www.standoutstocks.com: Stocks That Stand Out For Nov 24th, 2009 Are ERHE, NYMH, IDOI, NVSR, KNDR, MRNJ
NYMH | Quote | Chart | News | PowerRating -- www.Standoutstocks.com: Stocks That Standout For Nov. 24th, 2009 are ERHC Energy Inc. (OTCBB: ERHE | Quote | Chart | News | PowerRating), NYMET Holdings, Inc. (PINKSHEETS: NYMH), IDO Security, Inc. (OTCBB: IDOI | Quote | Chart | News | PowerRating), NavStar Technologies, Inc. (PINKSHEETS: NVSR | Quote | Chart | News | PowerRating), Kender Energy Inc. (PINKSHEETS: KNDR | Quote | Chart | News | PowerRating), Metatron, Inc. (PINKSHEETS: MRNJ | Quote | Chart | News | PowerRating)
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ERHC Energy Inc. Pursues Investments in Nigeria Oil and Gas Industry
Signs Memorandums of Understanding Related to Interests in Eremor Marginal Field and Stake in Oil Well Testing Company
HOUSTON, TX, Nov 24, 2009 -- ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced that negotiations are underway on potential investments that would expand the Company's presence in Nigeria's oil and gas industry.
ERHC has signed a non-binding Memorandum of Understanding (MOU) with Circle Ltd. and Excel Exploration and Production Ltd. to negotiate investment in and acquisition of working interests in the Eremor Marginal Field (OML 46). The Eremor Field, which is located in shallow water off-shore Nigeria, was discovered in 1978. The discovery well, Eremor-1, encountered three oil and gas zones, the most prominent of which is the D-03 reservoir with 43 feet of net oil sand. It was re-entered for testing in 2005 with the D-03 reservoir testing 2,200 barrels per day of oil with API gravity of 220, a low gas to oil ratio and no water. Excel was awarded a 100 percent interest and operatorship of Eremor in 2003.
ERHC, through its locally incorporated subsidiary, ERHC Energy Nigeria Ltd., has also entered into a non-binding MOU with WellTest Integrated Services Ltd. to negotiate the acquisition of a controlling equity interest in WellTest. The company provides well testing, production engineering and procurement services to Nigeria's oil and gas industry.
To coordinate the Company's business development in the Nigerian and West African oil and gas industry, ERHC has opened its Nigeria liaison office at Oguda Close, Maitama, Abuja. The Company's wholly owned subsidiary ERHC Energy Nigeria Ltd. operates the liaison office.
"With considerable progress being made in the ongoing exploration campaign of our oil and gas interests in the Nigeria Sao Tome and Principe Joint Development Zone (JDZ), this is the right time to accelerate business development activities elsewhere," said Peter Ntephe, chief operating officer of ERHC. "These opportunities will begin the process of diversifying our portfolio of assets and accelerate the timeline for producing revenues. We are also investigating other exploration and production opportunities and will report progress to stockholders at the earliest appropriate time." The MOUs are non-binding and the completion of the transaction is subject to, among other things, negotiation of a definitive agreement, satisfactory due diligence and adequate financing. The parties expect to enter into a definitive agreement and complete the transactions, subject to satisfaction of closing conditions and the receipt of all necessary regulatory and other approvals, including board approvals.
ERHC Energy has interests in six of the nine Blocks in the offshore JDZ and realizing the value of these interests remains the Company's primary focus. A comprehensive drilling campaign is currently underway in JDZ Blocks 2, 3 and 4. The Company has additional interests in the Exclusive Economic Zone (EEZ) of Democratic Republic of Sao Tome & Principe.
About ERHC Energy ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in the highly prospective Gulf of Guinea and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its shareholders, investors and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.
Cautionary Statement This press release contains statements concerning ERHC Energy Inc.'s future operating milestones, future drilling operations, the planned exploration and appraisal program, future prospects, future investment opportunities and financing plans, future shareholders' meetings, response to the Senate Subcommittee investigation, developments in the SEC investigation of the Company and related proceedings, as well as other matters that are not historical facts or information. Such statements are inherently subject to a variety of risks, assumptions and uncertainties that could cause actual results to differ materially from those anticipated, projected, expressed or implied. A discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports and other filings with the Securities and Exchange Commission. These factors include, among others, those relating to the Company's ability to exploit its commercial interests in the JDZ and the exclusive territorial waters of Sao Tome and Principe, general economic and business conditions, changes in foreign and domestic oil and gas exploration and production activity, competition, changes in foreign, political, social and economic conditions, regulatory initiatives and compliance with governmental regulations and various other matters, many of which are beyond the Company's control. Given these concerns, investors and analysts should not place undue reliance on these statements. Each of the above statements speaks only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any of the above statements is based.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms on this Web site, such as "recoverable reserves potential," that the SEC's guidelines generally prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K. You may review our filing with the SEC at the following Web site: www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000799235.
NYMET Holdings, Inc. (NYMH) Announces Agreement With All Agro American, SA
NEW YORK, NY, Nov 23, 2009 -- NYMET Holdings, Inc. (PINKSHEETS: NYMH), an innovative metals and mining company headquartered in Port Jefferson, N.Y., is pleased to announce the execution of a Joint Venture Agreement between NYMET Holdings, Inc. and All Agro American, SA, a South American based commodity company.
Mr. Edward R. Gulmi, Senior Vice President of NYMET, stated, "Consummation of the agreement between NYMET and All Agro American, SA provides NYMET with an instant presence in South America, as well as opens the door to vast amounts of material available in that region for export. This exclusive agreement includes NYMET developing a sales program for the export of various commodities such as lead, zinc, and manganese." South America is rich with several different types of commodities, but has yet to develop successful sales and export programs for the materials. NYMET has already begun to use its extensive resources and client base to market the various materials to our clients in Asia. NYMET expects sales to commence during the first quarter of 2010. Further, the Agreement was executed in the United States and has been recognized and approved by both the Chilean and Bolivian Consulates.
About All Agro American SA: All Agro American, SA is a Corporation based in Chile that was established in 1996 as All Agro American, LLC in Chile and Godde Int'l, Inc. in the United States. All Agro American's client base in South America has been successfully developed over the past several years and operations have been mainly focused in merchandise, produce, and commodities within the South American marketplace. The combination of All Agro American's network and NYMET's resources should prove to be a good match, with both Companies focusing on increasing revenue streams and profit margins.
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS The results described herein cannot be guaranteed. This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect NYMET Holdings, Inc.'s future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of NYMET Holdings, Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. NYMET Holdings, Inc. undertakes no duty to update any forward-looking statement(s) and/or to conform the statement(s) to actual results or changes in NYMET Holdings, Inc.'s expectations.
IDO Security, Inc. Hires Former Kodak Sales Executive to Initiate Distributor Activity in Latin America
TEL AVIV, ISRAEL, Nov 23, 2009 -- IDO Security, Inc. (OTCBB: IDOI | Quote | Chart | News | PowerRating) (www.idosecurityinc.com), developer of the innovative MagShoe(TM) "shoes-on" weapons metal detection system, announced today that the company has retained Eduardo Bursztyn, former Regional Sales manager for Kodak-leaf in Latin America, to assist in creating its distribution system throughout the Latin American marketplace.
"We believe it is time to broaden our focus from Asia and Europe and begin to concentrate on this huge and untapped marketplace," said Dani Werber, International Sales and marketing manager for IDO Security.
Mr. Werber further stated, "According to the recently published report from the Security Industry Association (SIA), the security market is a $430 million annual market in Mexico alone and we can no longer ignore this market in its entirety." Mr. Bursztyn, a native Argentinian with over 25 years experience in this marketplace, stated, "The Latin America marketplace with its growing awareness of security issues as well as its growing population, makes it an ideal market for such an invaluable security tool as the MagShoe(TM). I look forward to bringing such a needed device to this market." Click here to visit social media version of this release.
Click here to visit the IDO Security social media newsroom.
About IDO Security: Headquartered in New York with a subsidiary in Israel, IDO Security designs, develops and markets the patented, UL-certified MagShoe(TM) weapons metal detection system. MagShoe(TM) fills a critical void in today's metal detectors by extending screening to the lower body and feet. MagShoe's unique "shoes-on" design maximizes security, thoroughness and accuracy while eliminating the need to remove shoes for increased convenience and safety. Ideal for security and loss prevention at virtually any facility, MagShoe(TM) is currently in use at international airports, cruise lines, government agencies, prisons and more. www.idosecurityinc.com Forward-Looking Statements: This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry, and that reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based upon our current expectations about future events. These forward looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed as a result of a number of factors, including but no limited to, the sufficiency of existing capital resources, uncertainties related to the development of IDO's business plan, the ability to secure additional sources of financing, general economic conditions, the availability of competing products and the ultimate market acceptance of our products, changes in technology, legislative or regulatory changes that affect us and the risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1A of IDO's Annual Report on Form 10-K for the year ended December 31, 2008, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
NavStar Confirms Rumors About Discussions With Effective Control Transport
ANAHEIM, CA, Nov 23, 2009 -- NavStar Technologies, Inc. (PINKSHEETS: NVSR), a firm focused on developing and commercializing multi-national asset tracking and monitoring devices for vehicles and high value cargo, today, in response to many shareholder inquiries, stated that they have had some very preliminary conversations with the new board members at Effective Control Transport. Shareholders will be advised if and when the discussions progress to a more serious state.
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.
Kender Energy Signs Hawaiian Distributor for Its Solar Technology
GENEVA, Nov 23, 2009 -- Kender Energy Inc. (PINKSHEETS: KNDR | Quote | Chart | News | PowerRating) today announced that it has signed a Distribution Agreement with Kahalehoe Solar Inc. in Waianae, Hawaii. In Hawaii, 1 in 3 homes have solar water heating systems and the state offers one of the most generous incentive packages to convert to Solar Energy with incentives of over $20,000 per conversion in State Tax incentives and direct rebates to the home owner.
"With an abundance of sunlight and no other natural energy resources, the introduction of the Kender Energy technology into the Hawaiian market is a natural fit. We are very excited to have Kahalehoe Solar Inc. as our distributor into this important market," expressed Sean Kelly, President and CEO of Kender Energy Inc.
About Kender Energy Inc.: Kender Energy Inc. is a development phase company active in the field of solar energy. Its present prototypes of solar panels are being developed into a full-scale solar energy production system. The particularity of the Kender solar panel system and technology is to allow, via a closed circuit of gas (usually helium), to create a heat exchange with the sunlight and the air from the environment. The exchange generates the spinning of the helium gas in the closed circuit, propelling a turbine, which produces electricity in a 100% clean and renewable process. The system's main advantages are that it is efficient, cheap in production, and modular. The company is based near Geneva, Switzerland. Its Website is www.kendersolar.com.
Safe Harbor Statement: All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Metatron Acquires PB Magic Inc.
Creative and Technical Backbone of Future Growth Acquired in All Stock Transaction
SAN DIEGO, CA, Nov 23, 2009 -- Metatron, Inc. (PINKSHEETS: MRNJ | Quote | Chart | News | PowerRating) is pleased to announce that it has completed the acquisition of PB Magic, Inc. for five million shares of its restricted common stock valued at $0.15 per share.
Founded in 2000, PB Magic provides web hosting, design, development, custom programming, database integration, and PPC/SEC advertising campaign management to Fortune 500, public sector and small business clientele. The firm has been engaged by hundreds of high profile clients throughout its history including Boeing, Scudder Investments, ADM, and Yum! Brands (Kentucky Fried Chicken), and has averaged approximately $1.5 million in profitable revenue per year since inception.
Metatron CEO Joe Riehl said, "PB Magic delivers a unique combination of application management and implementation, hosting and content delivery services to provide full cycle support for today's industry leaders. Apart from their own operations, we see PB Magic as the technological backbone and creative engine for everything we do. This is a key acquisition that helps us set the table for the future." About PB Magic Inc.
PB Magic provides outsourced enterprise applications and related technology services to drive efficiency and effectiveness in information technology operations for all sized companies. Our experience and proven expertise in vertical markets like publishing, media, entertainment, financial services, software and public sector creates success for our clientele.
About Metatron Inc.
Metatron Inc. is a diversified internet holding company with a mission to harness the power of today's online and wireless consumer interactivity to make daily life easier, more productive and more entertaining for people all over the world. For more information on the Company, please visit www.metatroninc.com.
Forward-Looking Statements Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results of the specific items described in this release, and the company's operations generally, to differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements, and we disclaim any obligation to update information contained in any forward-looking statement.
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