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Aug 13, 2008 -- Capital City Energy Group, Inc. (OTCBB: CETG | Quote | Chart | News | PowerRating) announced today that its Chief Executive Officer Timothy W. Crawford has elected to forego his salary and any stock-based compensation for 2008. As a result, he will receive no cash or stock compensation earned during 2008. He remains the Company's largest beneficial owner of shares.
"Since we have become public, the Company has made substantial progress in building both the exploration, production and energy services businesses," said Mr. Crawford. "We have also incurred additional costs as a public entity that we did not have as a private company. As the Company's largest shareholder, I felt it was appropriate to help defray some of these expenses by eliminating my compensation this year, in order to enhance Capital City's earnings. Increased earnings directly affects the value of the shares."
About Capital City Energy Group, Inc.
Based in Columbus, Ohio, Capital City is a diversified oil and natural gas company with three separate divisions. Capital City is evolving from being an innovative leader in the design, management and sponsorship of retail and institutional direct participation energy programs to become one of the few vertically integrated independent oil & natural gas companies. Their strategy is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management.
"Investing in America's Energy Future"
Aug 13, 2008 -- CHDT Corp. (OTCBB: CHDO), a holding company actively managing subsidiaries focused on designing and manufacturing consumer products for the North American retail markets announced today that the first product in division Black Box Innovations' take line, Personal Pocket Safe(TM), has been selected to the O List in the September issue of O, The Oprah Magazine.
Personal Pocket Safe(TM) is a USB compatible smart drive, containing software designed to easily store and sort all of the important documents in a consumer's daily life such as financial statements, credit card information, insurance policies, passwords and many others. The Pocket Safe is completely portable, so it can be used on any PC, with no installation or configuration needed.
"We are excited about providing a new method for efficient and secure organization of vital personal information and records, and have created the Pocket Safe as an answer to this need for all computer users, regardless of skill level," said John Tate, President of Black Box Innovations. "We are hoping the Pocket Safe's inclusion in the O List will let women of all ages know there is an easy, well thought out solution that will allow them to gain control of the mounds of information loaded on today's families."
From a purely technology standpoint, Personal Pocket Safe was designed with multiple layers of security. The first of these is the patent pending PIN pad located on outer-casing of the take device which allows a personalized code (up to 10 digits) and locks out intruders after three missed password entries. Data is then stored using military grade encryption, and placed within an epoxy-coated chip which is physically destroyed before it can be manually removed.
"In a time when household records are rapidly transitioning to a digital format, computer disk crashes are frequent, and identity theft is running rampant, we have made a commitment towards combining all the power of modern technology into an easily-accessible, user-friendly tool," said Tate.
About Black Box Innovations
Black Box Innovations, a division of Capstone Industries, based in Florida, is focused on bringing innovative technology to consumer products. The initial product line under the Black Box Innovations banner is take(TM), which provides organization of personal data, while providing both mobility and security. The PIN protection is based on licensed technology from ClevX, LLC. For more information, visit www.takeanyware.com.
About CHDT Corp.
CHDT Corp. Is a public holding company that engages, through its wholly owned subsidiaries, in the development, manufacturing, logistics, and distribution of consumer products to retailers and wholesalers throughout North America.
Aug 13, 2008 -- Diamant Art Corporation (http://www.diamantfilm.com ) (OTCBB: DIAAF | Quote | Chart | News | PowerRating) is pleased to announce that through its wholly owned subsidiary Bio-Plastics Film Inc. the Company is prepared to process orders and deliver compostable plastic according to current escalating demand.
The Company has acquired the means necessary to deliver on sizable purchase orders as the demand for this new compostable alternative continues to evolve. There is a wide spectrum of varying statistics on the consumption of plastic bags published, but a common estimate is that global consumption of plastic bags is over 500 billion plastic bags annually; that's 500,000,000,000 plastic bags used per year. Utilizing this average, that would equate to almost 1 million plastic bags used per minute, yielding a potential residual market of approximately 100,000 bags per minute if only 1% of the market is acquired.
The proprietary formulation of the resin has been specifically designed for the bag to compost in the same time frame as the product that it is containing. For example, if a banana peel takes 89 days to compost, then so will the bags containing them. If the product(s) take three months to decompose, also will the bag. The speed of the composting contents becomes the triggering component that set the speed of decomposition. Consequently, if the bags are being sent to a compost site and the average composting time is 100 days then that will be the duration of the bag.
This diversification in the marketing strategy of the Company comes in light of the growing paradigm shift in the plastic industry, and the heavy anticipated demand for biodegradable and compostable bags based on the outlawing of traditional plastic bags.
Recently announced was the landmark decision passed by the Los Angeles City Council recently voted to ban plastic shopping bags from stores, beginning July 1, 2010. The council voted unanimously. Diamant Film is dedicated to respond to the growing demands of this swiftly evolving ecologically conscious market.
About Diamant Film Inc.: Diamant Art Corporation (OTCBB: DIAAF), through its wholly owned subsidiary Diamant Film Inc. (www.diamantfilm.com) and Bio-Plastics Film Inc., is the world's first plasticizer-free and the first food wrap film that is environmentally friendly and recyclable. Diamant's Bio-Products contain Totally Degradable Plastic Additive. Unlike other plastic, once biodegrading is complete, all that remains is carbon dioxide, water and biomass, all of which are part of the normal bio-cycle. Diamant(TM) Film has recently received the ECO logo certified by the Environmental Choice(TM) Program. The Environmental Choice(TM) Program is North America's leading benchmark of environmentally responsible products and services and supplier of bio-degradable additive in North America.
Aug 13, 2008 -- Perf Go Green Holdings, Inc. ("Perf Go Green") (OTCBB: PGOG, www.perfgogreen.com), a marketer and distributor of biodegradable plastics, has completed the company's first major commercial conversion with the Grand Hyatt hotel in New York City. Beginning this fall, the Grand Hyatt at 109 East 42nd Street at Grand Central Terminal, http://www.grandnewyork.hyatt.com, will use Perf Go Green custom-sized commercial trash bags in three different sizes for their entire hotel operations, including executive offices, hotel trashcans, steward stations and ice bucket containers.
Grand Hyatt's conversion to Perf Go Green is part of a larger environmental program through the Hyatt Corporation, known as Hyatt Earth, which outlines a timeline for the company's 365 hotels to implement more environmentally sustainable operations.
"This is a major milestone for our commercial conversion sales efforts," said Perf Go Green Chairman and CEO Tony Tracy. "It has the potential for a domino effect not only within the Hyatt Corporation, but for other businesses to follow suit. Our commercial product can be tailored for custom specifications and fits naturally with the overall sustainable initiatives that many companies are now rapidly evaluating and implementing. We're delighted to work with Grand Hyatt on this important initiative."
"As a flagship property within the Hyatt Corporation, we're trying to reduce the environmental impact of our everyday operations, and identify innovative, eco-friendly products and sustainable operations that serve as a model for other Hyatt properties," said Diana Beltran, Environmental Development Manager, Grand Hyatt New York. "By using Perf Go Green products and reducing the amount of plastic waste in the environment, we're making a positive impact. Perf Go Green also gets out the message that we're trying to make a difference, benefiting not only our guests, but also our employees, all at the same time."
Perf Go Green products incorporate recycled plastics that are combined with an Oxo-biodegradable proprietary application method to produce the film for the bags. Based on environmental claims statements made by the manufacturer of the Oxo-biodegradable applied to our bags, when discarded in soil and exposed to the presence of microorganisms, moisture and oxygen, we believe Perf Go Green products biodegrade, decomposing into simple materials found in nature much faster than regular plastics, which can take hundreds of years to break down. Through this process and the use of recycled plastics, the company effectively removes plastic waste from the environment. In addition, Perf Go Green bags utilize a unique patented dispensing system that stores the bags on the bottom of trashcans and dispenses them one at a time.
Perf Go green commercial trash bags complement the company's existing consumer product line, which currently include the 13-gallon tall kitchen trash bag and 30-gallon lawn & leaf bags. Founded in November 2007, Perf Go Green premiered at the March 2008 International Home and Housewares Show in Chicago, where its products received an honor for their design quality and innovation. In addition to offering its products online at www.Amazon.com and www.Drugstore.com, Perf Go Green is rolling out its first items in Walgreens stores in September.
About Perf Go Green
Perf Go Green, Holdings Inc. (OTCBB: PGOG), www.perfgogreen.com, is a New York-based biodegradable plastics company. The corporate name reflects the "Go Green" mission from inception to create a Green company for the development and global marketing of eco-friendly, non-toxic, food contact compliant, biodegradable plastic products as a practical and viable solution to eliminating plastic waste from the world environment.
About Grand Hyatt New York
Conveniently located in midtown Manhattan and connected to Grand Central Terminal, the Grand Hyatt New York is in the center of it all. The hotel has 1,311 guest rooms including 51 suites. The suites range in size from 600 to more than 3,500 square feet. The business center has 24-hour access for guests. The recently renovated Fitness Center is open 24 hours, 7 days a week and offers the latest LifeFitness cardio and strength training equipment. The hotel offers concierge services, valet parking and a theater/tour desk. Boasting over 50 meeting rooms and 55,000 square feet of meeting space, the hotel can accommodate groups from 10 to 1,700 people. There are two restaurants within. Manhattan Sky is perched above 42nd Street and offers a large breakfast buffet and a la carte lunch and The Commodore Lounge serving dinner. The Commodore Grill is an upscale, full-service restaurant serving American Continental Room service is also available 24 hours a day.
Aug 13, 2008 -- VIASPACE Inc. (OTC Bulletin Board: VSPC | Quote | Chart | News | PowerRating) today provided an overview of the company's progress, including its subsidiary, Ionfinity's new $750,000 contract with the U.S. Army, in an exclusive interview on WallSt.net's 3-Minute Press Show.
Interested parties may access the interview through the following link:
http://www.tv.wallst.net/r/3-minute-press/Carl-Kukkonen-VSPC/201/860
About VIASPACE: Originally founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory.
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