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"Penny Stocks that Perform" picks are: EDWY, NVNC, RFMD, SPNG
(M2 PressWIRE Via Acquire Media NewsEdge) Pennyperformers.com "Penny Stocks that Perform" picks are: eDOORWAYS Corporation (PINKSHEETS: EDWY), Novo Energies Corporation (OTCBB: NVNC), RF Micro Devices, Inc. (NASDAQ: RFMD), SpongeTech(R) Delivery Systems, Inc. (OTCBB: SPNG)
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Jul 2, 2009 -- eDOORWAYS Corporation (PINKSHEETS: EDWY) makes the following statement:
On the last shareholder conference call, the company was asked if we would be willing to make the eDOORWAYS platform and the SOLVE doorway available for demonstration. At that time, our Chairman and CEO, Mr. Gary Kimmons, advised that making SOLVE available to the public before its scheduled release introduces undue risk associated with losing our competitive advantage in the marketplace.
Nevertheless, as a participant in our conference call noted, "seeing is believing," and many of you are demanding to see what we've achieved. This has created an interesting dilemma -- if we unveil SOLVE, we risk ultimately hurting shareholder value by allowing competitors insight into the mechanics of the platform. We're almost positive that any reasonable shareholder would not want that. Yet, if we continue to hold it close until the soft launch, it is clear that many of you, our shareholders, will continue to question the veracity and authenticity of our effort. The impasse this creates is detrimental to all of us -- and it's negatively affecting our value in the marketplace.
We simply cannot let this continue to unjustly happen. As an act of mutual good-faith, we are prepared to act immediately by offering to make the SOLVE doorway available for shareholder inspection and review via a "live walk-through" conducted by our technology consultants. The walk-through is available to us now since we've used it for past presentations to private capital sources. However, exactly how it is we can implement the presentations to the public with a reasonable degree of security must still be resolved.
It's our intention to get back to you as soon as possible with a plan that can work whereby the walk-through is made available within the month. This should only take a few business days. At that time, we will announce the viewing date(s), our plan for certifying participants and the forum in which we intend to conduct this event. Regardless, we see no reason why the presentation(s) cannot be conducted this month.
To conclude, we understand that our shareholders are excited to view a demonstration of the platform and celebrate what the company has achieved. And it is because we value you, our shareholders, we will proactively strive to meet your stated needs and expectations.
Your patience and understanding regarding this sensitive issue is sincerely appreciated!
Jun 30, 2009 -- Novo Energies Corporation (OTCBB: NVNC) ("Novo"), a public company traded on the Over the Counter Market (OTCBB) under the symbol "NVNC," announced today that it has begun the process of forming its renewable energy plastic and tire waste-to-liquid fuel subsidiary -- WTL Renewable Energy, Inc. ("WTL"). WTL will be establish as a Canadian Federal Corporation as a wholly owned subsidiary of Novo and will initially plan, build, own and operate renewable energy plants throughout North America.
WTL has developed and designed a new process to transform plastic and tire waste products into liquid fuels such as diesel, gasoline and fuel additives combining thermolysis and gasification among other processes. WTL will build, own and operate small local plants to transform residual plastics and tires to valuable liquid low carbon fuels such as diesel, gasoline and fuel additives.
There are more than 10 million tons per year of residual plastics and tire waste generated worldwide and about 25% are recycled. WTL anticipates entering into long-term supply contracts with waste generators including municipalities and commercial operations. WTL's forecast, based on supply negotiations and evaluation, enables WTL to build at least 12 plants per year on a long-term basis. WTL's strategy is to install small to medium capacity plants of 15 tons/day plastic waste (the size of a standard intermodal container) and/or 30 tons/day tire waste (approximately 2400 tires/day) to generate approximately 60 barrels/day of fuel oil or fuel additives providing Novo with projected daily revenues of approximately $10,000 and annual revenues in excess of $3,000,000 per plant.
More information will be provided as the Company progresses with its developments.
About Novo Energies Corporation
Novo Energies is a public company trading on the Over the Counter Bulletin Board Market ("OTCBB") under the symbol NVNC, with offices in New York, NY and Montreal, Canada. The Company's mission is to continue expanding within the renewable energy sector by developing and implementing renewable energy solutions while maintaining its commitment to conserve energy, natural resources and help reduce pollutants and unwanted wastes. Based upon a novel technology, Novo's wholly owned subsidiary WTL Renewable Energy, Inc. will plan, build, own and operate renewable energy plants initially throughout North America that will transform residual plastics and tires to valuable liquid low carbon fuels such as diesel, gasoline and fuel additives.
Jul 1, 2009 -- RF Micro Devices, Inc. (NASDAQ: RFMD), a global leader in the design and manufacture of high-performance semiconductor components, today announced it has entered into a cooperative agreement with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) to develop a commercially viable and high volume-capable compound semiconductor-based process for high-performance photovoltaic (PV) cells.
Under the terms of a Cooperative Research And Development Agreement (CRADA), NREL's subject matter knowledge and innovation experience will be combined with RFMD's technical expertise in volume manufacturing of high-performance, reliability-proven compound semiconductors at RFMD's wafer fabrication facilities (fab), for the purpose of developing a production capable process technology for high-performance photovoltaic (PV) cells. NREL has decades of research experience and expertise in PV cell technology, and RFMD is a pioneer and industry leader in compound semiconductor manufacturing with a proven ability to commercialize new technologies.
The successful execution of the multi-year CRADA is expected to result in the production of PV cells in RFMD's high-volume compound semiconductor fabs, as early as calendar year 2012, using technology that is capable of best-in-class solar cell conversion efficiency. NREL's technology has demonstrated one of the world's highest reported solar cell conversion efficiencies, at 40.8 percent, and continued substantial improvements in efficiency are anticipated.
"Working with RFMD to commercialize PV cells will help us realize our laboratory's mission of developing and commercializing advanced, next-generation energy technologies," said NREL Director Dan Arvizu.
Bob Bruggeworth, president and CEO of RFMD, said, "We are very pleased to be collaborating with NREL to leverage our wafer manufacturing expertise and cost structure to manufacture high-performance photovoltaic cells available in high volumes, with high quality and reliability and at greatly reduced cost. RFMD's industry-leading wafer fabrication capability and expertise in commercializing compound semiconductors, combined with NREL's technology leadership and decades of research, uniquely position us to accelerate the commercialization of this next-generation technology. We expect our expertise and scale will positively impact the market for concentrated photovoltaic cells, and we are proud to support our national efforts related to clean energy."
During the CRADA, technical representatives from both RFMD and NREL will collaborate at NREL and in RFMD's facilities in Greensboro, North Carolina. The CRADA will be accomplished in three phases.
* A foundation phase that will establish the capability to manufacture basic PV cells at RFMD's manufacturing facilities;
* A technology demonstration phase during which PV cells using NREL's technology will be fabricated at RFMD's manufacturing facilities, and;
* A production readiness phase during which the manufacturing of high performance PV cells with high yields, high reliability, high reproducibility and low cost at RFMD's fabs will be established.
About NREL
NREL is the U.S. Department of Energy's primary national laboratory for renewable energy and energy efficiency research and development. NREL is operated for DOE by the Alliance for Sustainable Energy, LLC.
Jul 1, 2009 -- SpongeTech(R) Delivery Systems, Inc. America's Cleaning Company(TM), (OTCBB: SPNG), today announces that the Company has expanded its licensing agreement with Nickelodeon and Viacom to market SpongeTech(R)'s SpongeBob Soap-Filled Bath Sponges in Canada. Next month, SpongeBob will be celebrating its 10th anniversary since debuting on Nickelodeon in the US back in July 1999.
SpongeTech(R)'s SpongeBob Soap-Filled Bath Sponges are soap-infused sponges that lets your child learn to bathe him or herself with no fuss. Easy to use, no messy bars of soap to carry around, no wash cloths needed, just add water and squeeze!! The adorable, paraben-free, ultra gentle body wash, odor resistant and earth-friendly children's sponge can be used multiple times. Parents, it's time to make bath time easier and more fun with SpongeBob!!
SpongeBob SquarePants has since emerged as a pop culture phenomenon and one of the most popular series in kids' television history. Created by Nickelodeon and distributed by MTV Networks, SpongeBob SquarePants is the most successful series in the Networks' history, syndicated in 171 markets in 25 languages. SpongeBob SquarePants is among the top rated kids' shows, across broadcast and cable, in every major television market around the world.
"We are excited to expand upon our partnership with Nickelodeon and Viacom into the Canadian marketplace," commented SpongeTech(R)'s COO, Steven Moskowitz. "We look forward to celebrating SpongeBob's 10th anniversary in July across the U.S. and Canada." In addition to SpongeBob, the Company will look to market two other popular animated Nickelodeon characters, Dora the Explorer, and Go, Diego, Go!.
About Nickelodeon
Nickelodeon, now in its 29th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, magazines and feature films. Nickelodeon's U.S. television network is seen in more than 96 million households and has been the number-one-rated basic cable network for 14 consecutive years. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. (NYSE: VIA, VIA.B)
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(R)'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponges 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(R) 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 Company as America's Cleaning Company(TM).
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