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Helix Wind Corp. (OTCBB: HLXW), a global renewable energy company, announced today that in cooperation with its distributor EDAL Re, Inc., Buenos Aires, it will provide 90 to 100 wind turbines as part of an estimated $9.5 million rural electrification and off-grid generation project in Jujuy, Argentina, being financed by the World Bank.
Starting February 2010, EDAL RE will install 15kW power islands, designed by its engineers, combining photovoltaic arrays and Helix Wind S594 vertical axis wind turbines to replace 2.3MW of fossil thermal generation. The provision of the turbines to the project is subject to successful completion of standard testing.
The project is part of the World Bank's Renewable Energy in the Rural Market Project (PERMER), an innovative program providing clean energy to rural communities in Argentina. Jujuy Province is located in Northwestern Argentina, abutting Chile and Bolivia.
Javier Wolcoff, director of EDAL RE, said, "Wind turbines are the perfect complement to the project's solar arrays since the most predominant winds in the high desert occur once the sun goes down. Helix Wind offers a robust, reliable turbine that can withstand the brutal northwest Argentinean winds, is easy to install in remote locations and requires little to no maintenance." "EDAL Re was the very first company to sign a distributorship agreement with Helix Wind, and as a result, holds the right to commercialize Helix Wind turbines in much of South America and Netherlands Antilles," said Ian Gardner, Helix Wind CEO. "We're excited to be working with EDAL to develop renewable energy solutions for Jujuy Province." "Not only are we excited about the prospect of replacing diesel generators with clean, renewable energy," said Lic. Fernando Frias, Minister of Planning, Development and Infrastructure of Jujuy, "but we are also proud to be bringing advanced technologies to remote places in our province. This will contribute to providing clean energy to our population (and the obvious development that comes with it) and broaden their minds to include a new world of possibilities." About Helix: Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at [link widoczny dla zalogowanych]
About EDAL RE: EDAL RE is provides turnkey renewable energy solutions, energy efficiency strategies and carbon footprint reduction. We have a fundamental commitment to the development of economically sustainable projects and insist on the highest social and environmental standards. We believe that the most important legacy we can leave our children is a clean planet, free of contaminants and with natural evolution processes, leaving behind the anachronism of fossil fuel dependence.
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to attract and retain management and field personnel with experience in the small wind turbine industry, our ability to raise capital when needed and on acceptable terms and conditions, the intensity of competition and general economic factors. The actual results Helix Wind may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Helix Wind encourages the public to read the information provided here in conjunction with its most recent filings, which may be viewed at [link widoczny dla zalogowanych]
Healthy Coffee Starts Pre-Launch in Australia, New Zealand and Samoa and Now Has a Total of Close to 8,000 Independent Distributors
Healthy Coffee International, Inc.announced that as of October 31, 2009, its marketing subsidiary Healthy Coffee USA, Inc. started its pre-launch in Australia, New Zealand, Samoa and now has a total of close to 8,000 independent distributors, which generated total revenues of almost $1 million.
Rick Aguiluz, architect of the Healthy Coffee concept and CEO of Healthy Coffee International commented: "After we opened our Yorba Linda,[link widoczny dla zalogowanych], California sales office/warehouse, and we pre-launched sales activity in the USA market, we have created a lot of buzz in the direct sales industry, and we are now attracting sales leaders from all over the country. Because of this, we are confident that we should be able to achieve our target of $1 million per month sales ahead of schedule." ABOUT HEALTHY COFFEE INTERNATIONAL, INC.
Healthy Coffee International, Inc., category creator of Healthy Coffee, is focused on bringing health to the world's largest and most popular drink, coffee. The company's proprietary formulas combine the health benefits of Ginseng, Reishi Mushroom, and other top quality ingredients with the world's finest coffee beans to create a line of deliciously healthy instant gourmet coffee drinks. Healthy Coffee is well positioned in the market place at the intersection of three mega-billion dollar industries: coffee, wellness and energy drinks, and has quickly established offices in 9 countries and distributors in 29 other countries through its marketing subsidiary Healthy Coffee USA, Inc. (www.HealthyCoffee.com) which uses a simple and unique Internet-driven international business model that allows the average person to own and operate a local, national, or international coffee distribution or coffee house business with very little capital investment or overhead. For more information, visit [link widoczny dla zalogowanych]
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Healthy Coffee International, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Zevotek Announces Settlement With Former Officer That Eliminates $490,000 Liability
a worldwide direct marketer and distributor of innovative personal and home care items, today announced that on November 25, 2009 it entered into a settlement agreement with its former CEO pursuant to which it extinguished an outstanding liability of approximately $490,000 in unpaid compensation and severance in exchange for the issuance of 30,000,000 shares of its common stock. Based upon the November 25, 2009 closing price, the stock payment had a value of approximately $63,000. In addition, under the terms of the Settlement Agreement, Zevotek obtained a full release from its former CEO for any and all past or future claims against it or its subsidiaries.
"The settlement eliminated the single largest liability on Zevotek's books, one that represented about 33% of Zevotek's current liabilities as reported on the September 30, 2009 balance sheet," said Adam Engel, CEO of Zevotek. "Zevotek improved its balance sheet and eliminated a potential distraction from our focus on launching the Ionic Bulb." Commenting on the settlement terms, he added, "We settled by paying with shares instead of cash. We settled this claim for about 13 cents on the dollar. In addition, the settlement allows us to avoid any further costs, burdens, or distractions, and uncertainties of litigation relating to claims by our former CEO and allows us to focus our efforts on generating revenues for the Company." About the Company: Zevotek, Inc. plans to market and sell a range of innovative personal and home care items. Zevotek has a license to sell an energy saving compact fluorescent light bulb (CFL) named the Ionic Bulb. The Ionic Bulb is designed for consumer use by combining the performance features of ionic air cleaning technology with those of a 10,000 hour reduced energy use CFL. The Company plans to market the Ionic Bulb through TV infomercials, catalogs, magazines and major U.S. retail and specialty stores and the Internet. The Company's new 2 minute Ionic Bulb TV ad is designed to air on national cable channels, local broadcast channels and TV superstations. Zevotek's Ionic Bulb infomercial airs on the Company's [link widoczny dla zalogowanych] website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this release with respect to the Zevotek, Inc.'s business, financial condition and results of operations, as well as matters of timing and effectiveness of marketing the Ionic Bulb are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond Zevotek, Inc.'s control with respect to market acceptance of their products, whether financing will be available, the plans for Zevotek, Inc. to market and sell products as well as certain other risk factors which are and may be detailed from time to time in Zevotek, Inc.'s filings with the Securities and Exchange Commission. This press release contains forward-looking statements. The words or phrases 'may,' 'intends,[link widoczny dla zalogowanych],' 'expects,' 'estimate,' 'indicate,' 'plans,' 'anticipates,' 'could,' 'if,' 'will,' 'should' or similar expressions are intended to identify 'forward-looking statements.' Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Zevotek, Inc. cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, Zevotek, Inc. does not undertake, and Zevotek, Inc. specifically disclaims any obligation to update any forward- looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
China Crescent Enterprises, Inc. Reviews $30 Million in Potential New Revenue in 2010 From Pending Acquisition and Service Contract Anticipated to Close in December
DALLAS, TX, Dec 02, 2009 -- China Crescent Enterprises, Inc. (OTCBB: CCTR | Quote | Chart | News | PowerRating) has released an exclusive Webcast featuring an update on potential near-term and long-term return on investment. The Webcast notes two pending agreements anticipated to close in December as potential triggers for possible milestone increases in share price. The combined revenue potential in 2010 from the two pending agreements is approximately $30 million. A link to the Webcast is now available on the corporate website homepage [link widoczny dla zalogowanych] under Recent Webcasts titled 'China Crescent Shareholder Update Featuring Short-Term & Long-Term ROI Webcast.' Shenzhen Acquisition Agreement China Crescent has announced a letter of intent to acquire a China Radio Technology Ltd subsidiary in Shenzhen. China Radio Technology Ltd, a Hong Kong-registered company, is a mobile communication hardware and software company that develops and manufactures products for sale in China. The subsidiary, which China Crescent plans to acquire from China Radio, is anticipated to produce $20 million in annual revenue. Shenzhen is located north of Hong Kong in the Guangdong province and is considered one of the fastest growing cities in the world. For more information on the acquisition opportunity in Shenzhen, please review the on-demand Webcast titled 'China Crescent - China Radio Technology Ltd' available at the corporate website [link widoczny dla zalogowanych]
Dalian Service Contract Agreement China Crescent has recently announced a pending service contract with Aoyuan Electronic Co. ltd in Dalian, China, for $36 million over three years. The pending contract would be the second major outsourcing contract signed by China Crescent this year. The Company has been marketing a new outsourcing service since the beginning of this year and has already signed $30 million in total revenue value over three years with Beijing Chuangzhitongda Technology Development through the outsourcing services offering.
China Crescent is a systems integration service provider in China that markets technology outsourcing services that include the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. The Company reported over $40 million in annual revenue in both 2007 and 2008, and recently reported $30 million in revenue through the first nine months of the year ending September 30, 2009, with record net income of $1.8 million compared to $517k in net income for the same period in 2008. The Company's sales are historically seasonal with its largest sales and profits usually occurring in the 4th quarter. The Webcast further reviews the enhanced milestone ROI potential and improved long-term viability of China Crescent as well as a recap of the Company's recently filed third quarter 2009 financial results.
Sign Up to Receive Regular China Crescent Investor Updates China Crescent sends regular email updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage (www.chinacrescent.com). Recipients can manage their own email contact profile and safely unsubscribe at any time.
About China Crescent Enterprises, Inc. (www.chinacrescent.com) China Crescent Enterprises,[link widoczny dla zalogowanych], Inc. reported over $40 million in profitable revenue in 2008. The Company is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, China Crescent bridges the gap between Western and Eastern business cultures to assist Western clients in realizing the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists Western clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause China Crescent's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
World's Only FDA Approved Home Needle Destruction Device is in Production
--Marketing Strategy Underway, Addition to Team
American Scientific Resources, Inc. the world's only FDA approved home needle destruction device (NDD), is in its first production run for ASR.
Specifically designed to fill the current demand for home injection prescription drug users in California (resulting from the recent passing of the SB 486 which requires Californian's to safely dispose of their sharps at home), as well as consumers throughout America and globally, the units are expected to be available during the first quarter of 2010 through various global distribution points.
The new and improved Disintegrator Plus is a safe, FDA approved device, which utilizes patented plasma arc technology to sterilize and disintegrate the needle at a temperature of over 3000 degrees Fahrenheit reducing it to a small bb-shaped ball. It uses patented technology that gives it distinct advantages over similar devices.
This "greener" version complies with the new Restriction of Hazardous Substances regulations (ROHS), a hazardous material-free directive, enforced in the European Union Communities. The new graphics and color scheme will help consumers identify this particular model as ASR's new and improved device.
In addition to already having received confirmation of a Purchase Order from a major global Pharmaceutical Corporation,[link widoczny dla zalogowanych], ASR is creating a tactical marketing and distribution plan in order to inform municipalities, contracted waste haulers, pharmaceutical manufacturers and consumers across the world that ASR is the go-to resource for a safe, viable option to properly dispose of sharps at home.
Marc Massoglia,[link widoczny dla zalogowanych], an Economist with extensive sales and marketing experience in B2B sales and marketing in medical devices, has been commissioned by ASR to spearhead the project.
Dr. Christopher F. Tirotta, CEO of American Scientific Resources, states, "We have a proven sales leader in Marc, enhancing our marketing and sales tactics for this device. The demand has proven the need for our product within the marketplace." ASR is in the process of also creating a website where consumers and commercial entities can purchase the units, receive a wealth of knowledge including regulatory, education and stewardship information and also bond with a community that is familiar with challenges they face.