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(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS : (PINKSHEETS: RBTI) Red Branch Technologies, Inc., (PINKSHEETS: IFSL) Ideal Financial Solutions, Inc., (OTCBB: EVFN) Evolution Fuels, Inc., (OTCBB: LTUS) Lotus Pharmaceuticals, Inc., (OTCBB: TENG) Trans Energy, Inc., (OTCBB: ARYC) Arrayit Corp.
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(PINKSHEETS: RBTI - Red Branch Technologies, Inc.)
LATEST NEWS!!
Red Branch Technologies Announces LOI With Green Power Technologies, Inc.
Company to Purchase Minority Stake in an Emerging Company Focused on the Multi-Billion Dollar Wireless Sensor Market
ASHBURN, VA, Nov 30, 2009 -- Red Branch Technologies, Inc. (PINKSHEETS: RBTI) announced today an LOI with Green Power, Inc., a Nevada Corporation. Red Branch Technologies has agreed to acquire a forty percent stake in Green Power, Inc. Terms of the agreement have not been released. Also, terms of any final agreement between the two companies is subject to final approval of the Governing Board of Directors of the respective companies.
Green Power Technologies (GPT) is developing a family of wireless products and solutions for intelligent energy management, automation and control using leading edge power and communication networks. GPT, along with its partners, will seamlessly connect mobile, wireless and electronic devices to the existing wired and wireless infrastructure. GPT's mission is to enable the market place with truly innovative wireless solutions. This system architecture will provide a dramatic cost savings for installation as well as maintenance cost through the life of the system and revolutionize the market and beyond.
About Red Branch Technologies, Inc.: Red Branch Technologies provides sustainable-energy-powered solutions meeting commercial, industrial, municipal and federal requirements for site security, materials control, emergency communications, water purification and similar on-site applications. The company's ability to simultaneously manage multiple renewable energy sources allows Red Branch Technologies powered solutions to stay up and running longer than the competition. Mobility is another differentiating aspect of Red Branch Technologies' solutions.
The company also offers a unique set of security products for military and law enforcement applications where cost/performance represents a critical selection factor. The application areas include Explosive Ordinance Disposal (EOD) robots, vehicular inspection and Unmanned Aerial Vehicles (UAVs).
More detailed information can be found at www.RedBranchTech.com.
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(PINKSHEETS: IFSL - Ideal Financial Solutions, Inc.)
LATEST NEWS!!
Ideal Financial Solutions Reports Over 1,000% Revenue Growth Over Same Period of Previous Year
LAS VEGAS, Nov 27, 2009 -- Ideal Financial Solutions, Inc. (Pink Sheets:IFSL) is pleased to announce that for year-to-date October 31, 2009, our unaudited revenue has increased over 1,000% compared with the same ten months of 2008. This growth represents 25 consecutive months with an increase over the same period in the previous year.
"Our auditors have not completed our audit, and therefore we have no specific financial information to release. However, we wanted to share our continued growth with our shareholders," stated Chris Sunyich, President of Ideal Financial Solutions.
"Moreover, we believe that this progress affirms our diversified marketing plan and, perhaps most importantly, the durability of our business model," Sunyich added. "Last year, as financial markets were in peril, we saw dramatic increases in the use of our solutions. It's emboldening to see consumers choosing us in larger numbers today, and it validates our belief that personal fiscal responsibility is a trend, not a fad, and that we will continue to be an active player in this market." About Ideal Financial Solutions Based in Las Vegas, Nevada, Ideal Financial Solutions (www.idealfsi.com) provides the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset-building debt and build financial independence. As a leader in personal cash flow management systems, Ideal uses its automated CashFlow Management(c) tools (www.myifs.com) and its Credit to Wealth Systems to assist individuals, families and small businesses in building financial independence. To view more information on Ideal's new humanitarian program soon to be launched please visit www.facebook.com/idealgoodness. To view a short video demo of our services go to www.ibuildwealthclub.net.
For investors who would like to receive Ideal's newsletter, please send your email address to: support@idealfsi.com For the latest news and press, please visit www.idealfsi.com.
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(OTCBB: EVFN - Evolution Fuels, Inc.)
LATEST NEWS!!
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) (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.
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(OTCBB: LTUS - Lotus Pharmaceuticals, Inc.)
LATEST NEWS!!
otus Pharmaceuticals, Inc. Strengthens Beijing Presence with Direct Sales to Drug Stores
BEIJING, Nov 30, 2009 -- Lotus Pharmaceuticals, Inc. (OTC Bulletin Board: LTUS) ("Lotus" or the "Company") a growing developer and producer of prescription drugs and licensed national seller of pharmaceutical products in the People's Republic of China ("PRC"), today reported that its Over-the-Counter Drug division ("OTC Division") successfully entered into supply contracts with more than five hundred drug stores in Beijing as of today. The Company already has direct purchase contracts in place with around 300 manufacturers nationwide to distribute more than 800 types of medicines. All contracts have a term from one to two years and are renewable upon mutual agreement.
"I'm pleased with the experienced sales force of our OTC Division," said Dr. Zhong Yi Liu, Chairman and Chief Executive Officer of the Company. "Since the establishment of the OTC Division at the end of the last year, we have demonstrated substantial success in entering this new market segment in Beijing. Our market research shows that the current sales revenue for 4,500 drug stores in Beijing is estimated to be in the aggregate RMB 5 billion per year. Looking forward, we believe that our revenues generated from direct sales to drug stores could contribute around RMB 60 million to net revenues by the end of 2010 with an estimated 25% in net margin." The Company believes it will be able to enter into purchase agreements with a total of approximately 900 manufacturers throughout the PRC by the end of 2012. The Company also believes it will be able to enter into supply contracts with approximately 2,000 drug stores by 2012 and gradually become their main supplier of majority drugs. Since the Company is currently planning to build a 10,000 square meter modern storage in the new general office building in Chaoyang District of Beijing, and to put it into use by the third quarter of 2010, the Company believes it could realize annual sales of around RMB 200 million by 2012.
About Lotus Pharmaceuticals, Inc. (http://www.lotuspharma.com ) Lotus Pharmaceuticals, Inc. is a growing developer and producer of prescription drugs and a licensed national seller of pharmaceutical items in the People's Republic of China. Lotus operates Liang Fang Pharmaceutical, Ltd. and En Ze Jia Shi Pharmaceutical, Ltd. Lotus' current drug development pipeline is focused on the treatment of cerebro-cardiovascular disease, asthma, and diabetes. More than 8,000 products are sold by Liang Fang directly and indirectly through its national sales channels to hospitals, clinics and drugs stores in 30 provinces.
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(OTCBB: TENG - Trans Energy, Inc.)
LATEST NEWS!!
Trans Energy Secures 45,000 mmbtu Per Day Firm Marcellus Takeaway Capacity
ST. MARYS, W.Va., Nov 30, 2009 -- Trans Energy, Inc. (OTC Bulletin Board: TENG) announced today an agreement with Caiman Eastern Midstream, LLC (Caiman) to provide Trans Energy with 45,000 mmbtu per day of firm natural gas takeaway capacity in Trans Energy's main operating areas of Marshall, Wetzel and Marion counties in West Virginia. Caiman will design, construct and operate midstream pipelines and processing facilities and connect to interstate pipelines including Tetco's mainlines into the Northeast and New England. Additionally, Trans Energy has sold to Caiman its Wetzel County pipeline system which will be utilized by Caiman as part of its proposed 30+ mile gathering system.
James K. Abcouwer, President and CEO of Trans Energy, said, "Market access is one of the foundational elements in our business, and one of the traditional challenges in the Appalachian region. This commitment by our company and Caiman provides that element, and allows us to expand with confidence that our production will be offered in the most attractive markets. This is another significant step forward for our company." Trans Energy continues to expand its acreage position centered on Wetzel, Marion, and Marshall Counties in West Virginia, which it believes to be the heart of the most prolific natural gas resource in Appalachia, and one of the greatest in the United States.
About Trans Energy, Inc. Trans Energy, Inc. (OTC Bulletin Board: TENG) is an oil and gas exploration and development company in the Appalachian Basin. Further information can be found on the Company's website at www.transenergyinc.com.
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(OTCBB: ARYC - Arrayit Corp.)
LATEST NEWS!!
Arrayit Diagnostics Names Elite Financial Communications Group as Investor Relations/Public Relations Counsel
HOUSTON, Nov 30, 2009 -- Arrayit Diagnostics, Inc., a majority-owned subsidiary of Arrayit Corporation (OTC Bulletin Board: ARYC), today announced the appointment of Elite Financial Communications Group, LLC, a fully integrated marketing and communications firm, as the Company's investor and public relations counsel of record.
Working closely with Arrayit Diagnostics' leadership team, Elite is tasked with developing a comprehensive communications platform that will proactively leverage management's strategic vision and industry expertise, and provide meaningful insight into the Company's operational and financial performance, compelling growth strategy and long term value proposition. In addition, Elite will assist in the development of customized, high impact and fully integrated public and media relations programs designed to increase industry and investor awareness of the Company's novel microarray-based diagnostic products, services and industry thought leadership.
Dodi Handy, President and CEO of Elite, noted, "Given Arrayit Diagnostics' near term strategy to commercialize a series of proprietary diagnostic tests using microarray technology capable of detecting specific disease states in their early stages, the coming year promises to be one defined by potentially remarkable growth opportunities for the Company. As such, Elite looks forward to ensuring that due attention is focused on Arrayit Diagnostics as it progresses its compelling business plan and earns distinction for the important role it intends to play in the fast evolving genomic and proteomics industry." About Elite Financial Communications Group, LLC Headquartered in Lake Mary, Florida, Elite Financial Communications Group (EFCG) combines a fully integrated array of award-winning investor and public relations services with diverse expertise, influence, talent and capabilities to achieve quantifiable results for both publicly traded and privately held companies. Elite Media Group, a division of EFCG, specializes in media relations, corporate communications, brand building, professional copywriting, event planning, crises management and government relations. Elite Digital Strategies Group concentrates on leveraging social media and digital communications to expand reach and increase awareness of its clients among investors, media professionals and strategic business connections. For more information, please visit www.efcg.net.
About Arrayit Corporation Arrayit Corporation, headquartered in Sunnyvale, California, leads and empowers the genetic, research, pharmaceutical and diagnostic communities through the discovery, development and manufacture of proprietary life science technologies and consumables for disease prevention, treatment and cure. It now offers over 650 products to a customer base of more than 10,000 laboratories worldwide, including almost every major university, pharmaceutical and biotechnology company, major agricultural and chemical companies, government agencies, national research foundations and many private sector enterprises. Please visit www.arrayit.com for more information.
About Arrayit Diagnostics, Inc.
Houston-based Arrayit Diagnostics, Inc., a majority-owned subsidiary of Arrayit Corporation, is actively engaged in developing and commercializing a series of proprietary microarray-based diagnostic tests that provide for early detection of cancers, neurodegenerative diseases and other chronic and severe disease states.
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