www.standoutstocks.com: Stocks That Stand Out For Nov. 30th, 2009 Are LFBG, LIEG, EVLN, PGCX
PGCX | Quote | Chart | News | PowerRating -- www.Standoutstocks.com: Stocks That Standout For Nov. 30th, 2009 are Left Behind Games Inc. (OTCBB: LFBG | Quote | Chart | News | PowerRating), Li3 Energy, Inc. (OTC Bulletin Board: LIEG), Evolution Resources, Inc. (OTCBB: EVLN | Quote | Chart | News | PowerRating), PanGenex Corporation (Pink Sheets: PGCX)
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Left Behind Games & Chick-fil-A Co-Sponsor Video Game Night Events
MURRIETA, Calif., Nov 30, 2009 -- Left Behind Games Inc. (OTCBB: LFBG), dba Inspired Media Entertainment, a leading publisher of Christian video games, announced that it has held Video-Game-Night events at two Chick-fil-A(R) restaurants in the Temecula/Murrieta, California area. Another event is scheduled for December 8th at the Chick-fil-A(R) restaurant in Murrieta. These have coincided with Chick-fil-A's(R) family night offers for one free child's meal with the purchase of an adult meal. According to Lori Powell, Manager of the Chick-fil-A(R) restaurant in Murrieta, California, the Video-Game-Night Event on Nov 10th brought their location more customers and revenue than the "Operation Christmas Child" event held there the previous week.
Inspired Media currently publishes six games including three Charlie Church Mouse games; one each for pre-school, kindergarten and early elementary children; Keys of the Kingdom for all ages, LEFT BEHIND: Eternal Forces and LEFT BEHIND: Tribulation Forces. The company's original game LEFT BEHIND: Eternal Forces was the most widely distributed Christian PC game in history.
At Video-Game-Night Events, four laptops are set up; three with the Charlie Church Mouse Games and one with Keys of the Kingdom. Customers are given a flyer with a coupon which offers a 20% discount when they purchase one of the games at the nearby Berean Christian Store, which is part of an 18-store chain in states from California to Pennsylvania. As a result of the success of the Video-Game-Night events, the head buyer for Berean confirmed that he has placed an order with his distributor for more than four hundred games.
CEO Troy Lyndon states, "With the success of the promotional events being held in our vicinity, we anticipate they will be incorporated as a marketing strategy to be utilized in many of the 1,400 Chick-fil-A(R) restaurants nationwide as well as other chain outlets." About Left Behind Games Inc.
Left Behind Games Inc., also known as Inspired Media Entertainment (www.inspiredmedia.com), has become one of the world's leading independent developers and publishers of quality interactive entertainment products that perpetuate positive values and appeal to mainstream and faith-based audiences. For samples for your church or school, you can go to www.inspiredmedia.com.
Cautionary Note Regarding Forward-Looking Statements The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company's future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including: our dependence on key management and product development personnel, and our ability to develop other profitable titles for current generation platforms, the timely release and significant market acceptance of our games, the ability to maintain acceptable pricing levels on our games, our reliance on a primary distribution service provider for a significant portion of our products, and our ability to raise capital if needed. Other important factors and information are contained in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2009, in the section entitled "Risk Factors," and the Company's other periodic filings with the SEC, which can be accessed via a link from www.inspiredmedia.com on our Investor Relations page. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Li3 Energy, Inc. Announces a Letter of Intent to Acquire Puna Lithium Corporation
LIMA, Peru, Nov 30, 2009 -- Li3 Energy, Inc. (OTC Bulletin Board: LIEG; "Li3 Energy") is pleased to announce it has signed a letter of intent to acquire Puna Lithium Corporation ("Puna").
Puna has an option to acquire up to an aggregate eighty percent (80%) interest in 123,000 acres of prime Chilean salar ground located across 9 Chilean salars, including the producing Salar de Atacama where Sociedad de Chile SC has production facilities. The Salar de Atacama currently contains the highest economic lithium concentrations in the world as well as some of the lowest processing costs due to its: low magnesium content; high evaporation rates; and ability to operate year round.
Puna also has an option to acquire up to eighty five percent (85%) of 90,000 acres of salar property in Argentina, in the Centenario, Rincon, Pocitos and Cauchari salars.
The transaction is subject to legal and financial due diligence by Li3, which is expected to be finalized within the next 90 days. The parties have agreed to use their best efforts to sign a formal agreement within 90 days. The letter of intent contains, and the formal agreement will contain, customary exclusivity provisions and other conditions to closing.
Luis Saenz, Chief Executive Officer of Li3 Energy, stated: "We are extremely excited by the addition of these two substantial land packages complementing our acquisition in Big Smoky Valley, Nevada announced last week. This transaction now positions Li3 as a major strategic landholder in the Puna Plateau, which contains the largest concentrations of lithium brines in the world and is the host to over 70% of the world's lithium reserves and production.
"With the combination of Nevada, Argentina, and Chile, Li3 has secured approximately 300,000 acres of prime brine properties in the 3 major politically stable brine production areas in the world. These properties will provide the platform for Li3 on the primary production side to execute on its business plan of rapidly developing a vertically integrated lithium production, manufacturing and sales company. Our technical team is prepared and excited to aggressively begin work on the development of these assets along an accelerated timetable." About Li3 Energy, Inc.
Li3 Energy, Inc. is an early stage, U.S. public company currently pursuing a business strategy in the lithium mining and energy sector in the Americas, with an initial focus on identifying and acquiring opportunities in Peru, Argentina and Chile. Li3 Energy aims to acquire a significant portfolio of lithium brine deposits in the Americas for the purpose of development and production in order to meet growing market demand and to support the clean energy and green energy initiatives being implemented globally.
Forward-Looking Statements Certain statements in this news release are forward-looking statements. These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "proposes", "hopes," "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 and assumptions of management. The proposed acquisition of Puna Lithium is subject to a number of conditions that may not be satisfied, and there can be no assurance that it will be consummated, nor can there be any assurance that the Chile Salar, Centenario Brine, Rincon Brine, Pocitos and Cauchari Brines projects will be successfully developed. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company, including, but not limited to, the Company's ability to identify other corporate acquisition and/or joint venture opportunities in the lithium mining sector and to establish the technical and managerial infrastructure, and to raise the required capital, to take advantage of, and successfully participate in such opportunities; future economic condition; political stability; and lithium prices. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission at www.sec.gov.
Evolution Resources Reports Financial Results for Fiscal Year 2009
Company Acquires Liquafaction Corporation and Over $15 Million Worth of Facilities and Equipment to Develop Cellulosic Ethanol Production
DALLAS, Nov 30, 2009 -- Evolution Resources, Inc. (OTCBB: EVLN | Quote | Chart | News | PowerRating) (the "Company") an advanced biofuels production company focused on the production of cellulosic ethanol and biodiesel using the latest in modern processes and technologies, today reports financial results for the period from April 9, 2009 (Inception) to October 31, 2009.
A pending dividend of Evolution Resources' common stock held by Evolution Fuels, Inc. (Pink Sheets:EVFN) to shareholders of Evolution Fuels was announced last Friday, November 27, 2009.
As a development stage company, net income from inception through October 31, 2009 was $5.3 million, primarily from an extraordinary gain of $10.3 million relating to the Liquafaction Corporation ("Liquafaction") acquisition. Loss per common share from continuing operations was $0.29. Net income per common share from the extraordinary gain on acquisition was $0.59. Net income per common share was $0.30.
Evolution Resources completed the acquisition of Liquafaction on July 14, 2009, which included existing ethanol components and equipment worth over $15 million. The Company plans to develop this existing infrastructure into a 4 million gallon per year (mmgy) cellulosic ethanol production facility.
"This facility, located in Moses Lake, Washington, is attractive due to its existing ethanol components and equipment and its close proximity to the area's large availability of straw biomass, which will be used as the raw material for the cellulosic production," said Dennis McLaughlin CEO of Evolution Resources. "Since initial design work for the project has already been completed and certain permits for ethanol production already exist at the facility, we estimate we can be online in as little as seven months from initial construction." Fiscal Year 2009 Developments On July 14, 2009, Evolution completed the Liquafaction acquisition, which included a total of approximately $15.7 million of facilities and equipment. Of this amount, $5.2 million is not needed for the completion of the cellulosic ethanol facility and will be classified as excess equipment held for sale.
On August 17, 2009, in conjunction with the acquisition of Liquafaction, Evolution applied for a grant/loan provided by the Washington State Department of Commerce. The Company applied for the grant in order to assist funding efforts toward its planned cellulosic ethanol project located in Moses Lake.
"Although the purchase of Moses Lake facility is an important aspect of our initial cellulosic ethanol development, it represents a relatively small prelude to our grander vision of developing a 60 million gallon per year production facility to be located adjacent to a wood pulping operation," said Mr. McLaughlin.
Historically, ethanol has been produced mostly from sugars or starches, obtained from sources like sugar cane and corn. In contrast, cellulosic ethanol is obtained from cellulose, the main component of wood, straw and much of the structure of plants. A significant advantage of cellulosic ethanol is that cellulose does not compete with the production of food stuffs, and many sources of cellulose, such as forestry residues, waste paper and municipal solid waste, are often available for relatively low cost, or are even free.
Due to the decline in general economy, which hit the renewable energy industry particularly hard, Evolution Resources has researched and discovered a number of financially troubled opportunities that could enable the Company to potentially acquire these assets at extremely attractive prices, with the potential of a significant increase in value when the economy returns and the demand for energy increases.
Mr. McLaughlin concluded, "We are concentrating a majority of our efforts for large scale cellulosic ethanol and biodiesel production projects in the Mississippi and Louisiana Delta area, where we have garnered significant governmental support from these two states. The team assembled at Evolution Resources is extremely excited about our potential to repurpose large scale facilities for various biofuels at extremely attractive prices and we look forward to keeping our shareholders informed of our future opportunities and developments." About Evolution Resources, Inc.
Evolution Resources, Inc. is a renewable energy company focused on the production of cellulosic ethanol and biodiesel transportation fuels. Presently, the company is perusing certain proposed projects that will leverage existing distressed assets and infrastructure in Washington, Mississippi and the Louisiana Delta area. The Company's website, www.evoresources.com, provides more information on Evolution Resources.
Forward-Looking Statements Disclosure This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
PanGenex plans direct response TV programme in 2010
Nov 30, 2009 -- Nutraceutical and dietary supplements company PanGenex Corporation (Pink Sheets: PGCX.PK) said on Friday that it is planning to release a direct response television programme pursuant to its partnership with Incredible Discoveries in early 2010.
The long form television programme will demonstrate the benefits of Calci-CLEAR, PanGenex's patent pending dietary supplement that addresses soft tissue calcification. This is the abnormal hardening of soft tissues in the body such as tissues and organs.
A wholly-owned subsidiary of O2Media Inc, Incredible Discoveries is an integrated production, marketing and investment partnership company.
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