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Take A Look!! CRGE,ERHE,TRDX,NUBL,DRGZ,MRVC(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS : (OTCBB: CRGE - Clenergen Corp.) (OTCBB: ERHE - ERHC Energy Inc.) (PINKSHEETS: TRDX - Trend Exploration, Inc.) (OTCBB: NUBL - Numobile, Inc.) (OTCBB: DRGZ - Dynamic Response Group, Inc.) (PINKSHEETS: MRVC - MRV Communications, Inc.) www.StockMarketingInc.com To sign up for our free Profiles & Alerts :: visit http://www.StockMarketingInc.com email us!! [email protected] or call 1-866-583-8960 ------------------------------------------------------------------------------------------------------------------------------------------------------------ (OTCBB: CRGE - Clenergen Corp.) LATEST NEWS!! Clenergen India Private Limited Appoints Merchant Bank for Public Floatation in India and Listing on National Stock Exchange of India Limited (NSE) and Bombay Stock Exhange Limited (BSE) NEW YORK, NEW YORK, Nov 11, 2009) -- The Chennai (India) based Clenergen India Private Limited, a wholly owned subsidiary of Clenergen Corporation (OTCBB:CRGE), a pioneer in clean energy generation, announces today that ICICI Securities Limited has agreed to the engagement as the Lead Merchant Banker for the fund raising exercise through issuance of equity shares in India to for Clenergen's 16MW and 64MW gasification technology based power plants. The total cost of the two projects, which together will generate 80MW/Hr of clean, renewable electricity, has been estimated at US$ 236.47 million, out of which a sum of US$ 153.70 million is planned to be raised in the form of long term debt. This assignment has been mandated to Ernst and Young in India. Out of the total equity component of US$ 82.76 million, US$ 65 million will be raised through a public floatation on the Indian Capital Markets, the rest being a combination of contribution to equity by Clenergen Corporation, USA and private placement of shares before floatation. Post closure of the public offering, the shares of Clenergen India will be listed for trading on the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange Limited (BSE). ICICI Securities Limited (I-Sec), part of the ICICI Bank's financial services conglomerate, has agreed to act as a Lead Merchant Banker (private equity placement, pre-IPO and the public floatation of Clenergen India). I-Sec is one of India's premier merchant bankers and has successfully handled many of the largest public flotations in India. I-Sec has a presence in over 75 Indian cities and leverages on the network of its over 250 branches and its trading portal www.icicidirect.com is India's largest online trading portal with 19 million registered users. The proposed public flotation is being planned to hit the Indian markets in March 2010. About Clenergen Corporation. Clenergen Corporation is a publicly listed company on the OTC stock market (symbol CRGE). Clenergen develops Clean Energy Generation projects to address the requirement for renewable and sustainable supplies of electricity. Clenergen installs and operates Distribution Environmental Power Systems (DEPS) and applies Plant Science to the cultivation of proprietary biomass feedstocks in order to provide sustainable supplies of clean energy to regional, independent clients and national grids. ------------------------------------------------------------------------------------------------------------------------------------------------------------ (OTCBB: ERHE - ERHC Energy Inc.) LATEST NEWS!! ERHC Energy Inc. Technical Partner Spuds Second Well in JDZ Block 4 HOUSTON, TX, Nov 09, 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 the commencement of exploratory drilling at the Malanza 1X well in Joint Development Zone (JDZ) Block 4. It is the next phase in the comprehensive drilling campaign that began in August. Addax Petroleum, ERHC's technical partner and the operator of JDZ Blocks 3 and 4, is using Transocean's Deepwater Pathfinder, a fifth generation dynamically positioned deepwater drilling rig, in this campaign. Drilling of the Malanza 1X well is estimated to take approximately five weeks, although the actual timing is dependent on many factors, such as drilling penetration rate, fluids encountered, borehole stability and equipment maintenance, among others. The Malanza 1X is the fourth well drilled during the current campaign, which encompasses JDZ Blocks 2, 3 and 4. It is the second well drilled in JDZ Block 4, in which ERHC has a 19.5 percent interest. "We are thrilled that the drilling campaign continues to progress on schedule and we look forward to the release of comprehensive drilling results when the operators complete their analyses," said Peter Ntephe, chief operating officer with ERHC. Last week, Addax finished drilling a well at the Lemba 1X prospect in JDZ Block 3 in which ERHC has a 10 percent interest. A comprehensive analysis that incorporates the drilling results into relevant geologic and fluid models will now be carried out. The information from these wells is helping the exploration team understand the geology and hydrocarbon potential of the various prospects being drilled and provides valuable insight into the prospectivity of the entire area. ERHC Energy has interests in six of the nine Blocks in the offshore JDZ. The Company has additional interests in the territorial waters of Democratic Republic of Sao Tome & Principe known as the Exclusive Economic Zone (EEZ). 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. ------------------------------------------------------------------------------------------------------------------------------------------------------------ (PINKSHEETS: TRDX - Trend Exploration, Inc.) LATEST NEWS!! Trend Exploration to Acquire Dental Kit Product Rights ATLANTA, GA, Nov 10, 2009 -- Trend Exploration, Inc. ("TRDX" or the "Company") (PINKSHEETS: TRDX) today announces it is in the process of acquiring the rights to an emergency dental kit product which contains a wide variety of dental treatments for emergency situations (www.dentalkit.com). The product in its current form was developed and is owned by Dr. Stahl and its potential for quality sales is vast. Consumers are also attracted to the idea of a dental emergency kit when they are traveling or unable to reach their dentist. Furthermore, dental emergency kits are also becoming standard issue for sports teams and school nurses. The Company expects a short timeline to closing of this transaction and the launch of a marketing plan shortly thereafter. About TRDX TRDX is a company focused on building a leading holding company for medical and biotech products and services. ------------------------------------------------------------------------------------------------------------------------------------------------------------ (OTCBB: NUBL - Numobile, Inc.) LATEST NEWS!! . NuMobile, Inc. Announces $500,000 Pilot Contract in Anticipation of $20 Million Contract Follow-On CARY, NC, Nov 11, 2009 -- NuMobile, Inc. (OTCBB: NUBL) today announced a $500,000 pilot project contract with the potential for a follow-on contract worth approximately $20 million in revenue. The pilot contract was signed by the Company's recently announced acquisition Enhance Network Communication, Inc. Enhance is headquartered in Cupertino, California and has developed a proprietary large enterprise network security technology designed for managing the unique information management requirements of network-delivered government services. The Company is working to sign the anticipated $20 million follow-on contract by year end. NuMobile Information and Email Newsletter To learn more about NuMobile and to sign up for company email alerts, please visit the corporate website at www.numobileinc.com. About NuMobile, Inc. (www.numobileinc.com) NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of Latin America and East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board. ------------------------------------------------------------------------------------------------------------------------------------------------------------ (OTCBB: DRGZ - Dynamic Response Group, Inc.) LATEST NEWS!! Dynamic Response Group Announces 3rd Quarter Profitability MIAMI, FL, Nov 09, 2009) -- Dynamic Response Group, Inc. (OTCBB: DRGZ) announced today preliminary results for the 3rd quarter EBITA of over $150,000. This compares to a $38,000 loss for the same 3 month period in 2008. These results do not include Aeropedic or Medico Express which were both launched in October 2009. General and Administrative costs dropped from $1.5 million in 2008 to $324,000 for the same three month period in 2009. These cost cutting measures and refocused attention on profitable products resulted in earnings of $.02 per share for the third quarter in our preliminary results. "We are extremely excited about our results which confirm our strategic decisions about the future direction of our Company," stated CEO Melissa Rice. About Dynamic Response Group, Inc. Dynamic Response Group, Inc. is a marketing company that develops and distributes personal development and heath services through print catalogs, radio, direct mail, direct response television programming (infomercials) and the Internet. For more information on DRG, please visit its website at www.dynamicresponsegroup.com ------------------------------------------------------------------------------------------------------------------------------------------------------------ (PINKSHEETS: MRVC - MRV Communications, Inc.) LATEST NEWS!! MRV Announces Third Quarter and Nine Months 2009 Financial Results Q3 Bottom Line Results Near Breakeven CHATSWORTH, Calif., Nov 09, 2009 -- MRV COMMUNICATIONS, INC. (Pink Sheets: MRVC), today announced financial results for the third quarter and nine months ended September 30, 2009. "We are pleased to share our year-to-date results with you today. The third quarter results demonstrate improved revenue and gross margin, and reduced operating expenses. Importantly, expense reduction and gross margin improvement were realized in each of our three business units, generating near break-even results for the quarter," commented Noam Lotan, Chief Executive Officer of MRV. "Our first quarter 2009 results were significantly affected by the global economy and we believe that our markets have not yet fully recovered. However, we are encouraged by our sequential quarterly performance throughout the year," said Lotan. "MRV has focused on maintaining market share and improving efficiencies without sacrificing innovation. Consistent profitability is very much a priority and we will continue our efforts to strike this balance. Our finance team continues its dedicated work to return the company to current filer status with the SEC and we are getting very close to achieving this. I would like to thank our management team and employees, worldwide, for their dedicated contributions," continued Lotan. Consolidated Results Revenue for the third quarter was $128.9 million, compared with revenue of $119.6 million in the preceding quarter and $130.6 million in the third quarter of the prior year. All three business segments contributed to the sequential growth. Revenue for the nine months ended September 30, 2009 was $366.8 million, compared with $403.8 million for the same period in the prior year. Third quarter 2009 gross margin was 29 percent, compared with 26 percent reported in the third quarter of 2008. Gross margin for the nine months ended September 30, 2009 was 26 percent, compared with 29 percent in the same period of the prior year. The year-to-date consolidated gross margin was impacted by a decrease in Source Photonics margin in the beginning of the year, partially offset by improvements in Network Integration and Network Equipment, and began to recover in the second quarter of 2009. The Company reported a net loss of $0.5 million in the third quarter of 2009, or $0.00 per share, which included share-based compensation charges of $0.6 million. This compares with a net loss of $9.9 million, or ($0.06) per share in the comparable period of 2008, which included share-based compensation charges of $1.0 million. For the nine months ending September 30, 2009, MRV reported a net loss of $21.6 million, or ($0.14) per share, and a net loss of $12.8 million, or ($0.08) per share in the comparable period of 2008, including $1.6 million and $3.5 million in share-based compensation charges, respectively. Operating Segment Results The Network Equipment group reported revenue of $24.9 million, $23.3 million and $26.6 million for the first, second and third quarters of 2009, respectively, totaling $74.8 million for the nine months ended September 30, 2009, compared with $95.7 million for the same period in the prior year. A reduction in sales in North America negatively impacted revenue year-over-year results. Strong growth from the second quarter 2009 to the third quarter 2009 was driven by our aerospace and defense business. The Network Integration group reported revenue of $47.8 million, $48.7 million and $49.3 million in the first, second and third quarters 2009, respectively, totaling $145.8 million for the nine months ended September 30, 2009, compared with $164.3 million for the same period in the prior year. The year-over-year decrease was primarily attributed to the effect of currency exchange rates. The Optical Components group reported sequential and year-over-year revenue growth in the third quarter 2009. Revenue in the first, second and third quarters of 2009 was $48.0 million, $50.1 million and $55.9 million, respectively, totaling $154.0 million for the nine months ended 2009, compared with $155.2 million in the same period of the prior year. Conference Call MRV will host a conference call to discuss its third quarter and nine months 2009 financial results today at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). For parties in the United States and Canada, call 877-941-2321 to access the conference call. International parties can access the call at 480-629-9714. MRV will offer its live audio broadcast of the conference call, along with the financial presentation, on the MRV Investor website at http://ir.mrv.com. For replay information, please visit the MRV Investor website. The Company plans to file its Quarterly Reports on Form 10-Q for the interim periods of 2009 shortly. These Quarterly Reports are subject to customary quarterly review procedures by the Company's independent registered public accounting firm. As such, these results are subject to revision until the Quarterly Reports are filed with the SEC. Forward-Looking Statements This press release contains statements regarding future financial and operating results of MRV, management's assessment of business trends, specifically MRV's position to take advantage of key emerging industry trends and management's expectations regarding those trends, and other statements about management's future expectations, beliefs, goals, plans or prospects and those of the market segments in which MRV is engaged that are based on management's current expectations, estimates, forecasts and projections about MRV and its consolidated businesses and the respective market segments in which MRV's businesses operate, in addition to managements' assumptions. Statements in this press release regarding MRV's future financial and operating results, and on-going efforts to become current in its filings with the Securities and Exchange Commission, which are not statements of historical facts, constitute forward- looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "envisions," "estimates," "targets," "intends," "plans," "believes," "seeks," "should," "forecasts," "projects," variations of such words and similar expressions are intended to identify such forward-looking statements which are not statements of historical facts. These forward-looking statements are not guarantees of future performance or that the events anticipated will occur or that expected conditions will remain the same or improve. These statements involve certain risks, uncertainties and assumptions, the likelihood of which are difficult to assess and may not occur, including risks that MRV will experience delays in becoming current with its filings with the SEC, that each of its business segments may not make the expected progress in its respective market, and that management's long term strategy may not achieve the expected results. Other risks and uncertainties relate to potential changes in relationships with MRV's customers and suppliers and their financial condition, MRV's success in developing, introducing and shipping product enhancements and new products, increased competition in our market segments, market acceptance of new products, continued market acceptance of existing products and continued success in selling the products of other companies, product price discounts, the timing and amount of significant orders from customers, obsolete inventory or product returns, warranty and other claims on products, the continued ability of MRV to protect its intellectual property rights, changes in product mix, maturing product life cycles, implementation of operating cost structures that align with revenue growth, political instability in areas of the world in which MRV operates, currency fluctuations, changes in accounting rules, general economic conditions, as well as changes in such conditions specific to our market segments, risks of manufacturing and maintaining intellectual property rights in Asia, litigation related to MRV's historical stock option granting practices and its acquisition of Fiberxon, Inc., and maintenance of our inventory and production backlog. Therefore, actual outcomes, performance and results may differ from what is expressed or forecast in such forward-looking statements, and such differences may vary materially from current expectations. All information in this release is as of November 9, 2009. MRV undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in MRV's expectations. About MRV Communications, Inc. MRV Communications, Inc. is a leading networking company with a full line of packet-optical transport ("POTS"), carrier Ethernet, 40G and out-of-band networking equipment, services and optical components for high-speed carrier and enterprise networks and specialized aerospace, defense and other communications networks. MRV's networking business provides equipment for commercial customers, governments and telecommunications service providers. MRV markets and sells its products worldwide, with operations in Europe that provide network system design, integration and distribution. The Company's optical components business which provides optical communications components for access and Fiber-to-the-Premises applications operates under the Source Photonics brand. For more information about MRV and its products, please call (818) 773-0900 or visit www.mrv.com ------------------------------------------------------------------------------------------------------------------------------------------------------------ About StockMarketingInc.com StockMarketingInc.com is a website that profiles stocks of interest. We are not licensed brokers or financial consultants. The information here is believed to be reliable, but not guaranteed to be accurate by StockMarketingInc.com. Please be advised that the information contained may or may not be complete and is solely for informational purposes only. This is not to be construed as an offer to sell, hold or the solicitation of an offer to buy. Investors are encouraged to seek opinions by their registered brokers or financial advisors after extensive due diligence is performed. ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS |