www.smallcapstockalert.com , Stocks On the Move: SOEN, MGMX, OCAI, GTXC, XKEM 1,514 words
6 June 2006
M2 Presswire
MTPW
English
(c) 2006 M2 Communications, Ltd. All Rights Reserved. Stocks To Watch: Solar EnerTech Corp. (OTCBB: SOEN), Metro Gold Mines Mineral Resources Inc. (PinkSheets: MGMX), OCA, Inc (PinkSheets: OCAI), GTX Global Corp (PinkSheets: GTXC), Xechem International, Inc. (OTCBB: XKEM) FEATURED STOCK: Solar EnerTech Corp. Ticker Symbol SOEN: Current Price (2.03) http://www.solarenertech.com Solar EnerTech Corp. Appoints Solar Manufacturing Veteran to Board MENLO PARK, CA, Jun 05, 2006 -- Solar EnerTech Corp. (OTCBB: SOEN) (the "Company") is pleased to announce the immediate appointment of Mr. Shi Jian Yin to the board of directors. Prior to joining Solar EnerTech in August of 2005 as Chief Operating Officer, Mr. Yin was the founder and General Manager of Shanghai TopSolar where he oversaw the development of the company's first solar cell product manufacturing line in Shanghai which currently generates revenues of one billion yuan per year. Mr. Yin's record of achievements includes the establishment of Guofei Technology Co. Ltd. of Shanghai Jiao Tong University, a pioneering Chinese enterprise developing aviation remote sensing technology. He subsequently went on to establish Agriculture and Biology Technology Co. Ltd. of Shanghai Jiao Tong University, focused on plant genome development and other biological manufacturing applications. Mr. Yin holds numerous patents at the state level in China. He has been awarded the prestigious "State Technology Progress Award" seven times, and was the honored recipient of the "Patent Worker of China" award in 1995. He also led a state research initiative encompassing "essential technology and lab research of efficient solar energy" sponsored by the Shanghai government during 2004-2005, during which time several significant technical breakthroughs resulted from the research developed by his team. He holds numerous patents and has been awarded several Science and Technology Awards by the Chinese government for his research accomplishments. Mr. Yin earned his MS (1992) and BS (1988) from Shanghai Jiao Tong University, majoring in Engineering and Material science and is an acknowledged specialist in Material Engineering, Design and Systems Engineering. ABOUT THE COMPANY Solar EnerTech is a wholly owned Photovoltaic (PV) solar energy cell manufacturing enterprise based in Shanghai, China where the Company is establishing a sophisticated 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park. Solar EnerTech plans to invest in PV cell research to develop higher efficiency cells -- and put the results of that research to use right away in the company's manufacturing processes. Led by one of the industry's top scientists, the company's R&D program will work towards bringing Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in the Silicon Valley region of Southern California. June 5, 2006--SmallCapVoice.com, Inc. today announced that a new audio interview is available at SmallCapVoice.com. The featured guest is Leo S. Young, President of Solar EnerTech Corp. (OTC BB:SOEN.OB). Mr. Young stopped by to discuss all of the Company's recent news as well as providing a strong outlook for the Company in 2006. The interview can be heard here at http://www.smallcapvoice.com/soen/soen-6-2-06.html . For in-depth analyst report please visit : www.smallcapstockalert.com Metro Gold Mines Mineral Resources Inc Ticker Symbol MGMX: Current Price (0.019) www.smallcapstockalert.com Metro Gold Mines Mineral Resources Inc. a precious metal mining company engaged in the acquisition and development of production properties in South and Central America. OCA, Inc Ticker Symbol OCAI: Current Price (0.3751) www.smallcapstockalert.com OCA, Inc. provides various operational, purchasing, financial, marketing, administrative, and other business services to the healthcare market in the United States and internationally. It also offers capital and proprietary information systems to approximately 200 orthodontic and dental practices representing approximately 400 offices. Its services include marketing to attract new patients, bill payment, human resources, financial reporting, software development, and practice enhancement consulting. The company was founded in 1985 and is based in Metairie, Louisiana. OCA has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in March 2006. The company operates its business as a debtor-in-possession. GTX Global Corp Ticker Symbol GTXC: Current Price (3.16) www.smallcapstockalert.com As of January 26, 2006, GTX Global Corp. was acquired by Yadio, Inc. in a reverse merger transaction. GTX Global Corp. develops IP multimedia technologies that enable the delivery of video, voice, data, and multimedia capabilities. The company offers fully supported IP multimedia applications that are customizable in feature and form. GTX Global Corp. was formerly known as Gatelinx Global Corp and Autoleasecheck Com, Inc. GTX Global Corp. is based in Henderson, Nevada. Xechem International, Inc Ticker Symbol XKEM: Current Price (0.026) www.smallcapstockalert.com Xechem International, Inc., a biopharmaceutical company, engages in the research, development, and production of generic and proprietary drugs from natural sources. Its principal product under development is NICOSAN/HEMOXIN, which would be used for the treatment of sickle cell disease. The company also applies its proprietary extraction, isolation, and purification technology to the production and manufacture of Paclitaxel, which is an anti-cancer compound used for the treatment of ovarian, breast, small cell lung cancers, and AIDS-related kaposi sarcomas. In addition, Xechem International engages in the research and development of other compounds using traditional medicinal plants, microbial fermentation, or semisynthesis to produce anti-cancer, anti-fungal, anti-viral, anti-inflammatory, anti-aging, and memory-enhancing compounds. It operates in the United States, India, the People's Republic of China, and Nigeria. The company was founded by Ramesh C. Pandey in 1994. Xechem International is headquartered in New Brunswick, New Jersey. Verify all claims and do your own due diligence. Iron Consulting profiles are not a solicitation or recommendation to buy, sell or hold securities. Iron Consulting 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. Iron Consulting 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), smallcapstockalert.com is owned and operated by Iron Consulting. Iron Consulting has received eighteen thousand dollars from Equity Alliance Intl. for its internet marketing services, from Equity Alliance Int. LLC for its marketing and consulting services. Neither Iron Consulting nor any of its affiliates, or employees shall be liable to you or anyone else for any loss or damages from use of this e-mail, 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 Iron Consulting 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 Iron Consulting statements and opinions and such statements and opinions cannot be considered independent. Iron Consulting 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. Iron Consulting services are often paid for using free-trading shares. Iron Consulting 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. M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data prepared by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com. Document MTPW000020060606e266005eh
Africa Needs a Strategy to Deal With Its New Friends by Dianna Games
814 words
5 June 2006
11:29 AM
All Africa
AFNWS
English
(c) 2006 AllAfrica, All Rights Reserved Johannesburg, Jun 05, 2006 (Business Day/All Africa Global Media via COMTEX) -- PEOPLE who routinely complain that news coming out of Africa in the international media is only bad news about conflict and disease appear to have missed the wealth of newspaper articles about China's "African safari", as Fortune magazine described it recently. Even though this phenomenon of the past two years or so is often portrayed as something negative, it has highlighted the fact that Africa is a place to do business and that there is a wealth of opportunities to be found on the continent. Western media reports seem to reflect an underlying concern that the Chinese are messing in the west's "playground", buying up everything in sight and raiding the available resources, while the traditional investors sit on their hands, waiting for the risks of investing in Africa to be addressed. Whether China's activities represent a threat or an opportunity to Africa was one of the key topics discussed at this year's World Economic Forum Africa Summit in Cape Town last week. The majority view from Africans was that the wave of Chinese investment was definitely an opportunity which, as one person said, helped the continent to "diversify the monopoly of investors". One delegate even suggested the failure of African countries to properly exploit a dialogue with the Group of Eight recently was the result of a strategic decision to shift their focus east. But despite the euphoria about having a major business partner that does not display the "arrogance" toward Africa of western investors ; that goes out of its way to be a friend to countries regardless of their political governance record; and one that actively solicits local partnerships, the question was raised repeatedly -- does Africa have a strategy for China? It was pointed out that everyone knows what China's strategy for Africa is. But what is Africa as a region doing to ensure this does not end up being what many pessimists have predicted -- another "scramble for Africa", a resources grab that will set Africa back in the long run? Concern about the lack of a strategy appears to centre on the speed and volume of China's activities in Africa. It relates also to China's potential to destabilise the global economy, not to mention the geopolitical framework. The continent's trade with both China and India has tripled in just a few years and continues to grow in leaps and bounds. Africa does not want to turn around when the boom is over and wonder what it really gained from the relationship. Formulating a strategy is necessary to ensure the sustainability of the current investments. South African Deputy President Phumzile Mlambo-Ngcuka suggested the export of African oil might be linked to Chinese investment in downstream industries, for example. A Nigerian delegate said western countries would be not be excluded from the opportunities on offer. It was pointed out that in the most recent bidding round for oil blocks in Nigeria, the process had been totally transparent and fair -- even though Chinese and Indian companies swept the board. But one should not forget the way China does business in Africa. The quest for minerals and energy sources is accompanied by large contracts to build roads, bridges, railway lines, telecommunications backbones and whatever else the country in question needs. So why wouldn't they win any bid on offer? That is not necessarily a downside. If African countries are getting the Chinese to revive moribund infrastructure projects, even if some of them are political white elephants, is it a bad thing? Someone was going to buy Africa's oil anyway. Getting a few bridges into the bargain helps. Of course, concerns about the effect of China's Africa shopping spree on governance remain. But even this was not widely viewed as a problem. China, delegates said, had had development experiences closer to those of African countries and its foreign policy of engagement with all comers had grown out of that. A more practical concern is whether African countries wanting to take full advantage of the business relationship actually have the capacity to respond to the opportunities, given the skills and infrastructure constraints most countries have. The pros and cons of China -- and, to a lesser extent, India's involvement in Africa -- have yet to become apparent. We are still in the process of finding out what the effect will be. But that there will be one is obvious. At a summit dedicated to growth in Africa and examining issues of African governance and economy, the names of two Asian countries tens of thousands of kilometres away were mentioned much more often than all 54 African countries put together. Games is director of Africa @ Work, a research and publishing company. Document AFNWS00020060605e2650023k
Militants Kidnap 8 Foreign Oil Workers by Emma Amaize, Regional Editor, South-South, Sam Oyadongha, & Emma Arubi
1,378 words
5 June 2006
08:45 AM
All Africa
AFNWS
English
(c) 2006 AllAfrica, All Rights Reserved Yenagoa, Jun 03, 2006 (Vanguard/All Africa Global Media via COMTEX) -- EIGHT foreign oil workers of an indigenous oil company, Sea Petroleum, were kidnapped in the early hours of yesterday at Bilabiri, an Ijaw community in Koa Kingdom, Ekeremor local government of Bayelsa state by armed militants supposedly from the Iduwini Volunteer Force (IVF). The foreigners included six Britons, one Canadian and one American. They were abducted by the militants while on duty off-shore. President Olusegun Obasanjo had since gone into action to secure the quick release "unharmed" of the oil workers. "Obasanjo has been apprised of the situation," said Mrs. Oluremi Oyo, Obasanjo's spokeswoman. "The kidnap is as a result of a problem between the host community and the oil company. The President is already working to ensure that the hostages are freed unharmed and at the quickest time possible." Commander of the Joint Task Force (JTF) in the Niger-Delta, Brigadier-General Alfred Ilogho confirmed the kidnap of the expatriates when contacted by Saturday Vanguard on phone, yesterday afternoon, saying that the Task Force was monitoring the development. As at yesterday, soldiers, policemen and naval men in the Task Force had been put on red alert by the Commander. The Bayelsa State Police Command's spokesman, Iniobong Ibokette, an Assitant Superintendent of Police (ASP) also told Saturday Vanguard that the command was aware of the kidnap and was doing everything possible to handle the situation. However, the Bayelsa State Government stepped into the matter, yesterday, with a view to securing the release of the hostages. Officials of the government were said to be meeting with some groups, among them, the Iduwini National Movement for Peace and Development, headed by Comrade Manse T.I.T. Manse at about 3.20 p.m. to facilitate the release of the expatriates and ensure their safety. Available information indicated the hostages were being well taken care of by their abductors who promised not to harm them as long as the company entered into negotiation with them on their demands. The latest batch of eight foreign oil workers were kidnapped five months after four hostages were kidnapped in Bayelsa State in January, and four months after nine were abducted in Delta State. The militants who kidnapped the Bayelsa-4 demanded among other things the release of former governor of the state, Chief Diepreye Alamieyeseigha and the leader of the Niger Delta Peoples Volunteer Force, Alhaji M. Asari-Dokubo who is facing treason charges, while the Delta-Nine were abducted by the Movement for Emancipation of the Niger-Delta as human shields for the bombardment of Ijaw communities by soldiers of the JTF. The American held hostage was named as Texas Richards, just as the spokesman of the Canadian Department of Foreign Affairs, Ambra Dickie, confirmed in an official statement that one Canadian was among the hostages. The JTF boss also asserted that "we are trying to establish contact with them and we believe that very soon, we will be able to reach them and secure the release of the hostages". Reports available to this paper indicated that the militants seized the workers in protest over what they described as the unco-operative attitude of the company, which has allegedly refused to enter into negotiation with them in the area of employment, contract and provision of social amenities since it started operation in the area. The Bayelsa state government was said to have swung into action, yesterday, as soon as the news of the kidnap got to it but the kidnappers remained incommunicado. As at press time, yesterday, its rescue team was preparing to venture into the creeks but efforts by Saturday Vanguard to reach the self-styled Commander of the IVF, Johnson Biboye proved abortive. However, it was gathered that the Iduwini militants have been having a running battle with the oil company for some months now. They have the support of the three kingdoms, namely Mein, Iduwini and Koa, which constitute the Ekeremor local government council with six oil fields, including Tunu, Ogbotobo, Agbamu, E.A Field, and Bonga, producing about 750,000 barrels of oil per day. It was learnt that efforts by the youths leadership of the area to have audience with the company before the present development was frustrated by some officials of the company who did not allow them entrance. The company, which was reportedly into supplies of AGO to the Chevron Oil Company before venturing into oil prospecting after securing a license for an oil block in the area, allegedly maintained that it was operating in the high seas. Brigadier Ilogho, nevertheless, said that the JTF has been able to establish that the kidnap was not the handiwork of the Movement for the Emancipation of the Niger-Delta (MEND), adding that he has enlisted the services of some Ijaw youth leaders and groups to reach the kidnappers. He said the little information available to the JTF was that the kidnappers who he said were not militants, were having problems with the company over working relationship. Police spokesman Haz Iwendi, yesterday, also confirmed the kidnapping of the eight foreign oil workers. "Eight workers of TEC petroleum company were kidnapped from an oilfield where they were working," he said. "They are six Britons, one American and one Canadian." Iwendi said the incident "took place at Bilabiri near Dodo river in Ekeremor local government area" of southern Bayelsa State. "Nobody has claimed responsibility yet and no ransom asked," he added. "We combine the efforts of the security agents and we are on their trail and trying to secure their release as soon as possible." Norwegian company Fred Olsen Energy said earlier that the eight were seized in a dawn raid on an offshore oil rig it operates some 20 kilometres (12 miles). Kidnappings of foreign workers have become increasingly frequent occurrences in the oil-rich Niger Delta by militants fighting for local control of the region's resources. DIARY OF KIDNAPS 2003: Troops are sent to the oilfields amid clashes between rival Ijaw and Itsekiri groups. Around 30 people die. In April, militants seize four Niger Delta oil rigs, taking some 270 people hostage, 97 of them foreigners. After negotiations, the hostages are released. 2004: Five Nigerians and two Americans working for ChevronTexaco are killed by pirates in the Niger Delta. Fighting between groups seeking to control the oilfields leaves some 500 people dead in Port Harcourt and surrounding regions, according to Amnesty International. In October, the groups reach a ceasefire agreement. 2005: Six oil workers including two Germans are kidnapped, then freed three days later. 2006 January: Separatist gunmen kidnap four foreign oil workers and blow up a pipeline feeding an export terminal. Five days later, gunmen shoot dead several troops and attack a Shell oil plant. The four foreigners -- an American, a Briton, a Bulgarian and a Hungarian -- are freed at the end of the month, but the group threatened to take further hostages. February: An armoured government helicopter is brought in to fire on barges being used to smuggle oil near a separatist militant base. Militants strike back later, firing on the aircraft. Separatists kidnap nine foreigners -- three Americans, one Briton, two Egyptians, two Thais and a Filipino -- working for a Shell subcontractor. The attack forces Shell to suspend exports from a major terminal. Six of the hostages are freed after a week, but the other three are held until late in March. April: The US firm ExxonMobil briefly evacuates non-essential staff from its Nigerian oil installations due to fear of an attack by militants. At the end of the month, separatists militants used a car bomb to attack oil tanker trucks, and warn China not to invest in the Nigerian oil industry. May: Three foreign oil workers, one an Italian, are seized but released after a day. A Nigerian court orders Shell to pay 1.5 billion dollars in compensation to the Ijaw people of the Niger Delta for environmental damage, but the company says it is appealing the ruling. June 2: Militants abduct six Britons, an American and a Canadian from a Norwegian-run drilling rig off the coast of Bayelsa state. Document AFNWS00020060605e265000xo
Leo S. Young, President of Solar EnerTech Corp., DIscusses Recent News in an Audio Interview at SmallCapVoice.com 1,372 words
5 June 2006
M2 Presswire
MTPW
English
(c) 2006 M2 Communications, Ltd. All Rights Reserved. Stocks To Watch: Solar EnerTech Corp. (OTCBB: SOEN), CRSI Group, Inc. (PinkSheets: CRSX), Stonebridge Resources Exploration Ltd (PinkSheets: SBRX), Xechem International, Inc (OTCBB: XKEM), Beacon Power Corporation (Nasdaq: BCON) FEATURED STOCK: Solar EnerTech Corp. Ticker Symbol SOEN: Current Price (2.03) http://www.solarenertech.com Leo S. Young, President of Solar EnerTech Corp, Discusses Recent News in an Audio Interview at SmallCapVoice.com Tuesday May 9, 8:00 am ET AUSTIN, Texas - SmallCapVoice.com, Inc. today announced that a new audio interview is available at SmallCapVoice.com. The featured guest is Leo S. Young, President of Solar EnerTech Corp. (OTC BB:SOEN.OB). Mr. Young stopped by to discuss all of the Company's recent news as well as providing a strong outlook for the Company in 2006. The interview can be heard here at http://www.smallcapvoice.com/soen/soen-6-2-06.html . ABOUT THE COMPANY Solar EnerTech is a wholly owned Photovoltaic (PV) solar energy cell manufacturing enterprise based in Shanghai, China where the Company is establishing a sophisticated 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park. Solar EnerTech plans to invest in PV cell research to develop higher efficiency cells -- and put the results of that research to use right away in the company's manufacturing processes. Led by one of the industry's top scientists, the company's R&D program will work towards bringing Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in the Silicon Valley region of Southern California. For in-depth analyst report please visit : www.growthstockanalyst.com Ticker Symbol CRSX: Current Price (1.50) www.growthstockanalyst.com CRSI Group, Inc., through its subsidiaries, engages in recruiting, training, and placing medical personnel, primarily nurses. It recruits nurses in countries where the number of trained nurses exceeds the demand for nurses, and finds employment for the nurses in countries where the demand for skilled nurses exceeds the number available. The company also provides resources and support to nurses worldwide, with a primary focus on nurses recruited by it. The company was formerly known as Abcor Products, Inc. and changed its name to CRSI Group, Inc. in August 2005. CRSI Group is based in New York city. Ticker Symbol SBRX: Current Price (1.01) www.growthstockanalyst.com Stonebridge Resources Exploration Ltd. is primarily engaged in the acquisition and development of oil and gas assets in continental North America. Stonebridge intends to continue to acquire in the oil and gas field and hopes to rework the new assets with technology to increase production and expand reserves. Ticker Symbol XKEM: Current Price (0.0195) www.growthstockanalyst.com Xechem International, Inc., a biopharmaceutical company, engages in the research, development, and production of generic and proprietary drugs from natural sources. Its principal product under development is NICOSAN/HEMOXIN, which would be used for the treatment of sickle cell disease. The company also applies its proprietary extraction, isolation, and purification technology to the production and manufacture of Paclitaxel, which is an anti-cancer compound used for the treatment of ovarian, breast, small cell lung cancers, and AIDS-related kaposi sarcomas. In addition, Xechem International engages in the research and development of other compounds using traditional medicinal plants, microbial fermentation, or semisynthesis to produce anti-cancer, anti-fungal, anti-viral, anti-inflammatory, anti-aging, and memory-enhancing compounds. It operates in the United States, India, the People's Republic of China, and Nigeria. The company was founded by Ramesh C. Pandey in 1994. Xechem International is headquartered in New Brunswick, New Jersey. Ticker Symbol BCON: Current Price (1.57) www.growthstockanalyst.com Beacon Power Corporation, a development stage company, together with its subsidiaries, engages in the design, development, configuration, and sale of products and services to support electricity grid operation. The company's sustainable energy storage and power conversion solutions provide electric power for the utility, renewable energy, and distributed generation markets in the United States. Its products include Smart Energy matrix and Smart Power M5 inverter system. The company's Smart Energy matrix is a modular and flywheel-based energy storage system designed for use in grid frequency regulation and other distributed generation applications. The Smart Power M5 inverter system for the photovoltaic energy market converts direct current generated by solar cells from sunlight into alternating current required by residential and commercial users for operating electrical devices. The company also offers Smart Energy 25 system for energy storage solution and Smart Energy 6 system for remote terminal power backup for the telecommunications industry and various applications for cable television, wireless, and broadband companies. Beacon Power was founded in 1997 and is headquartered in Wilmington, Massachusetts. Verify all claims and do your own due diligence. Iron Consulting profiles are not a solicitation or recommendation to buy, sell or hold securities. Iron Consulting 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. Iron Consulting 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), growthstockanalyst.com is owned and operated by Iron Consulting. Iron Consulting has received eighteen thousand dollars from Equity Alliance Intl. for its internet marketing services, from Equity Alliance Int. LLC for its marketing and consulting services. Neither Iron Consulting nor any of its affiliates, or employees shall be liable to you or anyone else for any loss or damages from use of this e-mail, 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 Iron Consulting 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 Iron Consulting statements and opinions and such statements and opinions cannot be considered independent. Iron Consulting 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. Iron Consulting services are often paid for using free-trading shares. Iron Consulting 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. M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data prepared by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com. Document MTPW000020060605e265004hc
Daily Market Movers Digest Stock Alerts, Monday, June 5th, HRZO, XKEM, NEOM, AOOR, COPY 2,476 words
5 June 2006
M2 Presswire
MTPW
English
(c) 2006 M2 Communications, Ltd. All Rights Reserved. Today our stock watch alerts today include stock alerts for Horizon Offshore, Inc. (OTCBB: HRZO), Xechem International, Inc. (OTCBB: XKEM), NeoMedia Technologies, Inc. (OTCBB: NEOM), Apollo Resources International, Inc. (OTCBB: AOOR), and CopyTele, Inc. (OTCBB: COPY) OTC STOCK ALERTS HORIZON OFFSHORE, INC. (OTCBB: HRZO) "Up 7.16% at close on Friday" Detailed Quote: http://www.otcpicks.com/quotes/HRZO.php Horizon Offshore, Inc. (OTCBB: HRZO) and its subsidiaries provide marine construction services for the offshore oil and gas, and other energy related industries in the United States, Gulf of Mexico, Latin America, Southeast Asia, and West Africa. Its marine construction services include laying, burying or repairing marine pipelines; providing hook-up and commissioning services; installing production platforms and other structures; and disassembling and salvaging production platforms, and other structures. As of December 31, 2005, the company's fleet consisted of 9 vessels. Horizon Offshore was incorporated in 1995 and is headquartered in Houston, Texas. XECHEM INTERNATIONAL, INC. (OTCBB: XKEM) "Up 45.45% at close on Friday" Detailed Quote: http://www.otcpicks.com/quotes/XKEM.php Xechem International, Inc. (OTCBB: XKEM), a biopharmaceutical company, engages in the research, development, and production of generic and proprietary drugs from natural sources. Its principal product under development is NICOSAN/HEMOXIN, which would be used for the treatment of sickle cell disease. The company also applies its proprietary extraction, isolation, and purification technology to the production and manufacture of Paclitaxel, which is an anti-cancer compound used for the treatment of ovarian, breast, small cell lung cancers, and AIDS-related kaposi sarcomas. In addition, Xechem International engages in the research and development of other compounds using traditional medicinal plants, microbial fermentation, or semisynthesis to produce anti-cancer, anti-fungal, anti-viral, anti-inflammatory, anti-aging, and memory-enhancing compounds. It operates in the United States, India, the People's Republic of China, and Nigeria. The company was founded by Ramesh C. Pandey in 1994. Xechem International is headquartered in New Brunswick, New Jersey. XKEM News: June 1 - Xechem's Subsidiary -- Xechem Pharmaceuticals Nigeria -- Receives N150 Million Naira ($1.2 Million) Loan from NEXIM Bank Xechem International, Inc. (OTC BB: XKEM) announced today that its Nigerian subsidiary, Xechem Pharmaceuticals Nigeria Ltd. (Xechem Nigeria), has successfully closed on a N150 Million Naira ($1.2 million) loan from the Nigerian Export-Import (NEXIM) Bank. The loan has a three year term, with a moratorium on repayment of principal during the first year. Xechem International is neither a borrower nor a guarantor under the loan facility in this transaction. Proceeds Earmarked For Expanding Production Facility For NICOSAN(TM) In Abuja The money received by Xechem Nigeria is to be used primarily to facilitate the expansion of its facility for the commercial scale production of NICOSAN(TM), its promising Sickle Cell drug. At the signing ceremony held at NEXIM's headquarters in Abuja, Nigeria, Dr. Ramesh Pandey, Chairman and CEO of both Xechem International and Xechem Nigeria, said, "The loan will enable the company to immediately begin construction of buildings needed to expand its commercial scale production facility in Abuja. It is a proud moment not only for Xechem Nigeria, but for the whole of Nigeria as well. By taking this giant step with us, NEXIM Bank has confirmed to the world the great confidence it has in this project. This will not only accelerate Xechem's efforts in bringing NICOSAN(TM) to the market, but will also help build international esteem for Nigeria and the changing investment climate in that country. We are extremely gratified that we can now embark on our much needed expansion, and are particularly excited that we can do so with locally generated funds from a respected and reputable local bank." The Chairman of NEXIM Bank, who is also Deputy Governor of Central Bank of Nigeria, Mr. Tunde Lemo, complimented Xechem for coming to Nigeria and setting up the facility to produce NICOSAN(TM) to treat an African disease for which there is no drug in the market. Speaking of the dignitaries in attendance at the signing ceremony, Dr. Pandey added: "I am very pleased and happy to see Professor A.B.C. Nwosu, the former Honorable Health Minister, at this ceremony. It was during his tenure that Xechem obtained the exclusive worldwide license for NICOSAN(TM) from the National Institute for Pharmaceutical Research and Development (NIPRD). I am also honored to see among those in attendance the Hon. Prof. Turner Isoun, Nigeria's Minister of Science and Technology. From the beginning, he has been extremely supportive of our efforts and we are forever grateful for the interest he has taken in what we are doing in Nigeria." Among the other dignitaries present at the May 22nd signing ceremony at NEXIM Bank building in Abuja were: MD & CEO of NEXIM Bank, Alhaji Baba Yusuf Ahmed; The Minister of State for Finance (represented); The Director General of Sheda Science & Technology, Dr. Ayo Coker; Mr. Alhaji Tijani, Director General & CEO of Abuja Development Corporation, representing The Chairman of the Federal Capitol of Nigeria. Drug To Be Launched In Nigeria Following NAFDAC Approval As previously reported by Xechem International, Xechem Nigeria has submitted its Drug Master File (DMF) dossier with Nigeria's drug regulatory agency, the National Agency for Food and Drug Administration and Control (NAFDAC), seeking full registration for NICOSAN(TM). It is currently awaiting final word from that agency on its submission. Subject to the necessary approvals, Xechem has indicated that it would like to launch the drug in Nigeria by early July 2006, and shortly thereafter to embark on the clinical trials in the US hospitals for FDA approval through the Investigational New Drug (IND) Application for sale of the drug in the United States. NEOMEDIA TECHNOLOGIES, INC. (OTCBB: NEOM) "Up 6.82% at close on Friday" Detailed Quote: http://www.otcpicks.com/quotes/NEOM.php NeoMedia Technologies, Inc. (OTCBB: NEOM) develops proprietary technologies that link physical information and objects to the Internet. It also develops a patent portfolio covering convergence of the physical world and the Internet. The company operates through two units, NeoMedia Internet Switching Software and NeoMedia Micro Paint Repair. The NeoMedia Internet Switching Software unit engages in the development and support of Internet technology, including its linking switch and application platforms. This unit also manages intellectual property portfolio, including the identification and execution of licensing opportunities surrounding the patents. The NeoMedia Micro Paint Repair unit offers products and services for interior and exterior automotive rejuvenation. This unit also distributes other manufacturers' automotive aftermarket products to customers worldwide. In addition, the company offers PaperClick mobile marketing services, a tool that allows global marketers and advertising agencies to have one-on-one contact with consumers through cell phones and other mobile wireless devices. It principally operates in the United States and Canada. NeoMedia was founded in 1989 and is headquartered in Fort Myers, Florida. APOLLO RESOURCES INTERNATIONAL, INC. (OTCBB: AOOR) "Up 5.26% at close on Friday" Detailed Quote: http://www.otcpicks.com/quotes/AOOR.php Apollo Resources International, Inc. (OTCBB: AOOR), through its subsidiaries, engages in the production and transportation of oil and gas, as well as in the development of alternative fuels. The company owns interests in 151 wells located in the Four Corners area of New Mexico. It focuses on the oil production, as well as on the development of approximately 10 billion cubic feet of natural gas reserves. As of December 31, 2004, the company had approximately 1.5 million barrels of oil in recoverable reserves associated with its fields. Apollo Resources International also has approximately 1,800 miles of pipeline, which primarily serves the Woodford Shale and Coal-Seam Gas play in south-central Oklahoma and Osage County, Oklahoma. In addition, it is developing propane fuel substitute that involves hydrogen-fuel technologies. The company also produces, blends, and distributes bio-diesel fuels, which are derived from vegetable oils and are readily mixed with fossil-fuel-based diesel. Apollo Resources International is based in Dallas, Texas. COPYTELE, INC. (OTCBB: COPY) "Up 19.28% at close on Friday" Detailed Quote: http://www.otcpicks.com/quotes/COPY.php CopyTele, Inc. (OTCBB: COPY) engages in the development, production, and marketing of multifunctional encryption products that provide information security for domestic and international users over communications media. 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BRIEFING - ASIA ENERGY - JUNE 5, 2006 1,509 words
5 June 2006
Asia Pulse
APULSE
English
(c) 2006 Asia Pulse Pty Limited An executive briefing on energy for June 5, 2006, prepared by Asia Pulse ( http://www.asiapulse.com ), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. TATA POWER PULLS OUT OF RACE FOR HYDROPOWER CO IN AUSTRIA MUMBAI - Its been a tough time for Indian brick and mortar companies that are looking to acquire overseas firms, with Tata Power (BSE:500400) joining the club of companies that have faced resistance or had to back out of a takeover deal abroad due to opposition by local groups. Tata Power gave up its bid for Siemens' hydropower business in Austria after local groups insisted that European firms should remain with local entities. S. KOREA SEEKING TO OPERATE OIL FIELDS IN NIGERIA SEOUL - South Korea is seeking to operate Nigerian oil fields as part of its plan to attain greater energy sufficiency, the government said Monday. In a meeting with Nigerian Petroleum Minister Edmund Daukoru, Chung Sye-kyun, Seoul's industry and energy minister, said South Korean companies want to win the right to operate oil fields. TAXIS TO BE FORCED TO CONVERT TO GAS IN JAKARTA: MINISTER JAKARTA - The government hopes to implement a regulation requiring all taxi cabs in Jakarta to use gas fuel, which will be effective from later this year. The move showcases the government's determination to economize on oil amid spiralling international prices for the commodity. The government will provide subsidize the cost of modifying the cabs to enable them to run on gas, Chief Economics Minister Boediono revealed last week. FOREIGN BIDDERS WIN RIGHTS TO FOUR OIL BLOCKS IN INDONESIA JAKARTA - Foreign bidders won tenders for a number of offshore oil and gas blocks offered by the government. Petronas Carigali Overseas Sdn Bhd, Husky Energy Int Company, Exxon Mobil and Marathon Int Petroleum Indonesia Ltd-Talisman (Asia) won the tender for LamPung II block in Lampung, East Bawean block in East Java, Sarumana block in Makasar and Pasangkayu blok in Makasar, respectively. EXPLOSIVES READY TO DEMOLISH LAST THREE GORGES COFFERDAM WUHAN - A network of electronic triggers was completed on Sunday for the demolition of the last cofferdam protecting the Three Gorges dam, the world's largest, in central China. "About 192 tons of dynamite was set in place from May 27 to June 2 and all the preparations are ready," said Song Ling, general manager of Chongqing Gezhouba Yipuli Chemical Co., which is in charge of the blasting. CHAVEZ CALLS FOR CLOSER TIES BETWEEN VENEZUELA AND IRAN TEHRAN - Venezuelan President Hugo Chavez yesterday called for expansion of Tehran-Caracas relations. In a meeting with Iranian Oil Minister Kazem Vaziri-Hamaneh on the sidelines of the 141st extraordinary session of the Organization of Petroleum Exporting Countries (OPEC) in Caracas, Chavez also received a written message from his Iranian counterpart President Mahmoud Ahmadinejad. CNOOC SIGNS US$1.6 BLN LOAN PACT FOR NIGERIA OIL PROJECT BEIJING - China National Offshore Oil Company Limited (CNOOC Ltd, HKSE:0883) announced on Friday that its wholly owned subsidiary, CNOOC China Limited, has signed a loan agreement with Export and Import Bank of Chinato fund an oil project in Nigeria. The 12.8 billion yuan (US$1.6 billion) loan will be used for the company's operations in Nigeria and for general capital expenditure for other projects, said CNOOC Ltd. in a statement. LIGHTS BACK ON IN NIUE, BUT LONG TERM SOLUTION NEEDED ALOFI - Power has been partially restored to the tiny island nation of Niue after a fire wiped out the country's entire power supply six days ago, TVNZ reports. The New Zealand Air Force's Hercules was despatched to Niue on Saturday with an emergency generator. ARROYO ORDERS PROPAGATION OF JATROPHA PLANT AS ENERGY SOURCE LAUR - Philippine President Gloria Macapagal-Arroyo ordered Saturday the Department of Energy (DoE) to widen the propagation of Jatropha plants not only in military camps but also in all available public lands in the country. The President issued the directive to Energy Secretary Raphael Lotilla when she visited and inspected the 35-hectare Jatropha plantation inside Fort Magsaysay. PHILIPPINES APPROVES US$140.4 MLN WORTH OF PROJECTS MANILA - The National Economic and Development Authority (NEDA) Board has approved two priority projects with a combined cost of P7.4 billion (US$140.4 million). Given the go-signal for implementation are the P6-billion Project on Forestland Management (PROFORM) and the P1.4 billion Northern Panay Backbone 138 kilovolt (kV) Transmission Project. SEOUL TO LAUNCH 'COOL BIZ' CAMPAIGN TO CUT ENERGY USE IN SUMMER SEOUL - South Korea's Environment Ministry said Friday it will launch a campaign next week urging government officials to leave ties and jackets at home during the summer months. The so-called "Cool Biz" casual attire campaign, due to start on Monday, is part of Seoul's efforts to cut back on the huge amounts of power consumed by air conditioning units during the summer. GAIL INDIA SELLS ENTIRE ALGERIA LNG CARGO NEW DELHI - State-owned GAIL India Ltd (BSE:532155) on Friday said it had sold the entire quantity of an LNG spot cargo bought from Algeria. The LNG, equivalent to 80 MMSCM of natural gas, was sold to NTPC, Delhi Vidyut Board, Birla Copper and some others. AUSTRALIA'S ADVANCE ENERGY ON LOOKOUT FOR OIL IN TEXAS PERTH - New oil and gas developer Advance Energy Ltd (ASX:AVD) is on the lookout for black gold in Texas after a smooth listing on the Australian Stock Exchange. The Advance initial public offering was oversubscribed, raising a total of A$6 million (US$4.47 million). CHINA WON'T LIFT CURRENT JET FUEL SURCHARGE IN NEAR FUTURE BEIJING - China's National Development and Reform Commission (NDRC) announced on May 30 that China would not lift the current jet fuel surcharge in the near future. Due to a jet fuel price rise of 500 yuan (US$62) per ton on May 24, China's top three airlines, Air China (HKSE:0753), China Southern Airlines (HKSE:1005, SSX:600029) and China Eastern Airlines (HKSE:0670, SSX:600115) have urged the government to raise the fuel surcharge to 50 yuan per person for domestic routes shorter than 800 kilometres and to 100 yuan for longer domestic routes to alleviate their cost pressure. AEC WORKING TO BOOST TAIWAN'S 'SELF-PRODUCED' ENERGY SOURCES TAIPEI - As Taiwan relies on imports to meet 98 per cent of its energy needs, the Atomic Energy Council (AEC) is working on a "blueprint on future power supply" with the aim of boosting the ratio of Taiwan's "self-produced" energy supplies from the current 2 per cent to 30 per cent by 2050, an AEC official said Thursday. According to an AEC report, currently, coal plants comprise 43.15 per cent of Taiwan's power supply, nuclear plants 20.9 per cent, natural gas ones 19.14 per cent, oil ones 6 per cent, cogeneration plants 7.17 per cent, while renewable energies comprise 3.61 per cent. TAIWAN'S GREEN ISLAND TO HAVE 100% RENEWABLE ENERGY BY 2035 TAIPEI - The Atomic Energy Council (AEC) is planning to renovate power-generating systems on Green Island by using renewable energy sources rather than non-renewable fuels, in hopes of making the outlying island truly "green" by the year 2035, an AEC official said Thursday. The official said that currently, there are only coal-power units on Green Islands, which are not only costly but also environmentally unfriendly. RUSSIA'S REAPPRAISAL OF SAKHALIN DEALS MAY AFFECT SINOPEC PLANS BEIJING - Asia's top refiner, Sinopec has received approval to open an office in Sakhalin to drill an appraisal well with Rosneft, Russia's state oil company in Veninsky area from June of this year. However, Russia's Natural Resource Ministry stated last week that Russia's State Duma (the lower house) should re-examine the agreement on developing oil and gas resources in Sakhalin Island, which was inked in 2005. PTT BEGINS SUBSIDIZING DIESEL PRICE FOR TRANSPORT SECTOR BANGKOK - PTT Public Company Limited (SET:PTT), Thailand's petroleum giant, has begun subsidizing the diesel price at Bt1 per litre for operators of the local transport sector, the company's president, Prasert Bunsumpun, said here on Thursday. The diesel price subsidy for city and inter-provincial passenger buses run by the Bangkok Mass Transit Authority (BMTA) and the Transport Company Limited has been implemented since May 15, while that for trucks has been implemented since June 1, according to Mr. Prasert. AUSTRALIA'S ARROW TO TAKE STAKE IN PURE ENERGY RESOURCES MELBOURNE - Coal seam gas producer Arrow Energy Ltd (ASX:AOE) is to take a strategic stake in explorer Pure Energy Resources Ltd before its lists on the Australian Stock Exchange. Pure Energy, which plans to list within a few months, has five coal seam gas exploration tenements in Queensland's Bowen Basin and another permit in Eastern Tasmania. (C) Asia Pulse Pte Ltd. CONTACT: Asia Pulse Production Centre