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Hybred International, Inc.(Pink Sheets: HYII - http://finance.yahoo.com/q?s=HYII.pk)
July 21st, 2008-- Hybred International, Inc.(Pink Sheets: HYII | Quote | Chart | News | PowerRating) was established in 2005 and became a publicly traded company earlier in Q1 2008. The Company believes it successfully created the next-generation therapeutic horseshoe and is pleased to share the following information. Corporate Web Site: www.hybredhorseshoe.com. About the Hybred Horseshoe: The Hybred Horseshoe was created to address the number one problem in the equine industry - hoof injuries which account for nearly 90% of all potentially serious and often detrimental injuries to horses employed in all sectors of the equestrian market. The Hybred Horseshoe is comprised of a polyurethane molding which once attached to an aluminum horse shoe thus becomes a shock absorber and protects the horse's hooves and joints from deterioration caused by running on hard surfaces such as concrete, asphalt and race tracks. In addition, its design features enable the farrier the use traditional shoeing methods. Primary Marketing Partner: The Company has signed an agreement with Thoro'bred, the world's largest manufacturer of horseshoes. Under the terms of the agreement, Thoro'bred will manufacture, market and distribute the Hybred Horseshoe and market the product through its well-established world-wide distribution network. About the Equine Industry: The equine industry is approximately a $39 Billion industry according to a study published in 2005 by Deloitte Consulting LLP for the American Horse Council Foundation. Over 4.6 million people are engaged in the industry as horse owners, service providers, employees and volunteers; Tens of millions of other are spectators in equestrian events in one form or another. The study also showed that the industry directly produces goods and services of $38.8 Billion, with a total impact of $101.5 Billion on the U.S. Gross Domestic Product. About the Horse Shoe Market: In the US alone, there are approximately 9 million horses that requiring shoeing each month. Considering that a shoeing is four horseshoes per horse each month for 9 million horses, the total horseshoe market in the United States is estimated at $432 million per annum. Based on the foregoing, the horse shoe industry, exclusive of any labor and tooling, is approximately $3.2 Billion a year. There are more than 52 million horses outside the United States, thus representing a potential market opportunity of an additional $18.7 Billion.
King Thomason Group, Inc. (Pink Sheets: KGTH - http://finance.yahoo.com/q?s=KGTH.pk)
July 23rd, 2008-- King Thomason Group, Inc. (Pink Sheets:KGTH) today announced it has entered into a letter of intent to acquire The Woodlands, TX-based Hardwired Interactive, Inc. The company to be acquired (Hardwired Interactive) provides a suite of technologies and destinations that empower people to drive and define an online social network experience perfectly suited for their unique needs, interests, and online interests. The transaction is subject to the satisfactory completion of certain items including, but not limited to, the completion of audited financials and the completion of SEC required filings. The transaction will be accomplished through a reverse merger that will result in the current shareholders of Hardwired Interactive, Inc. owning approximately ninety four percent of the total outstanding shares of the combined companies on a fully diluted basis, subject to adjustments. "We are pleased with what Hardwired Interactive has been able to accomplish thus far, and in our opinion the Hardwired Interactive acquisition provides the viable option we have been looking for in creating long term shareholder value," said Tim King, Chief Executive Officer of King Thomason Group, Inc. Hardwired Interactive, Inc. Chief Executive Officer Mark T. Wood said, "We are excited about our future with King Thomason Group, Inc. and believe our customers and shareholders will benefit from our plan to expand our service offerings and deliver strong value in the market." About Hardwired Interactive Hardwired Interactive, Inc. improves the online social network experience by providing a simple, easy to use Web 2.0 suite of technologies and destinations that empower people to drive and define a online social network experience perfectly suited for their unique needs, interests, and online interests. Easily reached from your PC and cellular phone, Hardwired provides an integrated community that incorporates personalized social networking, text messaging, mobile multimedia content programming, and customizable news and focused content for members. For more information regarding the company, please visit http://www.hdwrd.com.
Midway Games Inc. (NYSE: MWY - http://finance.yahoo.com/q?s=MWY)
July 21st, 2008-- Midway Games Inc. (NYSE:MWY), a leading interactive entertainment publisher and developer, today announced it will be combining the operations of Midway Studios - Los Angeles, located in Moorpark, CA, with Midway Home Entertainment, located in San Diego, CA. The newly combined operations will be located at Midway Home Entertainment's current San Diego facility. The majority of Moorpark employees, including the entire development team for Midway's TNA iMPACT!(TM) franchise, are being offered the opportunity to transfer to the San Diego facility. Midway expects to complete the transition out of the Moorpark facility by September 30, 2008. Combining the locations will allow the TNA iMPACT! development team to further leverage synergies with Midway's other development studios in Chicago, Austin, Seattle, and Newcastle, UK, and work in close conjunction with the third-party production, licensing, and quality assurance groups that are currently in San Diego. In addition, the San Diego area has a strong interactive entertainment talent base that will greatly help fuel Midway's future growth. As part of this move, Midway expects in the near future to look for new talent in its San Diego studio. For a list of available positions please visit www.midway.com. About Midway Midway Games Inc. (NYSE: MWY), headquartered in Chicago, Illinois, with offices throughout the world, is a leading developer and publisher of interactive entertainment software for major videogame systems and personal computers. More information about Midway and its products can be found at www.midway.com. TNA, TOTAL NONSTOP ACTION, and other TNA indicia used on or in this product are trademarks, copyrighted designs and other forms of intellectual property of TNA Entertainment, LLC and may not be used in whole or in part, without the prior written consent of TNA Entertainment, LLC. (C) 2005 TNA Entertainment, LLC.
Sterling Mining Company(OTCBB: SRLM - http://finance.yahoo.com/q?s=SRLM.ob)
July 23rd, 2008-- Sterling Mining Company (TSX: SMQ)(OTCBB: SRLM)(FRANKFURT: SMX) and Minco Silver Corporation ("Minco Silver") (TSX: MSV) are pleased to announce that they have signed a letter of agreement whereby Minco Silver will acquire 100% of the issued and outstanding shares of Sterling (the "Transaction"). The transaction will result in Minco Silver controlling two world class silver deposits including the Fuwan Silver property in China and the Sunshine Mine in Idaho, USA. Transaction Under the terms of the Transaction, Minco Silver has offered 0.51 of a share for each one Sterling share which equates to an offer of US$1.58 per Sterling share based on Minco Silver's July 21, 2008 closing price. The offer values Sterling at US$62.3 million. Upon completion of the Transaction, the combined company will have approximately 52 million common shares issued and outstanding, plus options and warrants. Minco Silver shareholders will own 61% and former Sterling shareholders will own 39% of the combined company. Minco Silver has extended a US$15 million line of credit to Sterling, of which US$5 million is to be funded immediately, bearing 10% annual interest compounded monthly, to be used for continued operations at the Sunshine Mine. A management committee has been established to supervise the day-to-day operations of Sterling during the transaction period. It is comprised of seven members, four from Minco Silver and three from Sterling. The Transaction is subject to completion of confirmatory due diligence, definitive documentation, regulatory approvals, and obtaining shareholder approval at a special meeting of the shareholders of Sterling. The letter agreement includes a commitment by Sterling to not solicit alternative transactions to the Transaction. A break fee of US$2 million is payable to Minco Silver under certain conditions. The Transaction is expected to close by December, 2008. Subject to regulatory approval, Minco Silver will pay at closing a finders' fee of 50,000 common shares to an arms-length third party related to the Transaction. Compelling Combination The combination will bring significant benefits to each of the companies and their shareholders. The Boards of Directors of each company have supported the proposed combination and management of the two companies believe that the Transaction will provide the shareholders of each company an opportunity to participate in the future growth of a larger and more established company with a broader range of prospects, a more diversified asset base, and a management team that has a proven ability to execute. Upon completion of the Transaction, the combined company will have: - Two world-class silver deposits containing 418 million ounces of silver resources; - Potential annual silver production in excess of 10 million ounces by 2011; - Solid platform for profitable growth and increased shareholder value; and - Reduced risk profile. Minco Silver's Chairman and CEO, Dr. Ken Cai, commented: "The combination of these companies will bring together two world-class silver deposits with significant exploration upside. The integrated board and management team is well positioned to build one of the world's leading primary silver producing companies through synergies in China and North America. Further, this consolidation should appeal to a broader investor audience and greater market liquidity." Sterling's Interim President, Ken Berscht, added: "This merger represent the culmination of the strategic review process announced on June 4 and completed with the assistance and advice of our financial advisor TD Securities Inc. It provides the financial resources to fund the immediate requirements of Sterling and ensures that the Sunshine Mine will be a significant contributor going forward. We are excited about the premium offer and the opportunity for Sterling shareholders to participate in the new silver focused entity." Minco Silver Conference Call Minco Silver will host a conference call on Wednesday, July 23, at 9:00 AM Eastern or 6:00 AM Pacific Time. To participate, please dial 1-888-300-0053 for North American callers and 1-647-427-3420 for international callers. The ID# for the conference call is 57248259. To view the new corporate presentation concerning this Transaction, please visit Minco Silver's website: www.mincosilver.ca. About Minco Silver Minco Silver Corporation (TSX: MSV) is a TSX listed company focusing on the acquisition and development of silver dominant projects. Minco Silver owns 100% interest in the World Class Fuwan Silver Deposit, situated along the northeast margin of the highly prospective Fuwan Silver Belt. Minco Silver is the exclusive vehicle for pursuing silver opportunities in China pursuant to a strategic alliance agreement between Minco Gold Corporation (TSX: MMM)(AMEX: MGH)(FRANKFURT: MI5) and Silver Standard Resources (TSX: SSO). About Sterling Mining Company Sterling Mining controls the Sunshine Mine, which began initial production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. Sterling Mining also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol "SMQ", on the OTCBB under the symbol "SRLM", and also on the Frankfurt Stock Exchange under the trading symbol "SMX". ON BEHALF OF THE BOARD Dr. Ken Z. Cai, Chairman & CEO, Minco Silver Corporation ON BEHALF OF THE BOARD Ken Berscht, Interim President, Sterling Mining Company
Podium Venture Group, Inc. (Pink Sheets: PODM - http://finance.yahoo.com/q?s=PODM.pk)
July 23rd, 2008-- Podium Venture Group, Inc. (Pink Sheets: PODM), announced today that its Board of Directors has approved the acquisition of Capital Oil & Gas, Inc. as a wholly owned subsidiary of Podium Venture Group. Capital Oil & Gas operates retail gas stations with convenience stores under the Chevron brand; the company will have revenues in excess of $25,000,000 dollars per year. "The company is extremely excited to complete this acquisition and will continue to add new locations on a regular basis; the company has already contracted additional locations that will add significant additional revenues and growth to our existing revenue stream," said Mr. Ariel Rodriguez, President & COO.
TrackBets International, Inc. (PINKSHEETS: TRKB - http://finance.yahoo.com/q?s=TRKB.pk)
July 22nd, 2008-- TrackBets International, Inc. (PINKSHEETS: TRKB | Quote | Chart | News | PowerRating) is pleased to announce that the Company is further developing its marketing efforts and online presence with a new Web site, www.Track-Bets.com. The Company envisions the new Web site as the main portal of its online wagering activities, incorporating links to its advanced deposit wagering (ADW) online venues that will facilitate wagering on horse races in Brazil and the United States. The TrackBets Web site will eventually include streaming information on races and wagering events and promotions. It is also expected to draw revenue from advertisements and links to additional wagering Web sites, simulcasts and on-site racing venues. Also on the Web site, the Company will include its extensive research on the Brazilian pari-mutuel (Off-Track-Betting) racing industry and the opportunities available in the thriving Brazilian wagering market. "This is the next step in our overall plan to establish TrackBets as the premier source of online and pari-mutuel horse racing wagering. As we continue negotiations for our horse racing simulcast facilities in Brazil, we will utilize our online marketing efforts to create exposure for our company and increase opportunities for acquisitions and partnerships," stated John D. Samuel, CEO and President of TrackBets International, Inc. TrackBets is continuing negotiations to create a joint venture that would enable it to distribute ADW through its Web site, facilitating wagering on horse races in Brazil and the United States. If completed, the joint venture would create revenue opportunities from wagering in the U.S. and Brazil, and possibly other countries in the future. Benefits of ADW include low cost to betters, the ability to build a fan base via Web sites, an inexpensive means to broadcast races in and outside the U.S. and the ability to add other features such as games, merchandise and wagering on other sports. About TrackBets International, Inc.: TrackBets International is the only North American company operating in the legalized gambling market in Brazil. TrackBets has successfully completed significant milestones in its development and is primed to grow at a substantial and sustainable rate with an infusion of new capital. The Company has an existing infrastructure in Brazil and has thoroughly researched the turf industry.
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