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Jul 29, 2008 -- Last year, high school students around the nation had a fresh way to commemorate their student years, with the launch of a new line of "class of" jewelry and apparel. The new hip-hop style of hoodies, shirts, watches and jewelry were put together by the CEO of Banneker, Inc. (PINKSHEETS: BANI), Derrick Holmes.
Holmes is a renowned watch and jewelry designer who designed a high end line of wood faced watches, named after America's first African American clockmaker, Benjamin Banneker. Holmes has joined forces with the top business magnates of hip-hop culture for an unprecedented business venture. Through Jostens, Inc., the leading marketer of products celebrating the significant milestones of graduating seniors all over the country, the trend-setting team created a luxurious yet affordable product line that shouts self-esteem and pride in success.
"I created Esteem Enterprises (a wholly owned subsidiary of Banneker, Inc., BANI | Quote | Chart | News | PowerRating) to do the marketing for the school market and develop relevant products that resonate with today's youth," Holmes said. "My designs are about presenting a successful image. I like to honor the people I admire, whether it's in a watch's name or the image on its face. Through Banneker, Inc., Phat Farm, Baby Phat and Dereon, each took that concept and applied it to high school memorabilia, giving students products influenced by the people and styles they look up to."
The new line is inspired by hip-hop fashion, with a lot of flash and sparkle. While the materials are high quality, the prices are kept affordable through replacing diamonds with crystals and silver with stainless steel. For the Banneker Jewelry Collection, Holmes designed Class of '08, '09 and '10, rings, watches, pendants, stud and hoop earrings made with genuine wood with burl grain, crystal bezels and glass lenses.
"Some of it is 'bling-bling.' A lot of the influences are from what you see on a lot of music videos, which is what teens are buying. It's what they see and admire. It matches them," Holmes said, adding, "This style was clearly not in any catalog before us. We brought it mainstream. Though it is labeled urban style, the product line is not so much geared toward a geographic location, but it is more for people with a similar mindset. "It's not just in the 'hood or tenements. It's in the all-white countryside. It's even in 90210. It's everywhere. This year we intend to take the line worldwide."
Perhaps the most successful products in the urban style line are from Dereon, a subsidiary designing exclusively for the high school market under the House of Dereon with Beyonce. Last year, Dereon offered a Class of '08 hoodie with the parent company's fleur-de-lis logo, worn by Beyonce in her No. 1 hit video "Irreplaceable," and a class ring in a fleur-de-lis pattern with 27 cubic zirconia, a square-cut custom birthstone, and custom engraving of initials, graduation year, and school name. The rings shattered sales records in their first month and a half on the market, Holmes said.
"What we tried to bring to the community is another option, more in synch with their style -- a keepsake, a piece of art that is a memorandum of where I am, where I've been and where I'm going. It is absolutely mainstream. The company has a strong belief in completing education and high school graduation. Russell Simmons' message to his young customers was similar: 'What your education gives you is a chance to live up to any dream.'"
Holmes went on to say, "Last year we launched our Graduating 'Class of' jewelry to some of America's High Schools, and this year we intend to sell our products worldwide. Graduating seniors all over the world are into Hip Hop. Our market is not limited to certain areas. Our jewelry line is not school specific. Our market is that open and that tremendous."
"With the release of several newly designed Banneker Watches, and new celebrity endorsements for our products, '09 should be a stellar year for us," says Holmes. To view the Banneker watches, visit the site at www.bannekerwatches.com
About us:
Banneker, Inc. is a manufacturer and distributor of quality watches and fine jewelry based on the legend of Benjamin Banneker. Esteem Enterprises, a wholly owned subsidiary of Banneker, Inc, teamed with Jostens, Inc. and created the first ever urban line of graduation jewelry and class rings.
Jul 31, 2008 -- EAGLE ROCK ENTERPRISES, INC. (PINKSHEETS: EREI) announced today that the Company has completed the PINKSHEETS.COM application paperwork required to facilitate a visible quote.
Jul 31, 2008 -- Mammoth Energy Group, Inc. (PINKSHEETS: MMTE | Quote | Chart | News | PowerRating) is pleased to announce today that drilling on its first Oklahoma well has been successful. The well encountered a good show of oil and gas at 440 feet and a second zone at 510 feet. The well was logged and appears to have a 25-foot thick formation with the potential presence of hydrocarbons from approximately 430 feet to 445 feet. The log also suggests that the second zone has hydrocarbons from approximately 515 feet to 520 feet. The company has immediately elected to move on to completion of the well and will begin the process of putting the well into commercial production.
The Drilling rig is currently being moved to the company's second well location on this lease and is anticipating a 'spud' date of Friday August 1, 2008. "We seem to be off to a very good start on our Oklahoma venture and are looking forward to continuing our operations there," stated Joe Overcash, President of Mammoth. "Once we know the commercial production from the wells, we can begin to forecast on ongoing results."
About Mammoth Energy Group, Inc.
Mammoth Energy Group, Inc. is focused on developing shallow gas projects in north-eastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. It is currently focused on developing its Noble and Kay County properties in Oklahoma that covers approximately 1,400 acres.
July 31, 2008 -- Vanda Pharmaceuticals Inc. (Nasdaq: VNDA), a biopharmaceutical company focused on the development and commercialization of clinical-stage product candidates for central nervous system disorders, today announced it will release results for the second quarter ended June 30, 2008, on Tuesday, August 5, 2008, before the market opens. A full text copy of the release will be disseminated at that time.
Mihael H. Polymeropoulos, M.D., President and Chief Executive Officer, will host a conference call to discuss the results and other corporate developments at 10:30 AM ET on Tuesday, August 5, 2008. Also participating on the call will be Steven A. Shallcross, Senior Vice President and CFO. To participate in the conference call, dial the appropriate number below shortly before the 10:30 AM start time and ask for the Vanda Pharmaceuticals conference call hosted by Dr. Polymeropoulos.
The teleconference dial-in numbers are as follows: Domestic callers 1-800-259-0251 International callers 1-617-614-3671
The conference call will be broadcast simultaneously and archived on the company's Web site, www.vandapharma.com . Investors should go to the Web site at least 15 minutes early to register, download, and install any necessary audio software.
A replay of the call will be available on Tuesday, August 5, 2008, beginning at 12:30 PM ET and will be accessible until Thursday, September 4, 2008, at 5:00 PM ET. The replay call-in number is 1-888-286-8010 for domestic callers and 1-617-801-6888 for international callers. The access number is 98529573.
About Vanda Pharmaceuticals Inc.:
Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on the development and commercialization of clinical-stage product candidates for central nervous system disorders.
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