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NavStar Technologies, Inc. Begins Procedures to Uplist on Pinksheets, From Limited to Current Information
ANAHEIM, CA, Aug 11, 2009-- NavStar Technologies, Inc. (PINKSHEETS: NVSR), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo, today announced that it is undertaking all measures necessary in order to become listed as a Current Information Company on Pinksheets.com listings.
"We are pleased to announce that we will be submitting all necessary filings in order to be listed as a Current Information Company with Pinksheets.com. This is one of many steps we are planning in order to become a fully listed OTCBB company. Such a move can only prove beneficial to our shareholders in permitting us to be completely transparent and as such gain the confidence of our investors," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "This decision is consistent with our long term plans for expansion, growth and development. Our company has come a long way and we feel that the best is yet to come." FORWARD-LOOKING STATEMENT This press release contains forward-looking statements within the meaning of US federal securities laws, that involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in this press release.
About NavStar Technologies, Inc.
NavStar (www.navstarinc.com) is focused on the creation of products and services that provide tracking and monitoring of vehicles and high value cargo, equipment, and other valuable and personal assets.
SpongeTech(R) Delivery Systems, Inc. Partners with Cleveland Browns for the 2009 NFL Season
SpongeTech(R) and the Browns' Dawg Pound Promotes Pet Sponge
NEW YORK, Aug 11, 2009-- SpongeTech(R) Delivery Systems, Inc. ("SpongeTech") "The Smarter Sponge(TM)", (OTCBB: SPNG | Quote | Chart | News | PowerRating) is pleased to announce today that the Company has partnered with another high profile team in the National Football League, the Cleveland Browns. SpongeTech has become a proud partner of the Browns and will receive the opportunity to promote their Uncle Norman(TM)'s Pet Sponge in conjunction with the team's Dawg Pound, the bleacher section in Cleveland Browns Stadium that is known for having the most enthusiastic fans in the NFL. SpongeTech will receive prominent in-stadium signage, on-site product kiosks and run various local promotions to market SpongeTech's products at the retail level.
This is the sixth deal for SpongeTech in the NFL. "We are excited to partner with the Cleveland Browns," stated Steven Moskowitz, COO of SpongeTech. "This partnership will allow us to leverage the synergy between the Dawg Pound and our Uncle Norman's Pet Sponge Product and we are looking forward to taking advantage of the Browns' proactive efforts in promoting our product line." SpongeTech sponsors the Cincinnati Bengals, New York Giants, Tampa Bay Buccaneers, Houston Texans and New York Jets and continues to grow its sports sponsorship portfolio in 2009, previously leveraging Major League Baseball teams and the World Football Challenge.
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech's proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(R) Delivery Systems, Inc. intends to globally brand its products as The Smarter Sponge(TM) .
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended May 31, 2008, the Company's Quarterly Report on Form 10-QSB for the Third quarter ended February 28, 2009. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
ECOtality and eTec Congratulate Project Partners on Successful $100 Million Proposal for Transportation Electrification
Diverse List of Project Partners Released
SCOTTSDALE, Ariz., Aug 10, 2009-- ECOtality, Inc. (OTCBB:ETLY), a leader in clean electric transportation and storage technologies, and its subsidiary Electric Transportation Engineering Corp. (eTec), today thanked and congratulated the project partners who supported eTec's proposal to the U.S. Department of Energy that resulted in a $99.8 million grant for the largest deployment of electric vehicles (EVs) and charge infrastructure in U.S. history.
"Our project partners were not only instrumental in helping ECOtality's eTec secure the $99.8 million grant from the U.S. Department of Energy, they will be instrumental in implementing the largest ever transportation electrification program," said Jonathan Read, President and CEO of ECOtality. "As strategic partners on this Proposal, Idaho National Laboratory, Nissan North America, GridPoint, Oak Ridge National Laboratory and BP America will play strong roles in helping eTec create dense charge environments, ensure a seamless transition for utilities and collect and analyze critical data that will ensure the immediate success of the electric vehicle." On Wednesday, August 5th, the U.S. Department of Energy announced it had selected eTec to receive a grant of $99.8 million to undertake the largest deployment of electric vehicles (EVs) and charging infrastructure in U.S. history. eTec, the lead applicant and project manager, has partnered with Nissan North America to deploy EVs and the charging infrastructure to support them. The Project utilizes the availability of the Nissan LEAF, a zero-emission electric vehicle, to develop, implement and study techniques for optimizing the effectiveness of charging infrastructure that will support widespread EV deployment. The Project will install electric vehicle charging infrastructure and deploy up to 1,000 Nissan battery electric vehicles in strategic markets in five states: Arizona, California, Oregon, Tennessee, and Washington.
"I'd like to thank all of our partners for their contributions to the eTec proposal," said Don Karner, President of eTec. "We look forward to working with everyone on this project to accelerate work on electric vehicle systems and infrastructure, reduce petroleum consumption and support the President's goals for job creation and electric drive vehicle deployment." The following organizations supported eTec's initial proposal to the U.S. Department of Energy for transportation electrification:
American Lung Association of California ATX / Cross Country Automotive Bovis Lend Lease BP America CB Richard Ellis / Emerald Plug Center for Sustainable Energy (CA) Coulomb Technologies City of Chattanooga City of Knoxville City of Phoenix City of Seattle Eaton Corporation GridPoint Hamilton County (TN) Idaho National Laboratory Knoxville Utilities Board King County (WA) Maricopa Association of Governments (AZ) Nissan North America Oak Ridge National Laboratory Ohio State University Pima Association of Governments (AZ) Portland General Electric Salt River Project San Diego Association of Governments (CA) San Diego Clean Fuels Coalition San Diego Gas & Electric San Diego Miramar College Seattle City Light Snohomish County PUD State of Oregon State of Tennessee State of Washington Tennessee Valley Authority Tucson Electric Power University of California-Davis Yazaki North America Zipcar 350 Green
About eTec Electric Transportation Engineering Corporation (eTec), a subsidiary of ECOtality (OTCBB:ETLY), is a recognized leader in the research, development and testing of advanced transportation and energy systems. With over two decades of electric transportation experience, eTec has been involved in every electric vehicle initiative in North America since the 1990's. Utilizing its patented industry-leading charging algorithm, eTec operates the Minit-Charger line of battery fast-charge systems for on-road electric vehicle, transit, material handling and airport ground support applications. For more information, please visit www.etecevs.com or www.minit-charger.com.
About ECOtality, Inc.
ECOtality, Inc. (OTCBB:ETLY), headquartered in Scottsdale, Arizona, is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels. For more information about ECOtality, Inc., please visit www.ecotality.com.
Forward-Looking Statements This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
NanoViricides, Inc. Anti-Herpes Drug Candidate Reduces Viral Load by 99.99%
WEST HAVEN, Conn., Aug 10, 2009-- NanoViricides, Inc. (OTC BB: NNVC.OB) (the "Company"), announced today that the herpes simplex viral load was reduced by 99.99% or 10,000 fold in in-vitro studies by nanoviricides(TM) drug candidates. The studies were performed by Thevac in Baton Rouge, LA, in collaboration with the Division of Biotechnology and Molecular Medicine at the LSU School of Veterinary Medicine under the supervision of Dr. Gus Kousoulas.
Four different nanoviricides showed greater than 10,000-fold (>99.99%) reduction in virus quantity compared to untreated controls in a cell culture assay employing the LSU proprietary green-fluorescent-protein-tagged (GFP) modified HSV-1 McKrae strain.
These nanoviricide drug candidates are designed to act against all herpes simplex virus strains, including HSV-1 and HSV-2. The Company has commissioned additional in vitro studies to confirm the results. Animal studies have also been scheduled.
"We are very excited with this success against HSV-1," said Eugene Seymour, MD, MPH, CEO of the Company, adding "and expect this to lead to a topical skin cream against herpes cold sores and genital herpes. This opens up another significant commercial opportunity for the Company." Herpes simplex virus (HSV) causes "cold sores", the incidence of which is second only to the common cold (100 million recurrences annually in the US alone). In addition, genital herpes prevalence is 67 million infected individuals in the US alone. HSV also causes keratitis, a disease of the eye (250,000 US cases/year).
Existing therapies include acyclovir and drugs chemically related to it. These drugs, nucleoside analogs, act by inhibiting viral DNA synthesis. However, there is known drug toxicity due to interference with human metabolism. Currently, there is no cure for herpes infection.
Nanoviricides act by a novel and distinctly different mechanism compared to existing drugs. Nanoviricides are designed to mimic the human cell surface to which the virus binds. Our results suggest that a nanoviricide could become a highly sought after drug against HSV.
The market size for herpes simplex virus treatments is in excess of $2 billion annually.
About NanoViricides: NanoViricides, Inc. (www.nanoviricides.com) is a development stage company that is creating special purpose nanomaterials for viral therapy. The Company's novel nanoviricide(TM) class of drug candidates are designed to specifically attack enveloped virus particles and to dismantle them. The Company is developing drugs against a number of viral diseases including H1N1 swine flu, H5N1 bird flu, seasonal Influenza, HIV, oral and genital herpes, viral diseases of the eye including EKC, Hepatitis C, Rabies, Dengue fever, and Ebola virus, among others.This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by NanoViricides, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities. Although it is not possible to predict or identify all such factors, they may include the following: demonstration and proof of principle in pre-clinical trials that a nanoviricide is safe and effective; successful development of our product candidates; our ability to seek and obtain regulatory approvals, including with respect to the indications we are seeking; the successful commercialization of our product candidates; and market acceptance of our products.
SOURCE: NanoViricides, Inc.
Co. Enters Into Letter Of Intent With Enercor, Inc. For Purchase Of 62.5% Working Interest Covering 640 Acres Within The P.R. Spring Deposit In Uintah County, Utah
HOUSTON, Aug 10, 2009-- Cobra Oil & Gas Co. (OTCBB:CGCA) (Hereafter "Cobra"), an independent oil and gas exploration company and focused on the strategic exploration and development of domestic energy projects, has entered into a Letter Of Intent (LOI) with Enercor, Inc. (Enercor) to purchase 62.5% representing a title and working interest covering a total of 640 gross acres. This acreage is adjacent to the Utah Oil Sands prospect in the P.R. Spring Deposit in Uintah County, Utah.
According to terms of the LOI Cobra's purchase price will be 300,000 shares of Common Stock, fully paid and non-assessable. Cobra intends to include this lease in its development activities of other adjacent leases. Other title holders of this lease include Questar Corporation.
Max Pozzoni, President of Cobra Oil & Gas, stated, "We are pleased to continue expanding our holdings within the Utah Oil Sands prospect".
Both parties may cancel the agreement prior to the closing date with written notice. The close of the proposed transaction shall take place on or before September 9th, 2009.
About Cobra Oil & Gas Co.
Cobra Oil & Gas Co. is a publicly traded independent oil and gas exploration and production company headquartered in Houston, Texas (NASDAQ OTC BB: CGCA - News). Shareholders and prospective investors are encouraged to visit Cobra Oil & Gas's website: http://www.cobraoilgas.com and to subscribe to the email newsletter. Please feel free to call our investor relations toll-free at 1-866-503-8613 if you have any questions.
Forward-Looking Statements Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management.
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