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Infinity Medical Group Inc. (Pink Sheets: IMGR - http://finance.yahoo.com/q?s=IMGR.PK ) (Tue, July 22, 2008, 8:45am ET) Infinity Medical Group Inc., a specialty healthcare development company focusing on the building, finance and management of cosmetic medical laser and dental implant clinics that offer elective medical and dental procedures, is pleased to announce that through its partner Rejuvena Medspa, Rejuvena Skin and Laser Centers are proud to offer the Titan procedure. The Titan Laser is a skin tightening procedure that many are calling a non surgical facelift. The Titan procedure is the first non-surgical light-based system approved by the FDA and Health Canada for the safe treatment of lax and/or redundant skin by deep dermal heating. Studies show the number of Americans over 55 will grow by 60% in the next 20 years and their buying power will exceed $2 trillion by 2007.
Americans spent just under $9.4 billion on cosmetic medical procedures in 2003. In 2004, American consumers spent $44.6 billion on anti-aging products and services, and the total anti-aging market is projected to reach $72 billion by 2009 (Business Communications Co., Inc., February 2005).
Infinity Medical Group Inc. is a specialty healthcare development company whose primary focus is in servicing the cosmetic medical laser and dental implant fields. Infinity Medical Group provides turnkey support for both medical and dental professionals and aids in their professional development through the emerging fields of cosmetic medical lasers and dental implants. Infinity differentiates itself by offering "a hands-on approach to finance, building, systemization, branding, containment, training and development of its group of clinics. "
"We are excited to announce that the Titan procedure is available directly through Rejuvena. With an estimated 2,000 Americans turning 50 every day (1 every 8 seconds) for the next 20 years we expect demand to be strong for the Titan procedure for many years to come. Clients have been successfully treated on many areas of the body including the face, chin, neck and stomach to remove post pregnancy stretch marks.
Unlike other skin firming treatments, the non-invasive Titan Procedure is painless, requires no downtime and can be used on all skin types." (Stefan Kim CEO - Infinity Medical Group)
About Infinity Medical Group Inc.: Infinity Medical Group Inc. is a specialty healthcare development company focusing on the building, finance and management of cosmetic medical laser and dental implant clinics offering elective procedures.
Western Standard Energy Corp. (OTCBB: WSEG - http://finance.yahoo.com/q?s=WSEG.OB ) (Tue, July 22, 2008, 9:00am ET) Western Standard Energy Corp., an independent oil and gas exploration company, is pleased to announce its intention to participate in a drilling partnership to fund operations for one Lodgepole well and a second, Lodgepole-Bakken well, both in Dickinson, Stark County, North Dakota.
Western Standard Energy Corp. (Company') plans to assign two or more of its prospects into a drilling partnership (Partnership') and through the formation of a new, wholly owned subsidiary, will also act as general partner of the Partnership. The Company will receive an over-riding royalty of 3% for the lease assignments. In addition, it is the Company's intention to invest on a heads-up' basis into the Partnership and purchase half of the Partnership units for $3.2 million, equally and alongside third party interests, for a total investment of $6.4 million. The Partnership will have a 100% working interest in the wells, subject to landowner's royalties, with a back-in working interest of 20% to its partner Oil for America, LLC (OFA').
The initial target will be the Lodgepole objective, with drilling operations expected to cost approximately $1.6 million. It is the Partnership's plan to drill to the Bakken objective once operations are completed on the Lodgepole target. Operations for the Bakken well will incur additional costs of around $3.2 million, bringing an estimated cost of around $4.8 million for one Lodgepole-Bakken well. Furthermore, the Partnership plans to invest in an additional Lodgepole well at a cost of approximately $1.6 million.
According to information provided to the Company by OFA, The Lodgepole Reef play began in 1993 when ConocoPhillips failed to find oil in its primary and secondary targets but tested a porous zone with shows and resulted in an initial production rate of around 400 barrels of oil per day. Since then the Dickinson Lodgepole Unit #74 well has flowed more than 2.6 million barrels of 41.4 API gravity sweet oil and around 1.5 billion cubic feet of natural gas from perforations at 9,721-9,850' in the Mississippian Lodgepole Reef.
Another well, the Ranchos #1 has produced over 4.5 million barrels of oil and nearly 2.5 billion cubic feet of gas since May 1995, and still produces over 9,000 barrels of oil a month after nearly 13 years of production. Depth of the Bakken objective, is approximately 10,000 feet, with horizontal lateral extensions of between 4,000 and 8,000 feet. Successful Bakken wells in the area have resulted in estimated ultimate recoveries (EUR) of between 300,000-800,000 barrels of oil over an expected life span of around ten years.
According to the US Geological Survey (USGS') North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation. A USGS assessment, released in April 2008, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency's 1995 estimate of 151 million barrels of oil. Major and independent oil producers actively developing their acreage in the area include Marathon, ConocoPhillips, Devon Energy, EOG, and Northern Oil and Gas, among others.
Franklin Mining, Inc. (Pink Sheets: FMNJ - http://finance.yahoo.com/q?s=FMNJ.PK ) (Tue, July 22, 2008, 8:53am ET) Franklin Mining, Inc. Chairman and President William A. Petty has returned to Bolivia to review and discuss the Escala's laboratory analysis and metallurgy reports prior to a full release of the mine's mineral content.
"I am encouraged by the reports and analysis received from the SGS Laboratory in Ontario, Canada. The 250 samples taken from Escala in June 2008, packaged and shipped following the Colorado School of Mines' prescribed procedures, are indicating significant silver and zinc content." Mr. Petty continued, "Even though we've not yet fully completed the review process, I have begun preparing a recommendation for approval of further capital investment in our Escala operation."
Franklin's Escala managers, geologist and engineer will review the reports this week and discuss them with Fernando Infante, Executive Vice President, and Howard Dunn, Vice President of Operations, International Mining, before releasing the full report.
Patriot Scientific (OTCBB: PTSC - http://finance.yahoo.com/q?s=PTSC.OB ) (Mon, July 21, 2008, 5:21pm ET) Patriot Scientific announced that it has retained Ibis Consulting Group (http://www.ibisnest.com) of Newport Beach, California as their new Investor Relations firm effective August 1. Ibis will be responsible for driving a proactive investor relations program aimed at new equity fund investors, both in the US and globally.
"Ibis has a strong track record of success in introducing companies such as ours to institutional investors driving long term institutional shareholders of Patriot. I am very pleased to partner with Ibis to communicate Patriot's exciting and evolving transition story," said Patriot President and CEO Rick Goerner.
Working together with the Patriot management team, Ibis believes it will be able to garner a broad US and European institutional exposure that will provide stability and growth in the Patriot share price as the company continues to expand beyond its successful licensing program of the MMP Portfolio into, once again, an operating company through its M&A activity.
The Ibis team has a history of identifying and developing relationships with institutions across the US and Europe which are looking for small emerging companies in which to allocate their resources. These efforts will be instrumental in getting the kind of exposure necessary for Patriot to obtain analyst coverage and make the transition from the OTC market to a broader traded exchange.
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