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August 26, 2008 - Diamant Art Corporation (OTC BB:DIAAF.OB) is pleased to announce that through its wholly owned subsidiary, Bio-Plastics Film Inc., the joint roll out of a new "Green Initiative" with 801 Packaging, a leading Canadian Manufacturer of Bottled Water. This initiative will focus on converting their bottled water product manufacturing process to include Bio-Plastics Film's revolutionary additive for the conversion to full biodegradability.
801 Packaging is the first North American Bottling Company to utilize the revolutionary Bio-PET Additive, that will make 801 Packaging's Water Bottles not only Recyclable, but fully biodegradable when disposed.
This new initiative which will incorporate the utilization of additives from Bio-Plastics Film Inc., is anticipated to propel 801 Packaging Inc. into becoming a world leader in the industry by implementing "Green Technology" in their Manufacturing process.
About 801 Packaging: 801 Packaging is committed to reducing their packaging footprint and having implemented a strategy of new Biodegradable shrink film for the case packs; degradable corrugated Pads/Trays and Biodegradable Pallet Wrap. This leading edge technology will move 801 Packaging into the forefront of conservation and provide their customers with product that is environmentally friendly and responsible. For more information on 801 Packaging go to http://www.801packaging.com/.
August 27, 2008 - Other Events, Financial Statements and Exhibits for URANIUM 308 CORP (URCO)
ITEM 8.01. OTHER EVENTS It has recently been discovered by Mongolia Energy Limited ("MEL"), a wholly-owned subsidiary of Uranium 308 Corp. (the "Company"), that Lin Dong Hong, now a former director of the Company, fraudulently transferred a 20.53% ownership of Tooroibandi Limited ("Tooroibandi"), which is a wholly-owned subsidiary of MEL, to Xinjiang Ridong Mining Investment Co. Ltd., a Chinese company that is owned by Lin Dong Hong, under Mongolia's Foreign Investment and Foreign Trade Authority Resolution A-2783. Therefore, MEL has terminated the employment of Lin Dong Hong as the Executive Director of Tooroibandi and authorized Mongolian attorney D. Enkhtur of the law firm of Lehman, Lee & Xu to turn over evidence of Lin Dong Hong's fraud to the Ulaanbaatar Prosecutor's Office.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS Exhibits
Exhibit No. Description Exhibit 99.1 August 7, 2008 letter to State Registration Office of Mongolia August 7, 2008 letter to Foreign Exhibit 99.2 Investment and Foreign Trade Authority of Mongolia Claim filed with the Capital City Administrative Court, dated August 7, 2008, by Mongolia Exhibit 99.3 Energy Limited against the Foreign Trade Authority of Mongolia and the State Registration Office of Mongolia.
Exhibit 99.4 Affidavit of Anthony Tam
August 27, 2008 - ICO, Inc. (Nasdaq: ICOC), global producer of custom polymer powders and plastic film concentrates, today announced that Phillip D. Ashkettle has tendered his resignation as a Director. Mr. Ashkettle stated, "I am extremely disappointed in not being able to continue in my position on ICO's Board of Directors, as I think very highly of the management and people at ICO, and I believe the Company has a bright future. Unfortunately, I believe my ability to serve as an ICO board
August 27, 2008 - GelTech Solutions, Inc. (OTC BB:GLTC.OB) announces today it made a deep impression at the 26th Annual Border Governors Conference at the Universal City Hilton in Hollywood, California. GelTech's six-member marketing team promoted its principle products to hundreds of potential buyers, public decision makers, news people, and fellow entrepreneurs from the U.S. and overseas.
Hosted by Golden State Chief Executive Arnold Schwarzenegger, the Conference gathered representatives from the 10 Border States, namely California, Arizona, New Mexico, and Texas, and their counterparts south of the U.S.-Mexican frontier, including those from Baja California, Chihuahua, Sonora, and Tamaulipas. GelTech's delegation met with officials from these territories, as well as state-level cabinet members, top advisors, mayors, and other public decision-makers from both sides of the border.
GelTech's booth at the Conference's Green Technology Exposition spotlighted RootGel , a granular and sprayable powdered polymer that enhances root development in grass and plants, allowing them to thrive with less water. RootGel stores water near plant and grass roots and releases it as vegetation demands it. RootGel's water-conservation potential was welcome news in Los Angeles. On the morning the conference opened, Mayor Antonio Villaraigosa signed new lawn-irrigation restrictions, due to a growing state-wide drought emergency. With its ability to keep lawns, golf courses, athletic fields, and farm acreage green, while reducing water use by 30-40 percent, RootGel made a perfectly timed entrance in Southern California.
Market Wrap for August 27, 2008 - Stocks rose Wednesday in a thinly traded and choppy session.
In economic news, the July durable goods orders report is a positive sign for the economy and contradicts the impression of a weak manufacturing sector.
Enthusiasm over the durable orders report was held in check by a gain in crude prices, which rose 1.8% to $118.31 per barrel.
Crude oil traders analyzed the government's weekly energy report, which showed a small, but unexpected, decline in crude inventories.
Nine of the ten sectors posted a gain. Some of the more beaten down areas saw notable buying interest, with the thrifts and mortgages group climbing 5.4% and homebuilding stocks advancing 6.3%.
Financials rose 1.7%, with Fannie Mae (FNM 6.48, +0.86) and Freddie Mac (FRE 4.73, +0.76) once again rallying.
The energy sector was a standout. In addition, "crack spreads" widened as the price of gas (+2.4%) rose faster than the price of oil, giving a boost to refiners (+5.0%).
Health care stocks underperformed, falling 0.1%. Amylin Pharmaceuticals (AMLN 20.48, -6.76) tumbled 25%, after it and partner Eli Lilly (LLY 46.87, -0.15) announced that there have been four additional deaths of patients taking the diabetes drug Byetta.
Separately, Bristol-Myers Squibb (BMY 21.53, -0.45) and Pfizer (PFE 19.08, -0.20) fell after results from a phase three study of Apixaban, an anti-clotting drug, did not meet expectations.DJ30 +89.64 NASDAQ +20.49 NQ100 +0.7% R2K +1.3% SP400 +1.3% SP500 +10.15 NASDAQ Adv/Vol/Dec 1816/1.56 bln/966 NYSE Adv/Vol/Dec 2383/821 mln/730
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DISCLAIMER: URCO This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The information contained in an InvestSource profile is provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. InvestSource has agreed to be compensated $4,860 by URCO for services rendered. To view full disclaimers, please go to http://investsourceinc.com/content/disclaimer.
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