most of the former claims occur; however large scale mining did not acquire the historic Mockingbird, Dandy and Great West Mines which are west of the fault where the lower plate is exposed.
RESERVE REVIEW
Anaconda estimated an Inferred Resource of at least 10 million tons of 0.05 to 0.1 oz/T gold with additional resources of silver and copper. US Geological Survey Open File Report 92-002 and the Arizona Department of Mines and Mineral Resources corroborated these estimates. Underground operations and an open pit have previously been established with initial assay results and informal sampling confirming widespread surface gold mineralization, some of which is high grade gold (2 oz/T).
The deposit size may be in the range of 500,000 to 1,000,000 ounces of gold. At the gold price (in August 2004) of approximately US$400/oz, this provides an estimated value for the deposit of USD 400 million. The updated report will reflect the revaluation with gold now trading at circa US$900/oz.
The estimated gold resource does not include the potential of the 16 gold placers identified on the property.
CONCLUSIONS AND RECOMMENDATIONS
Conclusion
From the assessment of the Mockingbird Project Area the following conclusions are made:
1. The Mockingbird Project is a relatively high tonnage, low-grade potential deposit. It has an Inferred Resource of at least 10 million tons with variable grade of 0.05 - 0.10 oz/T (1.55 - 3.1 gram/ton).
2. The gold resource is estimated to be of the order of 500,000 to 1,000,000 ounces of gold; this excludes the potential of the 16 gold placers on the property.
3. Silver (0.3 oz/T) and Sulphide mineralization (copper: 0.4%) may also show potential during future development on the whole property.
4. The gold resource can be raised significantly by drilling for the subsurface extension of the Mockingbird Detachment Fault, with the expectation of discovering high volume mineralised detachment fault deposits.
5. The sixteen identified placer deposits are easily mineable and also have the potential of raising the gold resource.
Recommendations
Extensive exploration at greater depth should be considered as very important to increase the resource of the property and appropriate technology applied for its exploitation.
The other Gold Projects held by the Company will continue to be assessed but Management will be concentrating its efforts on the "Mockingbird" Property on an exclusive basis insofar as exploration and production planning for 2008.
Management will be releasing a very detailed report on the "Mockingbird" Property late next week.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its properties, namely "Mockingbird", "Ambassador", "Golden Eagle", "American Molygold" and "Rochester Molygold".
May 02, 2008 -- Lev Pharmaceuticals, Inc. (OTCBB: LEVP | news | PowerRating | PR Charts ) today announced that the Blood Products Advisory Committee to the U.S. Food and Drug Administration (FDA) today voted unanimously that there is sufficient evidence of the safety and efficacy for the approval of Cinryze(TM) (C1 inhibitor) for the prophylactic treatment of hereditary angioedema (HAE), also known as C1 inhibitor deficiency.
If approved, Cinryze(TM) would be the first C1 inhibitor replacement therapy for patients with HAE in the U.S. HAE is characterized by extremely painful, debilitating and sometimes fatal swelling of the extremities, face, genitals, abdomen and laryngeal tract. These attacks, which affect an estimated 10,000 people in the U.S., are usually unpredictable and may be spontaneous or precipitated by emotional or physical stress.
"The advisory committee's support of Cinryze(TM) represents an important advancement for HAE patients, caregivers, advocates and physicians who treat this devastating disease," said Joshua Schein, chief executive officer of Lev. "We look forward to continuing to work with FDA to secure approval of Cinryze(TM) in order to serve the patients and families who suffer from HAE."
The FDA had issued a complete response letter (or "approvable" letter) in January, in which the FDA requested information with respect to chemistry, manufacturing, and controls (CMC), as well as additional analyses of existing efficacy data from the Cinryze(TM) trials. No additional safety information and no additional clinical trials were requested in the FDA's letter. Lev subsequently filed its complete response to the FDA.
The FDA will review the advisory committee's recommendations in connection with its consideration of Lev's BLA.
Conference Call Information
The Company will hold a conference call and audio webcast for investors on Monday, May 5, at 8:30 a.m. Eastern Standard Time (EST). The conference call will be available via live webcast on Lev's website at www.levpharma.com. To participate by telephone, the domestic dial-in number is 866-383-8108 and the international dial-in is 617-597-5343. The access code is 75322162. Investors are advised to dial into the call at least ten minutes prior to the call to register. The conference call will be available via live webcast on Lev's website at www.levpharma.com.
About Cinryze(TM)
Cinryze(TM) is a plasma-derived C1 inhibitor product that has been studied for the prophylactic and acute treatment of HAE. C1 inhibitor has been used for more than 35 years in Europe to treat patients with C1 inhibitor deficiency.
In the Phase III prophylactic treatment trial, Cinryze(TM) decreased the normalized number of HAE attacks compared to placebo. The trial had a crossover design with 22 subjects in the efficacy data set. The difference between the number of angioedema attacks during treatment with Cinryze(TM) and the number during treatment with placebo was statistically significant (p less than 0.0001). During 12 weeks of prophylactic treatment with Cinryze(TM), the number of attacks per patient ranged from 0 to 17.6 with a mean of 6.3 (+/-5.5) and a median of 6 attacks. During 12 weeks of treatment with placebo, the number of attacks per patient ranged from 6 to 20.5 with a mean of 12.7 (+/- 4.6) and a median of 13.5 attacks. The clinically and statistically significant results for the primary endpoint demonstrating the efficacy of Cinryze(TM) were supported by statistically significant and clinically meaningful differences in all of the secondary endpoints, with Cinryze(TM) demonstrating reductions in the severity and duration of attacks, number of days of swelling, and need for open-label Cinryze(TM) rescue therapy.
In the Phase III acute treatment trial, the median time to the onset of unequivocal relief of symptoms for an acute attack was significantly different between the Cinryze(TM) group (2 hr) and placebo group (greater than 4 hr) (p=0.026). The application for the treatment of acute attacks of HAE was not presented before the Blood Products Advisory Committee and is currently under active review at FDA.
Additionally, Cinryze(TM) has been well tolerated with an adverse event profile no different from placebo. The most common adverse reactions observed have been upper respiratory infection and sinusitis. No drug-related serious adverse events (SAEs), no immunogenicity and no decrease in efficacy have been observed.
As part of Lev's CHANGE trials (C1 inhibitor in Hereditary Angioedema Nanofiltration Generation evaluating Efficacy), the Company is conducting two open label studies for the treatment and prevention of HAE. Qualifying HAE patients continue to have access to Cinryze(TM) on a compassionate use basis, free of charge. To date, more than 6,000 doses of Cinryze(TM) have been administered in all parts of the CHANGE trials with more than a dozen patients having individually received well over 100 doses.
About Hereditary Angioedema
HAE is a rare, severely debilitating, life-threatening genetic disorder caused by a deficiency of C1 inhibitor, a human plasma protein. This condition is the result of a defect in the gene controlling the synthesis of C1 inhibitor. C1 inhibitor maintains the natural regulation of the contact, complement, and fibrinolytic systems, that when left unrestricted, can initiate or perpetuate an attack by consuming the already low levels of endogenous C1 inhibitor in HAE patients. Patients with C1 inhibitor deficiency experience recurrent, unpredictable, debilitating, and potentially life threatening attacks of inflammation affecting the larynx, abdomen, face, extremities and urogenital tract. While there is no approved therapy for acute HAE attacks in the U.S., C1 inhibitor has been used in Europe to treat HAE for more than 35 years. There are estimated to be 10,000 people with HAE in the United States.
About Lev Pharmaceuticals, Inc.
Lev is a biopharmaceutical company focused on developing and commercializing therapeutic products for the treatment of inflammatory diseases. Lev's lead product candidate, Cinryze(TM) (C1 inhibitor), is being developed as a replacement therapy for both the acute and prophylactic treatment of hereditary angioedema (HAE), also known as C1 inhibitor deficiency. Cinryze(TM) has been granted orphan drug status for the acute and prophylactic treatment of HAE, potentially securing, upon approval, market exclusivity for seven years. Additionally, Lev is in the process of prioritizing its C1 inhibitor development platform for the treatment of selective other diseases and disorders in which inflammation is known or believed to play an underlying role.
May 02, 2008 -- Planet Nutrition Holdings, Inc. (PINKSHEETS: PNHL) announces today that the company will sponsor Steve Forbes in his latest fight against Oscar "The Golden Boy" De La Hoya this Saturday (May 3rd) at The Home Depot Center's 27,000-seat soccer stadium in Los Angeles. Forbes will display Planet Nutrition's logo on his boxing trunks in this epic clash against the Golden Boy.
Steve Forbes (33-5, 9 KOs), from Las Vegas by way of Portland, Oregon, is coming off a split-decision victory over the highly touted Francisco Bojado last October. A former super featherweight champion and finalist on the reality television show, "The Contender," Forbes has never been knocked down in eleven years as a professional. He will be making his HBO debut under the tutelage of Mayweather Sr.'s brother, Jeff Mayweather.
"We at Planet Nutrition are excited to sponsor Steve Forbes in this epic clash against 'The Golden Boy' De La Hoya," stated Dan Starczewski, CEO and President of Planet Nutrition, Inc.
ABOUT Planet Nutrition, Inc.:
Planet Nutrition, Inc. has been in business since 1999 as a retailer of nutritional products and programs in the diet and nutrition industry. By offering a superior product line, employing innovative marketing techniques and developing strategic partnerships with manufacturers and distributors, the company maintains an uncompromising commitment to quality while ensuring the best value to our customers.
May 02, 2008 -- mPhase/AlwaysReady (OTCBB: XDSL | news | PowerRating | PR Charts ) today announced that it has successfully produced its first ever lithium based battery that can be manually activated providing Power on Command(TM) that has an almost infinite shelf life.
The move from low energy density chemistries as demonstrated on April 3rd to a lithium based high energy density chemistry in just 4 weeks demonstrates the speed in which this technology is moving. "This major accomplishment within one month shows clearly that the mPhase/AlwaysReady battery technology is out of the laboratory and clearly into the commercialization phase," said Ronald A. Durando, CEO of mPhase Technologies. He continued, "We could not be happier and look forward to our next milestone date of May 20th when the company is slated to publicly demonstrate its first ever lithium based battery."
mPhase/AlwaysReady is a sponsor and participant in the 7th annual NanoBusiness Alliance Conference and Exhibition, the world's leading nanotechnology trade association, being held in NYC at the Marriott Marquis from May 4th-6th, 2008.
About mPhase/AlwaysReady, Inc.
mPhase Technologies, Inc. (OTCBB: XDSL), through its wholly owned subsidiary AlwaysReady, Inc., is focused on developing and commercializing a new battery technology based on a well-patented phenomenon known as electrowetting, which provides a unique way to store energy and manage power that will revolutionize the battery industry. For more information please visit our website at www.mPhaseTech.com.
About The NanoBusiness Alliance
The NanoBusiness Alliance is the industry association for the emerging nanotechnology industry. Through its extensive network of leading startups, Fortune 500 companies, research institutions, non-governmental organizations and public-private partnerships, the Alliance shapes nanotechnology policy and helps accelerate the commercialization of nanotechnology innovations. The NanoBusiness Alliance has offices in Chicago, New York, Connecticut and Washington, DC.
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