TMCnet News
Reports Stock Alerts For June 15, 2010 Are Mercer Gold Corporation (OTCBB: MRGP), Jones Soda Co. (NASDAQ: JSDA), Adept Technology, Inc. (NASDAQ: ADEP), Mentor Graphics Corporation (NASDAQ: MENT): Sign Up Today!(M2 PressWIRE Via Acquire Media NewsEdge) www.OTCtipReporter.com Reports Stock Alerts For June 15, 2010 Are Mercer Gold Corporation (OTCBB: MRGP), Jones Soda Co. (NASDAQ: JSDA), Adept Technology, Inc. (NASDAQ: ADEP), Mentor Graphics Corporation (NASDAQ: MENT) Sign-up for our FREE Stock Alerts AND AWARD WINNING NEWSLETTER at HYPERLINK "http://www.OTCtipReporter.com/" www.OTCtipReporter.com ________________________________________________________________________________ Mercer Gold Corporation Appoints James M. Stonehouse as In-Country Manager for Operations in Colombia DENVER, June 14, 2010 -- Mercer Gold Corporation ("Mercer Gold" or the "Company") (OTC Bulletin Board: MRGP) has appointed James M. Stonehouse as in-country manager for its operations in Colombia. James M. Stonehouse is an experienced mining and resource manager with a long history of field experience in South America beginning as early as 1976. Among the highlights of a mining career that stretches over 34 years, Mr. Stonehouse is attributed with considerable success in numerous mines and mineral operations. He was Project Manager and in charge of all supervision developing feasibility for a 16,000 tpd heap leach SX-EW copper project (2008-2009), including supervision of metallurgical testing, process design, acquisition, and permitting. He has managed up to four separate companies in a difficult political environment (2006-2008) and tripled indicated reserves at principal projects in two of the companies. Mr. Stonehouse completed feasibility and managed construction of a 2000 tpd heap leach facility in Central Asia (2004-2005). In the previous year, he took a reserve to development stage in a difficult permitting environment, handling the coordination of engineering, metallurgy and environmental compliance issues in order to satisfy project opponents. He also led a team of professionals that evaluated and used innovative metallurgical techniques to lift a known resource to the reserve status in Central Asia for a project eventually sold for 25 times invested capital. He has played a prominent role in the management of numerous mining companies over the years in his positions as Executive Vice President, VP of Operations, VP of Exploration, General Manager, Mine Manager and lead independent consultant. He has been directly responsible for management and strategic development of over 20 mines, many with significant ore bodies and highly sophisticated applied mining techniques. Until August 2009 he was VP of Operations for Copper Mesa Ming Corp. directing and supervising the efforts of five separate companies in Latin America and the U.S.A. Mr. Stonehouse graduated with an M.A., Geology from Dartsmouth College in Hanover, New Hamphsire in 1976. "Adding Mr. Stonehouse to the team will establish our full-time presence in Colombia. His current mandate is to ensure efficient operations and based on his past experience, I am confident that he will be a great asset for Mercer Gold," states Rahim Jivraj, President & CEO of Mercer Gold Corporation. About Mercer Gold Corporation In April 2010, Mercer Gold Corporation entered an agreement to acquire the option to the Guayabales Prospect, a prospective gold and silver property located in Marmato, Caldas, Colombia. Mercer Gold plans to evaluate the property and develop a work program on the prospect. Safe Harbor Statement THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO THE COMPANY'S PLANS WITH RESPECT TO ITS EXPLORATION PROGRAM ON THE PROPERTY DURING THE NEXT 12 MONTHS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL AND QUARTERLY REPORTS ON FORM 10-K AND FORM 10-Q, RESPECTIVELY, AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S EXPLORATION EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION. THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NONE OF FINRA, THE SEC NOR THE BRITISH COLUMBIA SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. ________________________________________________________________________________ Jones Soda Co. Secures $10 Million Committed Equity Financing Facility SEATTLE June 14, 2010 -- Jones Soda Co. (NASDAQ:JSDA), a leader in the premium soda category and known for its unique branding and innovative marketing, today announced that it has entered into a committed equity financing facility under which it may sell up to $10 million of its registered common stock to Glengrove Small Cap Value, Ltd. over an approximately 24-month period. Jones Soda is not obligated to utilize the facility and remains free to enter into other financing transactions. Jones Soda will determine, at its sole discretion, the timing, dollar amount and floor price per share for any draw under this facility, subject to certain conditions. When and if Jones Soda elects to use the facility, the number and price of shares sold in each draw will be determined by a contractual formula, whereby Jones Soda will issue shares to Glengrove at a pre-negotiated discount to the daily volume weighted average price of Jones Soda's common stock over a preceding period of trading days. Reedland Capital Partners, an Institutional Division of Financial West Group, Member FINRA/SIPC, acted as placement agent for the initial signing of the facility and will receive a fee for its services at the time of any draw under the facility. In connection with the execution of the equity financing facility, Jones Soda will issue to Glengrove 70,053 shares of registered common stock as a commitment fee. The offer and sale of shares by Jones Soda under this equity facility have been registered pursuant to a shelf registration declared effective by the Securities and Exchange Commission on May 18, 2010. Jones Soda intends to use the proceeds from any sale of securities under the facility for targeted funding for new marketing programs, to secure and grow larger distributor and national retail accounts, and for working capital and other general corporate purposes. "This equity line provides us with an important financing option," said Bill Meissner, Jones Soda's Chief Executive Officer. "The facility has a competitive cost of capital and flexible structure and offers a means to strengthen our financial position and support our continuing efforts to expand the distribution of our brands in new and existing markets." This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. About Jones Soda Co. Headquartered in Seattle, Washington, Jones Soda Co.(R) markets and distributes premium beverages under the Jones Soda, Jones Pure Cane Soda(R), Jones 24C(R), Jones GABA(R), and Whoopass Energy Drink(R) brands and sells through its distribution network in markets primarily across North America. A leader in the premium soda category, Jones is known for its variety of flavors and innovative labeling technique that incorporates always-changing photos sent in from its consumers. Jones Soda is sold through traditional beverage retailers. For more information visit www.jonessoda.com, www.myjones.com, and www.jonesGABA.com. Forward Looking Statements Disclosure Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our anticipated use of proceeds from any sale of securities under the equity facility and our marketing, national retail and distribution growth strategies. Forward-looking statements include all passages containing words such as "aims," "anticipates," "becoming," "believes," "continue," "estimates," "expects," "future," "intends," "plans," "predicts," "projects," "targets," or "upcoming". Forward-looking statements are based on the opinions and estimates of the management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that could affect Jones Soda's actual results include, among others, its inability to achieve levels of revenue and cost reductions that are adequate to support its capital and operating requirements in order to continue as a going concern; its inability to generate sufficient cash flow from operations, or to obtain funds through additional financing or other strategic alternatives, to support its business plan; the impact of the global economic crisis, which has continued to have a greater than expected impact on Jones Soda's business; its inability to increase points of distribution for its products or to successfully innovate new products and product extensions; its inability to establish distribution arrangements with distributors, retailers or national retail accounts; its inability to maintain relationships with its co-packers; its inability to maintain a consistent and cost-effective supply of raw materials; its inability to receive returns on its trade spending and slotting fee expenditures; its inability to maintain brand image and product quality; its inability to protect its intellectual property; the impact of current and future litigation; its inability to develop new products to satisfy customer preferences; the impact of intense competition from other beverage suppliers; and risks and uncertainties described in Jones Soda's current and periodic reports filed with the Securities and Exchange Commission, including its most recent annual report on Form 10-K. Readers are cautioned not to place undue reliance upon these forward-looking statements, which speak only as to the date of this release. Except as required by law, Jones Soda undertakes no obligation to update any forward-looking or other statements in this press release, whether as a result of new information, future events or otherwise. ________________________________________________________________________________ Adept Technology Announces Acquisition of Leading Autonomous Mobile Robot Provider PLEASANTON, Calif., June 14, 2010 -- Adept Technology, Inc. (Nasdaq: ADEP), a leading provider of intelligent vision-guided robotics and global robotics services, today announced that it has entered into an agreement to acquire privately held MobileRobots Inc., a provider of industry leading autonomous robot and automated guided vehicle (AGV) technologies. Based in New Hampshire, MobileRobots uniquely positions Adept to deliver productivity gains in unstructured environments, many of which reside beyond traditional robot applications. Equipping Adept's global sales channels with autonomous robots and associated technologies will enable the company to address the needs of the production logistics markets. "With this acquisition, Adept strengthens its ability to develop and deliver highly flexible automation solutions aligned with the needs and demands of our target markets," said John Dulchinos, President and CEO of Adept Technology, Inc. "We are clearly focused on removing the challenges and costs associated with manual and less sophisticated means of moving critical components through production environments in a flexible manner and MobileRobots extends this value proposition beyond our industry's traditional application areas." From individual robots in hospitals to fleets of AGVs in factories, automation solution providers and end-users have increasingly depended on million-mile proven solutions from MobileRobots. The ability for the company's autonomous platforms to navigate in unstructured environments and provide comprehensive solutions and unmatched flexibility in delivering supplies, components and parts in complex and peopled environments has been paramount to the adoption of MobileRobots across numerous industries. "Joining Adept and leveraging their resources and international sales infrastructure will enable the MobileRobots team to capitalize on the over fifteen years of investment into developing technologies and solutions for markets with clearly defined needs," said Jeanne Dietsch, CEO and Co-founder of MobileRobots Inc. "In carefully analyzing the combining of the companies it became clear that our roadmap, positioning, organization and culture are complementary and the acquisition will therefore enable us to more rapidly and fully service our customers." The acquisition of MobileRobots expands Adept's automation presence in markets including industrial, commercial, medical, research and academia and will contribute to continued innovation in the automation of logistical processes. The MobileRobots team brings unmatched expertise in autonomous platform design and advanced fleet management along with applications experience and an established industry network. Upon completion of the acquisition, MobileRobots employees will become part of the Adept MobileRobots group and will work with Adept's existing engineering, operations and service teams in Pleasanton, CA, Dortmund, Germany and Singapore. The terms of the acquisition involve approximately $1 million of cash at closing, plus 763,359 shares of Adept common stock which is subject to vesting conditions, and a contingent cash payment of up to $320,000 after one year for an estimated transaction value of $4.5 million. The acquisition is subject to customary closing conditions and is expected to be completed by July 2010. MobileRobots generated $3.9M in revenues in 2009. The transaction is expected to be accretive in the second fiscal year of combined operations. About Adept Technology, Inc. Adept is a global, leading provider of intelligent robotics systems and services that enable customers to achieve precision, speed, quality and productivity in their assembly, handling, packaging, testing and other automated processes. With a comprehensive portfolio of high-performance motion controllers, application development software, vision-guidance technology and high-reliability robot mechanisms, Adept provides specialized, cost-effective robotics systems and services to high-growth markets including Packaged Goods, Life Sciences, Disk Drive/Electronics and Semiconductor/Solar, as well as to traditional industrial markets including machine tool automation and automotive components. More information is available at www.adept.com. All trade names are either trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking including, without limitation, statements about our expectations for completion of our acquisition of MobileRobots and the results of the combined company and our ability to capitalize on the acquired business and increased market activity to increase orders, grow revenues and earnings. Such statements are based on current expectations, estimates and projections about the successful completion of the acquisition, integration with the Company's business and the combined company's results. These statements are not guarantees of future performance and involve numerous risks, uncertainties and assumptions that are difficult to predict. The Company's actual results could differ materially from those expressed in forward-looking statements for a variety of reasons, including but not limited to: the fact that any acquisitions could be difficult to integrate, disrupt our business, increase our expenses, and adversely affect our financial condition or results of operations; factors affecting our fluctuating operating results including factors difficult to forecast or outside our control; the effect of the current economic downturn in manufacturing and other businesses of our customers and risks of nonpayment and customer insolvency; the timing and impact of the Company's restructuring activities and subsequent decisions to restore employee salaries, increase sales and marketing program spending, and other expense-related matters; the Company's inability to react quickly or adequately to changes in demand for our products; risks of acceptance of the Company's new or current products in the marketplace; future economic, competitive and market conditions including those in Europe and Asia and those related to the Company's strategic markets; the risks and regulatory requirements associated with international operation, sales and foreign suppliers and the impact of foreign currency exchange; the cyclicality of capital spending of the Company's customers and lack of long-term customer contracts; dependence on the continued growth of the intelligent automation market; the highly competitive nature of and rapid technological change and competition within the intelligent automation industry; the lengthy sales cycles for the Company's products; the Company's increasing investment in markets that are subject to increased regulation and potential product liability; the Company's outsourced manufacturing and IT dependence and risks associated with sole or single sources of supply; risks associated with product defects; potential delays associated with the development and introduction of new products; the Company's ability to sell its products through resellers who may also promote competing products; risks associated with variations in our gross margins based on factors not always in Adept's control; the need to complete acquisitions to expand operations; risks of unfair termination claims by employees; risks related to the Company's potential inability to strengthen its internal controls over financial reporting; potential securities class action litigation if Adept's stock price remains volatile or operating results suffer; and costs of being a public company. For a discussion of risk factors relating to Adept's business, see Adept's SEC filings, including the Company's annual report on Form 10-K for the fiscal year ended June 30, 2009, which includes the discussion in Management's Discussion and Analysis of Financial Condition and Results of Operations and Risk Factors. ________________________________________________________________________________ Mentor Graphics Extends TSMC Reference Flow 11 With Support for ESL and Integrated Design and Manufacturing Closure WILSONVILLE, OR June 14, 2010 -- Mentor Graphics Corporation (NASDAQ: MENT) today announced it has further expanded the range of technologies included in TSMC Reference Flow 11.0. The expanded Mentor track provides a complete front-to-back solution with new support for the Vista? platform and the Catapult C synthesis tool, expanded low power and 28nm routing features in the Olympus-SoC? place and route system, and the Calibre InRoute solution, which provides Calibre signoff analysis and automated repair integrated in the Olympus-SoC physical design system. "Mentor's Reference Flow 11.0 track has expanded to cover the entire IC design and verification cycle, from electronic system level design through functional verification, implementation and test," said S.T. Juang, senior director of Design Infrastructure Marketing at TSMC. "As TSMC customers move to 28nm and beyond, they want tools that allow them to work at higher levels of abstraction, and give them confidence that their designs can meet performance and low power goals and achieve yields that TSMC processes are capable of delivering. The Mentor Reference Flow 11.0 track meets those requirements." Electronic System Level Design, High-level Synthesis and Functional Verification The Vista electronic system level (ESL) design and verification platform supports optimizing performance and power at the architectural level on a TLM2.0 transaction-level platform. The Vista platform also enables validation and debug at the TLM level and supports virtual prototyping for early software validation and debug. For the TSMC ESL verification reference flow, the Vista platform facilities reuse of C++ models and stimulus functions in the Vista TLM2.0 models, and the validation and debug at the TLM level of the assembled transaction level platforms. In addition, the Mentor ESL flow allows reuse of the Vista platform created TLMs in Open Verification Methodology (OVM) block level configurations running on the Questa functional verification platform and the reuse of C++ models in the Catapult C SCVerify flow. The Catapult C synthesis tool synthesizes ANSI C++ code to production quality RTL, significantly reducing the time to verified RTL without sacrificing quality of results (QoR). In the HLS RF11 flow, a production quality design and verification flow is established showing C code to gates targeting TSMC 65nm and 40nm low-power process technologies. A key new feature shown is integration with the TSMC Memory Compiler to provide on-the-fly memory generation for verification and RTL synthesis. The flow includes Catapult C libraries for TSMC standard cell and memory libraries, which are central to the Catapult C technology-aware, high-level synthesis engine. In addition, Reference Flow 11.0 illustrates Catapult C's ability to explore various power, performance and area implementations, which allows designers to manage algorithms, control-logic and low-power implementations to achieve full-chip applicability. Mentor's Questa functional verification platform is a comprehensive ESL to RTL to gate-level verification solution. The Questa platform promotes efficient ESL verification reuse supporting stimulus and reference model reuse from ESL through RTL to gate-level descriptions based on the OVM. Users write their testbench and reference models once. As the design is refined from high-levels of abstraction to gate-level implementation, the built-in multi-lingual features of the Questa platform give users smooth and seamless transition for significantly reduced errors associated with hand recoding and increased productivity. For low-power design, Mentor's 0-In Formal tool with Clock-Domain Crossing and AutoCheck features are included for formal verification. IC Implementation, Physical Verification and Testing New capabilities in the Olympus-SoC place-and-route system make it ready for TSMC's most advanced processes including complete support for TSMC 28nm routing rules, stage-based on-chip variation (OCV) tables for clock and data paths, and context- dependent timing, power and placement. In addition, low-power design flow is enhanced with support for UPF-based IP models, advanced nested voltage islands (donut shapes), and multi-vendor UPF interoperability. The Olympus-SoC product now provides complete support for TSMC's iDRC, iRCX, iPRT, and iLPC formats, as well as enhanced DFM utilities applied during routing. Also new in Reference Flow 11.0 is the Calibre InRoute manufacturing closure platform, which enables designers to natively invoke Calibre tools within the Olympus-SoC place and route system to achieve true manufacturing closure during physical design. A new Calibre Pattern Matching product integrated with Calibre InRoute and Olympus-SoC enables correct-by-construction design by recognizing and eliminating restricted layout patterns that can cause DRC/DFM violations. The Calibre nmDRC, nmLVS, and xRC tools have been enhanced for TSMC's through-silicon via (TSV) offerings with new automation for verifying multi-die circuit implementations. In addition, the Calibre LFD tool now also supports TSMC's iLPC format. For silicon test and diagnosis, the Tessent? product line has expanded support for hierarchical test including enhanced at-speed scan test with both embedded compression and logic built-in self-test (BIST). Reference Flow 11.0 also includes new capabilities for comprehensive embedded memory BIST, and a complete boundary scan implementation flow. "Mentor's complete system-to-silicon track in Reference Flow 11.0 allows us to address our mutual customers' biggest challenges for 28nm, especially managing the complexity of design from the system level all the way to IC implementation and testing," said Walden C. Rhines, chairman and CEO, Mentor Graphics. "Our close collaboration with TSMC allows us to close the loop between designers and foundries with tools that help our customers get their products to market faster with higher performance, lower power consumption and greater reliability." About Mentor Graphics Mentor Graphics Corporation (NASDAQ: MENT) is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronics and semiconductor companies. Established in 1981, the company reported revenues over the last 12 months of about $800 million. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/. (Mentor, Mentor Graphics, Catapult, Questa, 0-In, and Calibre are registered trademarks and Vista, Olympus-SoC and Tessent are trademarks of Mentor Graphics Corporation. All other company and/or product names are the trademarks and/or registered trademarks of their respective owners). ________________________________________________________________________________ About OTCtipReporter.com www.OTCtipReporter.com has become one of the premier stops for investors who wish to experience huge profits via investing in up-and-coming publicly traded companies. www.OTCtipReporter.com email report service is free to those investors who sign up on our website. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to OTCBB and Pinksheet companies that have the potential of showing increased activity. To subscribe to this free service, visit the OTCtipReporter Stock Report home page at http://www.OTCtipReporter.com and Sign up Free For "Daily Stock Alerts". Join us at http://www.OTCtipReporter.com for a complimentary subscription to the most exciting online financial newsletter on the market. Disclaimer: Verify all claims and do your own due diligence. OTCtipReporter.com profiles are not a solicitation or recommendation to buy, sell or hold securities. OTCtipReporter.com is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. All statements and expressions are the sole opinion of the editor and are subject to change without notice. OTCtipReporter.com is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. It should be understood there is no guarantee that past performance will be indicative of future results. Investors are cautioned that they may lose all or a portion of their investment in this or any other company. In order to be in full compliance with the Securities Act of 1933, Section 17(b), OTCtipReporter.com is owned and operated by OTCtipReporter.com. Neither OTCtipReporter.com nor any of its affiliates, or employees shall be liable to you or anyone else for any loss or damages from use of this press-release, caused in whole or part by its negligence or contingencies beyond its control in procuring, compiling, interpreting, reporting, or delivering this Web Site or e-mail and any contents. Since OTCtipReporter.com receives compensation and its employees or members of their families may hold stock in the profiled companies, there is an inherent conflict of interest in OTCtipReporter.com statements and opinions and such statements and opinions cannot be considered independent. OTCtipReporter.com and its management may benefit from any increase in the share prices of the profiled companies. Information contained herein contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements". Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. OTCtipReporter.com services are often paid for using free-trading shares. OTCtipReporter.com may be selling shares of stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration. Visit us for a full Disclaimer at: http://www.otctipreporter.com/disclaimer.asp ((Comments on this story may be sent to [email protected])) (c) 2010 M2 COMMUNICATIONS |