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MindfulEye, Inc. (Pinksheets: MEYN | Quote | Chart | News | PowerRating) closed at $0.859 Monday, trading 566,900 shares.
Company News- July 15, 2008: MindfulEye Expands Presence into Multi-Billion Dollar Weight Loss Marketplace
MindfulEye, Inc. (Pinksheets: MEYN | Quote | Chart | News | PowerRating) is pleased to have announced earlier today that it has completed negotiations to bring their powerful, natural weight loss product, "Hoodia Gordinia" into the MindfulEye family of alternative weight loss products. The Company had originally entered into negotiations with Hoodia Proof, a company focused on acquiring the best possible Hoodia Gordinia to use with its state of the art delivery systems. Hoodia Gordinia allows the body to absorb the highest possible efficacy of Hoodia and to make it one of the most potent over the counter Hoodia products available on the market. MindfulEye, Inc. has completed these negotiations and will provide the necessary steps to have this product receive its Natural Health Product Number (NHPN) in Canada and its appropriate Drug Identification Number (DIN) in the United States. "Once the steps to acquire the NHPN and the DIN numbers are complete, we will be able to focus on effectively marketing this product in North America. The issue with several Hoodia products currently in the market is the possible lack of efficacy of the products or the frequency which they need to be taken. We want to provide a product that provides the most potent level of Hoodia that can be available over the counter in a variety of delivery systems and which allows for optimal efficacy of the product. These delivery systems include a patch to put on your arm throughout the day, strips and other unique forms of distribution. Our company prides itself on providing something that and is convenient" stated Mr. Harvey Panesar, President of MindfulEye, Inc. "The amount of people aspiring to lose weight according to various articles in the US alone is approximately 50 million. We suppose this is the reason that over $10 Billion is spent annually on trying to lose weight. With this Hoodia Proof product we are providing a unique, natural alternative to those who would like to lose weight the healthy way," continued Mr. Panesar.
About MindfulEye, Inc
MindfulEye Inc. has a vision of being a leader in wholistic and natural health. MindfulEye Inc. is pleased to bring effective options to individuals seeking natural and healthy alternatives to general joint care through the Arthrizyme brand, as well as a natural alternatives to the weight loss and weight management market through the innovative Vital Slim Plus brand. MindfulEye Inc. is determined to bring consumers a variety of innovative, natural and effective products, which also include the informative and highly useful book by Dr.Martin, Medical Crisis: Secrets Your Doctor Won't Share With You.
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China Security & Surveillance Technology, Inc. (NYSE: CSR | Quote | Chart | News | PowerRating) closed at $13.64 Monday, trading 221,700 shares.
Company News- July 15, 2008: China Security and Surveillance Signs Two Memorandum of Understanding Agreements
China Security & Surveillance Technology, Inc. (NYSE: CSR | Quote | Chart | News | PowerRating) ('CSST' or 'Company'), a leading provider of digital surveillance technology in the PRC, announced earlier today that the Company has entered into two non-exclusive Memorandum of Understanding (MoU) agreements with U.S. technology companies that are intended to strengthen the Company's security solutions offering. The first agreement is with FalconStor Software, Inc. (Nasdaq: FALC). FalconStor delivers proven, comprehensive data protection solutions globally that facilitate the continuous availability of business-critical data with speed, integrity, and simplicity. CSST and FalconStor are exploring technologies in areas of data storage and protection solutions. This will further increase the efficiency and effectiveness of the centralized network control centers managing the cameras and data obtained from remote sites. FalconStor's advanced technologies will add further strength to CSST's product offering as it competes for Safe City projects in China. As part of this agreement, FalconStor will also assist CSST with products and marketing development in the global market through its existing distribution network. The second agreement is with FLIR Systems, Inc. (Nasdaq: FLIR), a world leader in the design, manufacture and marketing of thermography and imaging products. Under the agreement, CSST's wholly owned subsidiary, Changzhou MinKing Electronics Co. ("MinKing") has selected the thermal imaging core component produced by FLIR Systems to be integrated into Minking's security camera solutions. The core components will upgrade Minking's cameras with thermal imaging capabilities that can be used for commercial security applications, including perimeter security, ground-based anti-smuggling installations, and airport security. In addition, both companies will work together to explore other technological applications for the security market. "We are excited to be collaborating with these two quality companies, both of which offer highly compelling solutions for the security and surveillance industry," commented Mr. Guoshen Tu, Chief Executive Officer of China Security. "As local government Safe City projects continue to accelerate in China, there is a major need for advanced data storage solutions. FalconStor will help CSST advance its technology in the area of IP-based storage and offer more technical support which can strengthen our ability to obtain new Safe City contracts. FLIR possesses top notch imaging technology which provides us with an opportunity to develop enhanced security camera solutions for our growing base of customers. We are pleased to partner with each company and believe these agreements will strengthen our portfolio of security products offered to local governments and businesses in China and help generate additional new business opportunities."
About China Security & Surveillance Technology, Inc.
Based in Shenzhen, China, China Security manufactures, distributes, installs and maintains security and surveillance systems throughout the PRC. China Security has manufacturing facilities located in China and an R&D facility which maintains an exclusive collaboration agreement with Beijing University and Wuhan University. China Security has built a diversified customer base through its extensive sales and service network that includes numerous points of presence throughout the PRC. To learn more about the Company visit http://www.csst.com.
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Flexible Solutions International Inc. (AMEX: FSI | Quote | Chart | News | PowerRating) (FRANKFURT: FXT) closed at $2.19 Monday, trading 2,500 shares.
Company News- July 15, 2008: FSI Announces Second Quarter Revenues Significantly Above Expectations
Flexible Solutions International Inc. (AMEX: FSI | Quote | Chart | News | PowerRating) (FRANKFURT: FXT) is the developer and manufacturer of biodegradable and environmentally safe water and energy conservation technologies, as well as anti-scalant technology. Today the Company announces a significant year-over-year increase in revenues for Second Quarter (Q2), 2008. Sales into most divisions were strong and, more specifically, the NanoChem Division sales into agriculture, oil extraction and detergent industries were significantly stronger than in Q2, 2007. As a result, Flexible Solutions' top line revenue was up more than 36% year-over-year when compared to Q2, 2007. Top line revenue increased from $2.14 million (Q2, '07) to $2.92 million (Q2, '08). Note also that in comparing year-over-year revenue for second quarter, Q2, 2008 revenue is the highest revenue reported for a Q2 by the Company. This brings first half revenue to $6.42 million, up 45% over first half of 2007. As reported in previous news releases, Flexible Solutions Management indicated that any slowdown in revenue growth in 2007 would likely be temporary. It is anticipated that revenue growth for 2008 may track higher than analyst expectations. Second Quarter financials will be available by mid-August when the Company's auditors have completed their review.
About Flexible Solutions International
Flexible Solutions International Inc. (www.flexiblesolutions.com), based in Victoria, British Columbia, is an environmental technology company specializing in energy and water conservation products for drinking water, agriculture, industrial markets and swimming pools throughout the world. FSI is the developer and manufacturer of WaterSavr, the world's first commercially viable water evaporation retardant. WaterSavr reduces evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow moving rivers. Heatsavr, a "liquid blanket" evaporation retardant for the commercial swimming pool and spa markets, reduces energy costs by 15% to 40% and, further results in reduced indoor humidity. The Company's Ecosavr product targets the residential swimming pool market. The Company's NanoChem Solutions, Inc. subsidiary specializes in environmentally friendly, green chemistry, water-soluble products utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are manufactured from the common biological amino acid, L-aspartic acid.
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Pluris Energy Group Inc. (OTCBB: PEYG | Quote | Chart | News | PowerRating) closed at $0.46 Monday, trading 136,771 shares.
Company News- July 15, 2008: Pluris Energy Provides Cerro Negro Concession Overview
Pluris Energy Group Inc. (OTCBB: PEYG | Quote | Chart | News | PowerRating) ("Pluris Energy" or the "Company") is pleased to have provided earlier today its shareholders with a detailed overview of the Cerro Negro concession following the Company's announcement on July 9, 2008 regarding its wholly owned subsidiary, Pluris Sarmiento Petroleo SA executing the definitive purchase and sale agreement with Clear SRL of Comodoro, Rivadavia, Argentina pursuant to the Company's acquisition of a 75% operated interest in the Cerro Negro concession, Chubut Province, Argentina. Located approximately 120 kilometers from Comodoro Rivadavia, the Cerro Negro concession comprises a total of 45,982 acres (186,000 square kilometers) of oil and natural gas exploitation areas containing two key producing fields: the Cerro Negro Field and the El Lago Field. The Cerro Negro concession is located in the prolific San Jorge basin in southern Argentina, adjacent to fields which have been highly productive for many decades. Original exploration wells on the concession were drilled by YPF in 1956 and 1966, with the first discovery wells drilled and completed in 1986. Currently, a total of 10 wells are producing an average of approximately 160 barrels of oil per day, a function of limited and dated geologic analysis and under-development of the concession. Advantageously located with respect to existing production from geologic structures that extend on to the Cerro Negro concession and combined with Pluris Energy's recent state-of-the-art three-dimensional (3D) analysis and interpretation have led to the identification of an outstanding opportunity set for extensive long-term field development which is anticipated to be realized through management's commitment to an aggressive exploitation program throughout the Cerro Negro concession targeted for commencement in the fourth quarter of 2008. The Cerro Negro concession, which is adjacent to and immediately north of the 100,000 barrel per day Cerro Dragon property operated by Pan American Energy, consists of significant exploitation potential over a broad area of the concession in the Lower Bajo Barreal formation, the structure of which is an extension of the northern plunge of the producing horizon in the Anticlinal Grande Norte Field at Cerro Dragon. Management of the Company believes that the reservoirs in the field can be typical of other fields in the San Jorge basin, with productivity increasing in a manner substantially proportional to the number of wells drilled. This is the case with neighboring Cerro Dragon, a mature field which is one of the most productive in Argentina due to massive drilling and favorable reservoir conditions resulting in an extensive long-term development platform that provides significant ongoing daily oil production. Development potential has been delineated on the Cerro Negro concession through two and three dimensional seismic data, which the Company has undertaken extensive analysis of in conjunction with analysis of well control data from the concession and surrounding producing fields and through third party engineering analysis of the overall concession potential. Three dimensional seismic data, which currently covers approximately 2/3 of the overall concession area delineates numerous discrete fault-bounded structures and potential stratigraphic trapping mechanisms. From its detailed geologic, geophysical and engineering analysis the Company has determined that a total of greater than 250 new well locations are available to be drilled and completed on the Cerro Negro field in a series of development phases that can be undertaken over a number of years. New well drills on the Cerro Negro field are planned by the Company as operator in three phases to exploit oil reserves of which the Company estimates to be 8.4 million barrels of oil equivalent in the P1 category, and an additional 10.0 million barrels of oil equivalent and 9.3 million barrels of oil equivalent in the P2 and P3 categories, respectively. The El Lago field produces oil from one discovery well which commenced production in 2004. Management of the company believes that extensive P2 and P3 development reserve potential exists on the El Lago field and surrounding areas, currently estimated by the Company to be approximately 3.9 million barrels of oil equivalent, which can potentially be exploited through drilling approximately over 40 new well locations. Gaffney Cline & Associates from Houston, Texas, were retained by the Company, whereby a reserves certification was provided to the Company based upon its submitted capital expenditure program for the Cerro Negro development program. Due to the vast size and attractive geologic attributes of the concession, significant exploration and development potential exists in seven additional identified structures as well as the upside of having other potential reservoir targets. Other exploration opportunities exist throughout the remaining 1/3 of the concession that have yet to be determined through 3D seismic data gathering or engineering analysis. As development of the known reserve areas of the concession are undertaken by the Company as described, the Company intends to evaluate all exploration potential over other unexplored and/or under-explored areas of the concession and primarily, in deeper geologic formations which have recently been proven in fields adjacent to the Cerro Negro concession to possess substantial deep oil reserves and daily production. The Cerro Negro concession possesses all required oil gathering, treatment and storage facilities on location, where current oil production is trucked from the concession to its sales and distribution point. Existing facilities are capable of managing daily production increases of up to 1,900 barrels of oil production per day in their current configuration. Plans include extensive expansion of the facilities as the development of the concession is undertaken by the Company to increase storage and take away capacities to accommodate as much as 9,000 barrels of oil production per day. Management of the Company looks forward to providing shareholders of the Company with additional information about developments of the Cerro Negro opportunity set, as well as other business developments the Company is currently developing.
About Pluris Energy
Pluris Energy Group Inc. is an international energy company engaged in the acquisition and development of producing oil and gas interests in South America. For further information, please visit the Company's website at www.pluris.com
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