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Finance
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Finance News

The Board of Directors of Prime Companies, Inc. Allow for Further Enhancement of Prime’s Balance Sheet by Approving a Plan to Convert Insider Debt into Equity
Wed, 11 Oct 2006 08:00:00 -0400 EDT

YUBA CITY, Calif. – Oct. 11 (SEND2PRESS NEWSWIRE) — Prime Companies, Inc. (OTC: PRMC / PRMC.PK) announces that it has entered into an agreement with its officers and an “insider” to convert debt into equity and therefore further enhancing its balance sheet. By virtue of the agreement, Prime Companies, Inc. realizes the benefit of relieving itself of over $1,200,000 in debt.

Prime Companies, Inc. Enhances its Balance Sheet by Successfully Obtaining Relief From a Guarantor Position in a Certain Loan Obtained by its Subsidiary LMDS Communications, Inc.
Thu, 05 Oct 2006 11:12:00 -0400 EDT

YUBA CITY, Calif. – Oct. 5 (SEND2PRESS NEWSWIRE) — Prime Companies, Inc. (OTC: PRMC / PRMC.PK) announces that it has entered into an agreement with the Rural Utilities Service, a branch of the U. S. Department of Agriculture to retire a certain loan obtained by its subsidiary LMDS Communications, Inc. and therefore relinquishing itself of its position of guarantor on said defaulted loan. By virtue of the agreement, Prime Companies, Inc. realizes the benefit of relieving itself of over $2,100,000 in debt. This allows for a balance sheet enhancement furthering the opportunity for Prime Companies, Inc. to raise the necessary capital to allow it to move forward in the aggressive implementation of its business plan.

Lyamec in Agreement with Grifco on $2.25 Per Share Offer
Fri, 07 Jul 2006 17:00:00 -0400 EDT

LONDON, UK – July 8 (SEND2PRESS NEWSWIRE) — Lyamec announces that it has reached an agreement with Grifco (OTC: GFCI) to move on the USD $2.25 per share offer: We look forward to receiving fully executed documents in the upcoming days, and look forward to move to closing. Lyamec states acquisition initiatives on the 5 year outlined USD $76.5 Million GPC approved Libya facility entails an additional premium of USD $28 Million to be paid directly to Lyamec.

Engineering Evaluation and Testing Completed – Follow-On Product Identified
Thu, 29 Jun 2006 08:32:00 -0400 EDT

SOLANA BEACH, CA – June 29 (SEND2PRESS NEWSWIRE) — Armor Electric Inc. (OTC BB: ARME) is pleased to announce that the engineering evaluation and testing phase of the electric propulsion system for the ‘Mexico City Three Wheel Taxi Cab’ project has been successfully completed. The Mexico City management group plans to conduct the final visual inspection, design buyoff, and final testing during the first week of July at the Las Vegas design and testing facility.

Epeius Biotechnologies Corporation Receives $400,000 Grant to Support Gene Therapy Trials for Pancreatic Cancer
Mon, 19 Jun 2006 09:07:00 -0400 EDT

SAN MARINO, CA – June 19 (SEND2PRESS NEWSWIRE) — Epeius Biotechnologies Corporation announced today that the Company has been awarded a $400,000 grant by the Lazarex Cancer Foundation to expand and support ongoing cancer gene therapy clinical trials for advanced and metastatic pancreatic cancer.

Grifco International Fields Offers From the United States, the United Kingdom, and Libya
Thu, 08 Jun 2006 09:38:00 -0400 EDT

HOUSTON, TX – June 8 (SEND2PRESS NEWSWIRE) — Lyamec Corp announces that it is in agreement with Grifco (OTC: GFCI) in negotiating on several offers made to Grifco International to either merge or to be acquired. Current offers originating from the United Kingdom, the United States and Libya range from GBP 28 Million British Pounds (USD $49 Million equivalent) to GBP 33 Million British Pounds (USD $59 Million equivalent).

Prototype Units Ready for Shipment
Thu, 11 May 2006 11:23:00 -0400 EDT

SOLANA BEACH, CA – May 11 (SEND2PRESS NEWSWIRE) — Armor Electric Inc., (OTC Bulletin Board ARME / ARME.ob) announces the first delivery of the frames and bodies from Hero Manufacturing in India for the Mexico pedi-cab contract. The units will be delivered to the Armor Las Vegas facility via air freight during the week of May 15th. Armor and Hero engineers together recently incorporated specific enhancements to the design of the front forks and the frame to better accommodate the power from the electric propulsion system.

Global Oil Tools Libya to Launch on the Libyan Stock Exchange
Tue, 09 May 2006 14:32:00 -0400 EDT

TRIPOLI, Libya – May 9 (SEND2PRESS NEWSWIRE) — In its 16th weekly regular meeting held Sunday evening in Tripoli to issue the resolution and the articles of associations of the market, The Secretariat of the General People’s Committee has approved a draft resolution to the establishment of Libya’s Stock Exchange Market.

Armor Electric Announces New Board Member
Mon, 01 May 2006 08:05:00 -0400 EDT

SOLANA BEACH, CA – May 1 (SEND2PRESS NEWSWIRE) — Armor Electric Inc. (OTC BB: ARME) today announced the appointment of Mr. Sam Karp to the Board of Directors. Mr. Karp is a resident of and premier builder/developer in the exclusive community of Rancho Santa Fe, located in southern California. Mr. Karp has a great interest Armor and believes in the exceptional potential of Armor’s electric vehicle program sufficient to provide a substantial capital investment into the company in February 2005 and again in April 2006.

City Network, Inc. Announces Financial Results for the Fiscal Year Ended December 31, 2005, Going Concern Qualification, and Resignation of Mr. Lai Tiao-Tsan
Mon, 24 Apr 2006 13:24:00 -0400 EDT

TAIPEI, Taiwan – Apr. 24 (SEND2PRESS NEWSWIRE) — City Network, Inc. (Amex: CSN), a company that designs, manufactures, and markets a comprehensive line of broadband and wireless Internet access solutions and consumer electronic products, announced financial results for the year end December 31, 2005. Net sales for the year ended December 31, 2005 totaled $14,320,409, compared to $15,674,613 for ten months ended December 31, 2004. The decrease in revenues for the year ended December 31, 2005 was due to a decline in the amount of sales of certain merchandise.

Armor Announces Funding Obtained for Completion of Mexico City Taxi Cab Project
Mon, 24 Apr 2006 09:03:00 -0400 EDT

SOLANA BEACH, CA – Apr. 24 (SEND2PRESS NEWSWIRE) — Armor Electric Inc. (OTC Bulletin Board: ARME) announces the company has completed financing in the form of a ‘convertible note’ with a substantial Investment Group in San Diego, California. This financing includes an initial payment to Armor of $215,000 USD and further payments up to a total of $600,000 USD to Armor based on the performance of agreed to ‘milestones’ between the parties.

Nano Superlattice Technology, Inc. Announces the Retainer of Festo AG & Co. to Construct Sophisticated Robotic Automation Insertion Machinery to be used in Nano Coating Process
Wed, 29 Mar 2006 08:50:00 -0400 EDT

TAIPEI, Taiwan – Mar. 29 (SEND2PRESS NEWSWIRE) — Nano Superlattice Technology Inc. (OTC BB: NSLT – ‘Nano’), a company engaged in the coating of tools and components with nano structured PVD coatings for the semiconductor, precision machinery and telecommunications industries, announced today the retainer of automation systems and engineering design services company Festo AG & Co. of Germany to manufacture complex automatic insertion machinery for the nano-coating of client products.

Armor CEO Attends Republican Workshops and Dinner
Tue, 28 Mar 2006 08:57:00 -0400 EDT

SOLANA BEACH, CA – March 28, 2006 (SEND2PRESS NEWSWIRE) — Armor Electric Inc. (OTC BB: ARME) wishes to announce that the CEO of Armor Electric, Mr. Merrill W. Moses was invited to attend a Republican dinner with President Bush, Senators and Congressmen this past week in Washington, D.C. He also participated in the National Republican workshop forum on the Republican four part Energy Initiative which, in part, is a ‘brain trust’ and ‘think tank’ to develop loans and grants for new technology in the fields of alternative energy, hydrogen and ethanol fuels, hybrid electric systems, conservation and other energy saving technologies.

Lyamec to Force Changes at Grifco International
Mon, 27 Mar 2006 07:48:00 -0400 EDT

HOUSTON, TX – Mar. 27 (SEND2PRESS NEWSWIRE) — Lyamec Corporation, a merchandising and distribution services firm announced that it has begun a time lined campaign to force and implement executive level changes at Grifco International. Grifco International (OTC: GFCI) recently acquired Global Oil Tools as well as an equity participation of rights on ‘Global Oil Tool Libya,’ a 24,000 sq. ft. manufacturing and distribution facility set for the free trade zone of Misurata, Libya.

DataLogic International Announces New CFO
Tue, 21 Mar 2006 08:55:00 -0400 EDT

IRVINE, CA – Mar. 21 (SEND2PRESS NEWSWIRE) — DataLogic International, Inc., (OTC Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange: 779612), a provider of GPS-based mobile asset management, secured mobile communications and network security, today announced the appointment of William R. Abbott as Chief Financial Officer.

Misurata Free Trade Zone Paves Way for Global Oil Tools Libya Facility
Thu, 23 Feb 2006 05:16:00 -0400 EDT

HOUSTON, TX – Feb. 23 (SEND2PRESS NEWSWIRE) — Pursuant to the formal notice issued by the General Peoples Committee for the establishment of the 24,000 sq. ft. manufacturing and distribution facility in Misurata, Lyamec Corp announces that it has formally received the approval of Misurata’s free trade zone on January 16th, 2006.

Armor Electric Announces Prototype Delivery for Mexico Contract
Wed, 22 Feb 2006 06:33:00 -0400 EDT

SOLANA BEACH, CA – Feb. 22 (SEND2PRESS NEWSWIRE) — Armor Electric Inc. (OTC Bulletin Board: ARME) wishes to announce that Majestic Auto Ltd., a division of Hero Motors of India, has completed the engineering and manufacturing of the test model three wheel electric powered taxi cabs to be delivered to the taxi cab company in Mexico City for the Joint Venture Group.

Nano Superlattice Technology Inc. Nano-Coating Passes Preliminary Testing by Chi Mei Optoelectronics and Procures Initial Trial Order
Wed, 01 Feb 2006 04:30:00 -0400 EDT

TAIPEI, Taiwan – Feb. 1 (SEND2PRESS NEWSWIRE) — Nano Superlattice Technology Inc. (hereinafter “Nano”) (OTC Bulletin Board: NSLT), a company engaged in the coating of tools and components with nano structured PVD coatings for the semiconductor, precision machinery and telecommunication industries, announced today that its PVD coatings have passed initial qualifying tests and examinations by Chi Mei Optoelectronics Corp. and has received a preliminary trial order for the coating of two industrial components.

Armor Electric Inc Announces Contract With Mexico
Tue, 31 Jan 2006 04:28:00 -0400 EDT

SOLANA BEACH, CA – Jan. 31 (SEND2PRESS NEWSWIRE) — Armor Electric Inc. (OTCBB: ARME) is pleased to announce additional information regarding the company’s Joint Venture Agreement with NuPow’r LLC to provide ‘electric propulsion systems’ for electric powered vehicles. Under this agreement, existing and future contracts for the production of 2, 3 and 4 wheeled ‘electric propulsion systems’ (EPS), will be transferred to an operational Joint Venture.

Armor Electric, Inc. Announces a Joint Venture Agreement with Nu Pow’r LLC
Wed, 25 Jan 2006 04:57:00 -0400 EDT

SOLANA BEACH, CA – Jan. 25 (SEND2PRESS NEWSWIRE) — ARMOR ELECTRIC INC. (OTCBB ARME) is pleased to announce the company has signed a Joint Venture Agreement with NU POW’R LLC to provide the technology and production of ‘electric propulsion systems’ for two, three and four wheel electric powered vehicles and other electrically propelled products.

City Network, Inc. Announces Revised Financial Results For The Fiscal Year Ended December 31, 2004
Tue, 20 Dec 2005 06:33:00 -0400 EDT

TAIPEI, Taiwan – Dec. 20 (SEND2PRESS NEWSWIRE) — City Network, Inc. (Amex: CSN), a company that designs, manufactures, and markets a comprehensive line of broadband and wireless Internet access solutions and consumer electronic products, announced that it will be revising its financial statements for the fiscal year ended December 31, 2004 and amending and restating its annual report on Form 10-KSB on file with the Securities and Exchange Commission.

NRG Resources, Inc. Acquires Real Estate in Victorville California to Build Bio Diesel and Synthetic Fuel Plant
Tue, 08 Nov 2005 05:09:00 -0400 EDT

SANTA ANA, CA – Nov. 8 (SEND2PRESS NEWSWIRE) — NRG Resources, Inc. (OTC Pink Sheets: NRRI), an independent oil and oil products company, today reported that it has completed a strategic acquisition of approximately 3.8 acres of real property in Victorville, California, with the objective of building a bio-diesel and synthetic fuel blending facility.

Global Oil Tools Qatar Formation Completed
Thu, 27 Oct 2005 04:19:00 -0400 EDT

HOUSTON, TX – Oct. 27 (SEND2PRESS NEWSWIRE) — Lyamec completes formation of ‘Global Oil Tools Qatar.’ Under agreement terms with Global Oil Tools (OTC Bulletin Board: GFCI) The Lyamec Group owns manufacturing and distribution rights in The Middle East, Africa, and Azerbaijan.

Turan Petroleum, Inc. Engages Consultants and Legal Advisors
Mon, 17 Oct 2005 07:01:00 -0400 EDT

SANTA ANA, Calif. – Oct. 17 (SEND2PRESS NEWSWIRE) — Turan Petroleum, Inc. (OTC Pink Sheets: TURP / TURP.pk), an independent oil and gas exploration company, today announced that it has retained the law firm of Greenberg Traurig, LLP to provide legal services and advice related to Turan Petroleum’s operations. Turan Petroleum has also engaged a Canadian geological consulting firm, LIB Consultants, Ltd, and a Kazakhstan based geological consulting firm, TOO KazMunai GeoServices, (engaged directly by TOO Turan EnerPetroleum, Turan Petroleum’s wholly owned Kazakstan based subsidiary) to assist with ongoing analysis of existing geological studies, assure government compliance and provide for timely satisfaction of reporting requirements.

City Network, Inc. Announces Revised Financial Results for The Fiscal Quarters Ended March 31, 2005 And June 30, 2005
Fri, 30 Sep 2005 04:20:00 -0400 EDT

TAIPEI, Taiwan – September 30 (SEND2PRESS NEWSWIRE) — City Network, Inc. (Amex: CSN), a company that designs, manufactures, and markets a comprehensive line of broadband and wireless Internet access solutions and consumer electronic products, announced that it will be revising its financial statements for the fiscal quarters ended March 31, 2005 and June 30, 2005 and amending and restating its quarterly reports on Form 10-QSB on file with the Securities and Exchange Commission for each of such quarters.

Sports-Stuff Announces Management and Business Update
Mon, 26 Sep 2005 12:15:00 -0400 EDT

SEATTLE, Wash. – September 26 (SEND2PRESS NEWSWIRE) — Sports-Stuff.com Inc. (OTC Pink Sheets: SSUF) is pleased to announce its new president, Mr. Kevin Day, effective immediately. A complete management team is being assembled and will be announced over the coming weeks.

Leatt Corporation Announces Motorsport South Africa Endorsement
Thu, 08 Sep 2005 05:58:00 -0400 EDT

CAPE TOWN, South Africa – September 8 (SEND2PRESS NEWSWIRE) – Leatt Corporation (OTC Pink Sheets LEAT / LEAT.pk), a Nevada Corporation headquartered in Cape Town, South Africa, that develops, sells and distributes the Leatt-Brace(tm), a Prophylactic Neck Brace System designed to prevent potentially devastating motor sport injuries to the cervical spine (neck), today announced that use of the Leatt-Brace(tm) has been endorsed by Motorsport South Africa (MSA).

City Network, Inc. Announces Definitive Agreements for Financing
Fri, 19 Aug 2005 04:23:00 -0400 EDT

TAIPEI, Taiwan – August 19 (SEND2PRESS NEWSWIRE) — City Network, Inc. (Amex: CSN), a company that designs, manufactures, and markets a comprehensive line of broadband and wireless Internet access solutions and consumer electronic products, announced today that it has entered a securities purchase agreement to sell to a United States accredited investor two secured convertible notes, each in $125,000 principal amount, maturing six months from their respective dates of issuance.

Lyamec Group Buys 3 Million USD of Grifco Common Stock
Mon, 15 Aug 2005 10:52:00 -0400 EDT

LOS ANGELES, Calif. – August 15 (SEND2PRESS NEWSWIRE) — The Lyamec Corporation, an investment related franchise and merchandising agreement corporation today announced that that it has finalized a 3 Million USD purchase agreement of Grifco (OTC: GFCI) common stock at 0.50 cents per share. This board-approved investment is fully supported by the growing demand for Grifco’s products and the recent acquisition of Global Oil Tools.

Grifco International Acquires Global Oil Tools and Global Libya Manufacturing Facility Project
Mon, 11 Jul 2005 07:28:00 -0400 EDT

HOUSTON, TX – July 11 (SEND2PRESS NEWSWIRE) — The Lyamec Corporation announced today that Grifco International’s (OTC Pink Sheets: GFCI) acquisition of Global Oil Tools for $4.5 million in cash and stocks has been finalized after intense negotiations involving Global Oil Tools, The Lyamec Corporation and American Finance Corp.

Capital Hill: Toiyabe Peaks Uranium Project
Fri, 08 Jul 2005 04:39:00 -0400 EDT

DENVER, Colo. – July 8 (SEND2PRESS NEWSWIRE) — Capital Hill Gold, Inc. (OTC BB: CHGI) reports that the Company has acquired a 100% interest in the Toiyabe Peaks Uranium project. The Toiyabe Peaks project covers sixty-two unpatented lode-mining claims (approximately 1,240 acres) on Federal lands administered by the Bureau of Land Management (“BLM”).

Cash Now CEO Miro Zecevic Interviewed by Wall Street Reporter Senior Analyst
Fri, 10 Jun 2005 03:53:00 -0400 EDT

FT. LAUDERDALE, Fla. – June 10 (SEND2PRESS NEWSWIRE) — Miro Zecevic, President of Cash Now Corporation (OTC Pink Sheets: CHNW), a pioneer and continuing leader in the payday loan and check-cashing industry, was interviewed Thursday June 9 2005 by a Wall Street Reporter Senior Analyst – further evidence of Cash Now’s growing presence among investors and on The Street.

Major Theme Parks and Attractions Sign Up with Cygnus, America Online ‘eTicketing’ Service
Tue, 31 May 2005 10:41:00 -0400 EDT

ORLANDO, Fla. – May 31 (SEND2PRESS NEWSWIRE) — Cygnus eTransactions Group, Inc. (OTC Bulletin Board: CYGT) today announced that major theme parks, water parks and attractions have signed up to provide eTicket sales through AOL(R) CityGuide, a leading provider of local entertainment information online, available free on the Web at aolcityguide.com.

Capital Hill Declares Stock Dividend
Wed, 25 May 2005 05:42:00 -0400 EDT

DENVER, Colo. – May 25 (SEND2PRESS NEWSWIRE) — Capital Hill Gold, Inc. (OTC BB: CHGI) announces a stock dividend on its common stock for shareholders of record at the close of business on May 31, 2005. Each holder of one share of Capital Hill Gold on the record date shall be entitled to receive three (3) additional shares of common stock. For example, if a holder owns a round lot of 100 shares he or she shall receive 300 additional shares. The payment date for the common stock dividend is set for June 7, 2005.

Nano Superlattice Technology Announces Completion of Nano-coating Mass Production Machinery
Wed, 04 May 2005 08:28:00 -0400 EDT

TAIPEI, Taiwan – May 4 (SEND2PRESS NEWSWIRE) — Nano Superlattice Technology Inc. (OTC BB: NSLT), a company engaged in the coating of tools and components with nano structured PVD coatings for the semiconductor, precision machinery and telecommunication industries, announced today the completion of the installation of Nano’s newest set of production machinery. The completion of the design and construction of this nano-coating machine is unique and represents the culmination of years of proprietary technology and scientific breakthrough by Nano’s research and development team led by Professor Dr. Wolf-Dieter Munz.

City Network Announces Purchase Order from Europe’s MCA Technology Inc. for Shipment of New MP3 Product Line
Wed, 04 May 2005 06:58:00 -0400 EDT

TAIPEI, Taiwan – May 4 (SEND2PRESS NEWSWIRE) — City Network, Inc. (Amex: CSN), a company that designs, manufactures and markets a comprehensive line of broadband and wireless Internet access solutions and consumer electronic products, today announced the expansion of the company’s marketing initiative in Europe. To accompany the growth in consumers 3C products demand, City Network is aggressively concentrating on the marketing and distribution of products in this trend. Recently, City Network received an official purchase order from MCA Technology Inc. for a version of its MP3 product line.

Payday Loan and Check-Cashing Leader Cash Now Offering Special Bulk Pricing and Flexible Plans for Entrepreneurs
Tue, 19 Apr 2005 04:31:00 -0400 EDT

FT. LAUDERDALE, Fla. — (SEND2PRESS NEWSWIRE) — Cash Now Corporation (CHNW.PK), a business aggregator and a pioneer in the sub prime payday loan lending and continuing leader in the payday loan and check-cashing industry, (www.cashnow.com) begins offering Enterprise Solutions for the payday loan and check cashing industry.

Visual Frontier Announces Agreement to Supply Slim CD-RW & DVD Combo Drive Product to Germany’s Eurobizz
Tue, 29 Mar 2005 06:42:00 -0400 EDT

TAIPEI, Taiwan /Send2Press Newswire/ — Visual Frontier Inc. (OTCBB: VFTR) announced today that it has agreed to terms with Eurobizz Marketing of Germany to distribute products to France. According to the agreement, Visual Frontier will supply various products to Eurobizz including a version of the slim CD-RW & DVD combo drive product line and also the Micro Drive (1-inch hard drive) which will be distributed under the brand names of Eurobizz’s customer(s) in France. These products will primarily be used to develop the notebook computer and retail consumer markets.

Visual Frontier Announces New Contract To Supply ‘Hot Swapper’ Product To Japan’s Third Wave Corporation
Fri, 18 Mar 2005 06:14:00 -0400 EDT

TAIPEI, Taiwan /Send2Press Newswire/ — Visual Frontier Inc. (OTCBB: VFTR) announced that it has signed a contract with Japanese electronics dealer Third Wave Corporation of Japan. Under the terms of the agreement, Visual Frontier will supply various products including a variation of the special ‘Hot Swapper’ product and also the Micro Drive (1-inch hard drive) to be distributed to customers throughout the Japanese market. The products are to be sold under brand names of Third Wave to its customers.

CSIRO Forms Alliance With Australian Thermal Desalination Company
Wed, 16 Feb 2005 09:29:00 -0400 EDT

STAPLYTON, Australia /Send2Press Newswire/ — CSIRO, Australia’s top scientific research organization has formed an alliance with thermal desalination specialist, Aqua Dyne Inc. (OTC:BB AQDY) to conduct research into water purification and water remediation, which will initially focus on the use of solar energy for water desalination.

Market Recognizing Value of Cash Now…/Corrected/
Thu, 13 Jan 2005 04:38:00 -0400 EDT

FT. LAUDERDALE, Fla. /Send2Press Newswire/ — Cash Now Corporation’s (OTC: Pink Sheets CHNW) banking services, which enable payday loan businesses to expand their customer base and revenues while reducing risks, are generating ‘significant’ interest in the marketplace, company officials say.

Tekron Targets Partners for 2008 Olympics in China
Tue, 04 Jan 2005 06:14:00 -0400 EDT

FORT LAUDERDALE, FL /Send2Press Newswire/ — Tekron, Inc. (OTCBB: TKRN) today announced that it will collaborate with Beijing Global Strategy Consulting Co. Ltd (‘Beijing Global Strategy’) (www.strategy4china.com), a leading business and investing consultancy firm focused on elaborating and implementing strategies for foreign and Chinese companies looking to do business in China. Since 2003, Beijing Global Strategy has provided a wide range of consulting services to Beijing State-Owned Assets Management Co., Ltd. mainly related to the 2008 Olympics in Beijing.

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