Free Trial!
Today’s Best Stocks To Trade! Click Here
Sign-up for our FREE Stock Alerts AND AWARD WINNING NEWSLETTER at http://www.Standoutstocks.
Jun 27, 2008 -- Composite Technology Corporation (CTC) (OTCBB: CPTC | Quote | Chart | News | PowerRating) is pleased to announce that Credit Suisse Securities (Europe) Limited (Credit Suisse) has exercised its option to invest a further $40 million. Prior to this investment, Credit Suisse owned 9.3% of the outstanding shares of CTC. This sale resulted in net proceeds to CTC of $40 million.
After this investment, Credit Suisse owns approximately 23.7% of the outstanding shares of the company. Further details will be filed in a timely manner in a Form 8-K report with the Securities and Exchange Commission.
Benton Wilcoxon, Chairman and CEO of Composite Technology, stated, "We are very pleased that Credit Suisse has chosen to exercise its option to invest further in our company. This is a strong endorsement of CTC's market position and the technological advantages of ACCC conductors and DeWind D8.2 turbines have when compared to competing products. We are well positioned for growth and this investment should facilitate the negotiation and completion of significant DeWind D8.2 orders as well as expand the growth in ACCC conductor business worldwide."
The securities were offered to accredited investors in reliance on an exemption from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The offering has not been registered under the Securities Act or any state securities of "blue sky" laws, and the securities may not be offered or sold absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy securities.
About CTC:
Composite Technology Corporation, based in Irvine, California, USA, develops, manufactures and sells innovative high performance electrical transmission and renewable energy generation products through its subsidiaries:
-- CTC Cable Corporation produces composite rod for use in its patented ACCC* (Aluminum Conductor Composite Core) conductors, which are "high efficiency conductors" for use in electrical transmission grid systems. ACCC conductors demonstrate less electricity line losses when compared with conventional conductors and when deployed in place of conventional conductors on existing systems, the higher efficiency of ACCC conductors enables power generators to reduce the amount of power they must generate while still delivering the same power to the customers. They have also demonstrated significant savings in upgrade capital costs and operating expenses when substituted in grid systems for other conductors. ACCC conductors enable grid operators to reduce blackouts and brownouts, providing a 'reserve electrical capacity' by operating at higher temperatures without significant thermal sag of the lines. ACCC conductors are an innovative economical solution for reconductoring power lines, constructing new lines and crossing large spans. ACCC composite core is delivered to qualified conductor manufacturers worldwide for local ACCC conductor production and resale into local markets.
-- DeWind Inc. designs, produces, and sells the DeWind series of wind energy turbines, including the new 2 megawatt (MW) D8.2 model available in both 60Hz and 50Hz; the 2MW D8 model in 50Hz; and the 1.25MW D6 model in 50Hz. The new D8.2 has been operating since early 2007 at Cuxhaven, Germany, and utilizes the advanced WinDrive(R) hydrodynamic torque converter developed by Voith AG in combination with a synchronous AC generator with high voltage output that is connected directly to the grid without the use of power conversion electronics. The first 60Hz D8.2 is now operating at Sweetwater, Texas, where it will initially be used for demonstration to North American customers. DeWind D8.2 turbines are now being assembled at TECO Westinghouse Motor Co., in Texas for our North and South American customers.
June 26, 2008 -- Good Life China Corp. (PINKSHEETS: GLCC). Olympic beach volleyball bronze medalist and 2008 US Olympic hopeful Elaine 'EY' Youngs announced today a new endorsement agreement with Good Life China Corporation. Youngs, a long time star of the professional beach volleyball circuit, is a 2004 Olympic bronze medalist who remains one of the top ranked players in the world. She and playing partner Nicole Branagh are considered serious medal contenders for the upcoming 2008 Olympic Games.
Mrs. Dong Mai Jia Chairman and CEO of Haorizi Good Life, and Asia Pacific Holdings Inc (Belize) parent company of Good Life China, remarked, "When our advisors at Mina Mar Group first brought Ms. Youngs to our attention we were immediately intrigued with the opportunity to associate our brand with a decorated Olympian of her caliber. Our company operates not only in China, but also in North America where Ms. Youngs plays the majority of her competitions. We share her commitment to being the best, be that in her world of volleyball or in ours of providing quality convenience stores to the rural markets of China. We are proud to sponsor US Olympian Elaine Youngs and look forward to welcoming her and all of the Olympians from around the world to China."
"I've had a number of great sponsors in my career but I'm particularly flattered to work with Haorizi and Good Life China. Like so many athletes, I've been dreaming of China for a long time so to be singled out and sponsored by a Chinese based company is an honor. The work that they do, providing convenience stores to the rural areas of China, is something that people here and in many parts of the world where I typically compete might take for granted. But Good Life China is providing places where people can find the things they need everyday. I'm looking forward to working with them and hope to make them proud of our performance in Beijing," said Youngs.
About Elaine Youngs:
Elaine or "EY" as she is known on the sand, has been one of beach volleyball's top stars for over decade. Her career highlights include an Olympic bronze medal, the Association of Volleyball Professional's (AVP) Most Valuable Player Award, AVP Best Blocker and AVP Best Offensive Player. She has led the league in serve aces, blocks, kill percentage and hitting percentage and tallied 40 career wins and over $1 million dollars in career earnings.
About Good Life China (GLCC)
Haorizi Good Life (symbol GLCC.PK) is a diversified international company active in North America and China. China based operations represent the lion's share of revenue and profit, centered around a large and rapidly growing chain of convenience stores serving rural markets.
About Q Sports Marketing
QSM is a full service sports marketing and consulting agency specializing in the Olympic Games. QSM primarily works with corporations looking to leverage their investments in the sports world with athlete relationships and with athletes seeking professional representation.
The common shares of the Company are currently dually listed in the USA Pink Sheets (symbol GLCC.PK) and the Frankfurt Stock Exchange (Xe:L9X). The issuer is in good standings with Pink Sheets and ranked as a "Current Information" filer with its security.
June 26, 2008 -- GoldSpring, Inc. (OTCBB: GSPG), the owner of the largest mineral rights land position in Nevada's Comstock Lode Mining District, announced today that it has entered into a definitive agreement with an existing shareholder, who is an accredited investor, under which it will receive $2.5 million over the next six months, through the issuance of 11% five-year Senior Convertible debentures. The first $500,000 has been funded. The debentures are convertible into restricted common stock at a price of $.015 per share, which was the price of the Company's stock when the parties reached an agreement in principle earlier this month. In addition, the Company has entered into an agreement with its existing lenders, under which the parties have agreed to extend the maturity date of certain indebtedness with terms ranging from an additional two years to an additional five years.
"This financing, from a committed long-term shareholder, provides the Company with additional capital to expand its drilling activities," said Rob Faber, GoldSpring's Chief Executive Officer. "By doing so, we hope to increase our resource base, making the Company more attractive to potential strategic partners and increasing its financial flexibility. In addition, by extending the maturities of debt that had previously been in default, we have strengthened our balance sheet, which will allow the Company to focus its attention on operations, and not capital raising."
Additional details on the transactions will be available on Form 8K which the Company expects to file with the Securities and Exchange Commission in the coming days.
About GoldSpring, Inc.
GoldSpring, Inc. is a North American precious metals mining company, focused in Nevada, with extensive, contiguous property in the Comstock Lode District. Our Company was formed in mid-2003, and we acquired two properties in the Comstock Lode before the end of the year. We secured permits, built an infrastructure and brought the exploration project into test mining production within a year of its acquisition. The Company, in 2005, began consolidating the Comstock Lode by acquiring additional properties in the district, expanding our footprint and creating opportunities for exploration and mining. We are an emerging company, looking to build on our success through the acquisition of other mineral properties in the Comstock Lode District with reserves or exploration potential. The Company's objectives are to increase reserves through exploration, expand its footprint in the Comstock, resume mining, optimize its production, and maximize shareholder value.
June 26, 2008 -- NutraCea (OTCBB: NTRZ), a world leader in stabilized rice bran (SRB), nutrient research and technology, today announced that it has signed a definitive agreement with the Bright Food Investment Group a subsidiary of Bright Food Group ("Bright"), China's largest food conglomerate to build the world's largest rice bran oil refinery. The new rice bran oil refinery will process an estimated 500,000 metric tons of raw rice bran annually to produce rice bran oil, new patent-pending defatted rice bran and stabilized rice bran, all of which will be used in a wide range of food applications.
Brad Edson, President and Chief Executive Officer of NutraCea said, "We have forged a very important relationship with Bright, which further strengthens our company's global prospects. The size and scale of this agreement presents a major opportunity for NutraCea to enter China's vast market and introduce rice bran oil, our new patent pending defatted rice bran and stabilized rice bran to one of the world's most vibrant economies.
Bright's President, Cao Shumin commented, "We are pleased to announce the selection of NutraCea as a partner in this important business venture. We believe our mutual business goals are in complete alignment with Bright's vision to provide healthier and higher quality food to the public. We look forward to implementing this and future projects with NutraCea."
According to the terms of the agreement, NutraCea will provide 80 percent of the capital and retain 72 percent of the ownership and profits of the venture. Bright Group and a strategic advisor to the venture will contribute 20 percent of the capital and receive 28 percent of the profits.
The facility, upon completion in 2010, will be the world's largest rice bran oil and rice bran derivative manufacturing plant with capacity to produce in excess of $200 million in annual gross revenues based on today's market prices. The basis for this venture is the implementation of NutraCea's proprietary stabilization technology, which will reduce production costs of the rice bran oil while increasing the yield and enhancing the nutritional profile of the end products. In addition, NutraCea and Bright Food Group anticipate the future construction of additional facilities of similar size. The agreement between NutraCea and Bright requires normal and customary government approval by the People's Republic of China and is not anticipated to cause any delays.
"Bright Food Group prides itself on bringing healthful and nutritional products to market that can improve quality of life. Rice bran oil is one of the healthiest edible oils in the world. Our partnership with NutraCea aims to become a leader in the manufacturing and distribution of rice bran oil and other rice bran based products. We are pleased to be able to bring together this important co-operative venture between the two companies. China's economy is experiencing dramatic growth, as is the Bright Group. Bright is China's largest food conglomerate and distributes products to more than 50,000 retail outlets," said Cao Shumin.
Edson stated, "We are currently assessing several potential funding options available to NutraCea and will choose the one that makes the most sense and will be in the best interest of the company and its shareholders within the next 90 days."
Edson noted that Leo Gringas, NutraCea's Chief Operating Officer, would be spearheading the company's effort in China. "Leo has more than twenty years of experience in rice bran oil technology and his substantial expertise will enable us to capitalize on burgeoning consumer interest worldwide in healthy edible oils."
Leo Gingras said, "NutraCea's proprietary technology is the cornerstone to this important business venture and has the capacity to significantly reduce the operating costs, and improve the nutritional profile of the rice bran oil. Furthermore, the defatted bran, which we recently filed patents for and our patented stabilized rice bran are highly marketable in China and significantly increase the value of our intellectual property portfolio. I'm eager to deploy our technology and implement it on this scale."
About Bright Food Group Ltd.
The Bright Food Group is China's largest food industry group company. In 2007, Bright's revenue amounted to 66 billion RMB. Bright's main service includes agricultural, food and beverage manufacturing, channel distribution, logistics, and retail point of sales. With over 4,000 directly owned retail outlets and serving over 50,000 other retailers, Bright is the largest distributor in China. Bright is one of the market leaders of dairy products, rice wine, and sugar. Under its flagship, it has four listed companies, all publicly traded on the Shanghai Stock Exchange. They are Bright Dairy & Food Co. (SHA: 600597), Shanghai First Provisions Store Co. (SHA: 600616), Shanghai Haibo Co. (SHA: 600708), and Shanghai Maling Aquarius Co. (SHA: 600073).
About NutraCea
NutraCea (OTC Bulletin Board: NTRZ | Quote | Chart | News | PowerRating) is a world leader in the stabilization of rice bran. The Company applies its proprietary and patented technologies during the rice-milling process to stabilize the rice bran, which it then uses to manufacture ingredients and products that it distributes to a growing roster of customers around the world. NutraCea's products include nutritious, high-quality ingredients for human and animal food companies; nutraceuticals that promote health; rice bran oil, and nutrient-dense rice bran products for humanitarian feeding efforts. The Company also has a growing market position in the stabilization and distribution of wheat bran, and it is increasingly engaged in the production of healthy edible oils and derivative products. NutraCea is headquartered in Phoenix, Arizona, U.S.A., and it has more than 300 employees.
Jun 26, 2008 -- Heartland Oil and Gas Corp (OTCBB:HTOG) (FWB:HOCA), an explorer, developer, producer and seller of coal bed methane, said on 25 June that revenues from its coalbed methane field in Miami County, Kansas continue to advance. The company expects to double its production from this field as the 18,000 foot pipeline expansion project and the subsequent connection of 12 additional wells, will soon be finished. Universal Property Development and Acquisition Corporation (OTCBB: UPDV), a company that engages in the acquisition, exploration, production, development, storage, and distribution of oil and natural gas, acquired Heartland and since then its gross revenue on production in Kansas has doubled to USD110,729 in just a year.
June 27, 2008 --Diet Coffee, Inc. (OTCBB: DCFF - News; Frankfurt: T5V.F - News), announced today a corporate name change to Zevotek, Inc. This signals a new beginning for the organization which has completed a sweeping corporate restructuring and a successful integration of worldwide, exclusive marketing and distribution rights to the Ionic Bulb, which it acquired earlier this year. The Company will begin trading under its new ticker symbol "ZVTK" beginning on Friday, June 27, 2008.
Zevotek CEO Adam Engel stated, "As a result of the Ionic Bulb rights, we believe that the name Diet Coffee is no longer indicative of who we are as an organization. This combined with our fresh approach and new direction, was the right time to introduce Zevotek, Inc. to reinforce our commitment to this long-term strategy. We look forward to introducing new and exciting products to the ionic line under this new name. We also expect new domestic as well as foreign contracts to be announced in the near future."
In addition, management has taken the necessary steps to consummate a reverse split of its common stock at a ratio of one-for-50 as part of its future recapitalization strategy.
About the Company:
Zevotek, Inc. plans to market and sell independently a range of distinct and independent lines of home care and household products. In May 2007, the company entered into a license agreement to sell an energy saving compact fluorescent light bulb named the Ionic Bulb. The company plans to market the Ionic Bulb through TV infomercials, catalogs, magazines and major U.S. retail and specialty stores and the website www.zevo-tek.com and www.ionic-bulb.com.
About Standoutstocks.com Standoutstocks.com has become one of the premier stops for investors who wish to experience huge profits via investing in up-and-coming publicly traded companies. Standoutstocks.com email report service is free to those investors who sign up on our website. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to OTCBB and Pinksheet companies that have the potential of showing increased activity and Standing Out from the rest of the market. To subscribe to this free service, visit the Standout StocksReport home page at www.Standoutstocks.com and select the "join now" button.
Join us at www.standoutstocks.com for a complimentary subscription to the most exciting online financial newsletter on the market.
Disclaimer: Verify all claims and do your own due diligence. Standoutstocks.com profiles are not a solicitation or recommendation to buy, sell or hold securities. Standoutstocks.com is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. All statements and expressions are the sole opinion of the editor and are subject to change without notice. Standoutstocks.com is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. It should be understood there is no guarantee that past performance will be indicative of future results. Investors are cautioned that they may lose all or a portion of their investment in this or any other company. In order to be in full compliance with the Securities Act of 1933, Section 17(b), Standoutstocks.com is owned and operated by Standoutstocks.com. Neither Standoutstocks.com nor any of its affiliates, or employees shall be liable to you or anyone else for any loss or damages from use of this e-mail, caused in whole or part by its negligence or contingencies beyond its control in procuring, compiling, interpreting, reporting, or delivering this Web Site or e-mail and any contents. Since Standoutstocks.com receives compensation and its employees or members of their families may hold stock in the profiled companies, there is an inherent conflict of interest in Standoutstocks.com statements and opinions and such statements and opinions cannot be considered independent. Standoutstocks.com and its management may benefit from any increase in the share prices of the profiled companies. Information contained herein contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements". Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Standoutstocks.com services are often paid for using free-trading shares. Standoutstocks.com may be selling shares of stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.
Visit us for a full Disclaimer at: www.standoutstocks.com/disclaimer.htm
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
