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Welcome To Stock Marketing Inc. Check Us Out!! Strong Alerts!! ERFW,AFLB,AMEL,FLPC,GTHP,SNRY
(M2 PressWIRE Via Acquire Media NewsEdge) Stock Hunter PRESENTS : (OTCBB: ERFW) ERF Wireless, Inc., (OTCBB: AFLB) A5 Laboratories, Inc., (OTCBB: AMEL) Amerilithium Corp., (OTCBB: FLPC) First Liberty Power Corp., (OTCBB: GTHP) Guided Therapeutics, Inc., (OTCBB: SNRY) Solar Energy Initiatives, Inc.
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(OTCBB: ERFW - ERF Wireless, Inc.)
LATEST NEWS!!
ERF Wireless Reports 2010 Second Quarter Results
Oil and Gas Subsidiary Posts 1188% Quarterly Improvement in Revenues as Compared to Same Quarter in 2009
LEAGUE CITY, TX, Aug 24, 2010 -- ERF Wireless (OTCBB: ERFW), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company has filed its Form 10-Q with the Securities and Exchange Commission reporting results for the second quarter ended June 30, 2010.
Dr. H. Dean Cubley, CEO of ERF Wireless, commented, "During the second quarter of 2010 our Oil and Gas subsidiary that provides broadband services to the energy industry, again reported increasing sales results. Specifically, we reported $378,000 of oil and gas revenues in the first six months of 2010. This represented a 1790% increase over the same period for 2009 and actually was more than we reported for this subsidiary for all of calendar 2009. Oil and gas wireless broadband services contributed $206,000 during the second quarter ended June 30, 2010, as compared to $16,000 for the second quarter of 2009 representing a 1188% improvement in revenues. For additional comparison purposes, oil and gas wireless broadband services contributed a total of $72,000 in calendar year 2008 and $308,000 in calendar year 2009." Cubley added, "We expect this trend to continue at an even greater pace for the second half of 2010 based on the substantial increased activity we are experiencing in this sector." Overall for the second quarter of 2010, the company reported total net sales of $1,576,000 which was an increase of 23% compared with $1,278,000 for the second quarter of 2009. The $298,000 increase in net sales during the second quarter of 2010 as compared to the net sales generated in the second quarter of 2009 is primarily attributable to a $190,000 increase in broadband services from oil and gas deployments of our Mobile Broadband Trailers (MBTs), a $49,000 increase in banking network installation and services revenue, a $32,000 increase in wireless paging service and infrastructure construction revenues and a $27,000 increase in other wireless broadband products and services.
For the quarter ended June 30, 2010, the company reported losses from operations of $1,625,000 compared to losses from operations of $1,893,000 for the quarter ended June 30, 2009 representing a 14% improvement in loss from operations. For the quarters ended June 30, 2010 and 2009, cash used for operating activities was $850,000 and $1,283,000, respectively. Primary and fully-diluted net loss per share for the quarter ended June 30, 2010, was ($0.01) as compared to ($0.02) for the quarter ended June 30, 2009.
RECENT EVENTS Historically, our revenues have been generated primarily from Internet and construction services. Our Internet revenues result from our offering of broadband and basic communications services to residential and enterprise customers. Our construction revenues result from the construction of bank networks and other services associated with providing wireless products and services to the regional banking industry. During the second quarter of 2010, approximately 91% of our revenue was generated from Internet services and 9% of our revenue was generated from construction services. We expect our Internet services to experience the most growth during the fiscal year 2010 as we devote significant capital resources to developing the sale of wireless products and services in the oil and gas market.
During the second quarter of fiscal 2010, the company advanced its strategic business plan as evidenced by a number of agreements and activities. A summary of milestones during and subsequent to the year ended June 30, 2010, includes: -- The Company announced that it received Second Round Review letters from the United States Department of Agriculture's Rural Utilities Service (RUS) regarding their broadband stimulus applications. These letters pertained to three separate applications that ERF Wireless had previously submitted to the RUS in response to the Administration's stated objective to award approximately $7 billion in grants and low interest loans to companies, private and public entities, and other parties to enable the creation of jobs and the development of broadband access to all American citizens. These letters allowed for the submittal of supplemental information to address specific and limited adjustments to all three of the company's Round Two Broadband Initiatives Program (BIP) Infrastructure applications. ERF Wireless submitted separate applications for each of these "last-mile" projects that total approximately $31 million in loan and grant funding. These projects include:
-- Eagle Ford Shale Broadband Project: The agricultural area of Texas south of San Antonio has long lagged behind the rest of the state in access to technology. This is a significant barrier to the development in the region. The recent expansion in natural gas exploration in the region has created opportunity for change. The community can only reach the outside world at high speed if they live in close proximity to a telephone company end office, and even then access is not economical.
-- Texas Educational Broadband Network: ERF Wireless has developed an open partnership with several Texas Independent School Districts as anchor customers. A WiMax access network will be implemented for this area west of Houston, Texas, covering some 600 square miles. Wireless access will be provided to schools and other community anchors in this coverage area, and otherwise unavailable broadband Internet access will be provided at competitive rates to businesses and homes.
-- Central Louisiana WiMax Project: This project proposes to blanket 900 square miles of rural and economically distressed communities with the latest in WiMax broadband service. The project will offer a Broadband Lifeline Program that will enable low income families who qualify to receive discounted broadband services. This project will create hundreds of long-term job opportunities and will offer service to all critical community facilities.
Dr. H. Dean Cubley, CEO of ERF Wireless, commented as follows on the stimulus applications, "Over the past five years, the company has demonstrated its ability to successfully design, build and operate wireless broadband networks in rural communities throughout Texas, Louisiana, Oklahoma and New Mexico. We believe that, even though this request for more information from the RUS should not be viewed as an indication that the applications will be approved and that our resubmitting updated applications does not guarantee funding, our past experience has made ERF Wireless a leading candidate to receive the broadband funding under the American Recovery and Reinvestment Act of 2009." Dr. Cubley added, "We would expect to hear the outcome of these applications before the end of September 2010, based on previously disclosed RUS timelines." -- The Company announced that it has repaid all of its outstanding convertible debt as of close of business August 4, 2010. As reported in its 10-Q for the first quarter of 2010, the company received approximately $600,000 USD in financing through convertible debentures with several institutional investors during the first quarter of 2010.
Since that time, the company has worked to repay that debt, while continuing to execute its business plan for overall revenue growth. In particular, ERF Wireless Oil & Gas Services, the company's oil and gas services subsidiary, continues to gain substantial sales momentum and is currently working to finalize contracts with multiple customers, including some high-profile Fortune 500 companies.
-- The Company announced that it has entered into a contract with the world's leading oil and gas services company in support of BP and the U.S. Coast Guard. ERF Wireless was selected to provide its world-class integrated communications systems to provide bandwidth to the U.S.
Coast Guard's Incident Command Center recently set up on Galveston Island to search for and respond to all reports of oil affecting the Texas Gulf Coast that may be associated with the BP Deepwater Horizon spill off the coast of Louisiana.
-- The Company announced it continues to sign multiple new contracts to provide communications service, equipment, and infrastructure with a number of oil and gas sector companies for products and services to be provided in the United States as well as several foreign countries.
While the size of these recent contracts is typically hundreds of thousands of dollars over multiple-year periods, it further validates that the momentum the company has been realizing in its Oil & Gas subsidiary should continue to grow into the future. In addition, the company is in late-stage negotiations with several very large, global energy companies to provide comprehensive communications services to help support a substantial augmentation in communications capabilities for exploration and production activities. The company expects to complete at least one of these large contracts in the short term and will keep shareholders abreast of any new developments regarding signing of any additional contracts.
-- The Company announced that it continues to grasp significantly more oil and gas business along with expanding its overall recurring revenue base from broadband to drilling operations, oil and gas well rework, frac operation support, SCADA wireless connectivity, pipeline wireless surveillance and connectivity support, customer wireless network design and construction, new bank customer contracts, and NOC support. All of this new business, which has largely materialized since the start of 2010, is mostly as a result of the increased ERF Wireless sales and marketing efforts starting in the latter half of 2009 and has continued to move the company forward toward its goal of cash flow positive operations in the next few quarters. In view of all of this increased business activity by ERF Wireless, the company finds it ironic that its market capitalization has also seen a steady decline over recent months coupled with the receipt of a large number of shareholder inquiries regarding this decline in market capitalization of the company and the related causes. ERF Wireless has assured all of these inquiring shareholders that the company is continuing to effectively execute its business plan and is currently on track to meet its objective of near-term positive cash flow.
About ERF Wireless ERF Wireless Inc. is a fully reporting public corporation located in League City, Texas, and is the parent company of Energy Broadband, Inc., ERF Enterprise Network Services, ERF Bundled Wireless Services, ERF Wireless Messaging Services and ERF Network Services. The company specializes in providing wireless and broadband product and service solutions to enterprise, commercial and residential clients on a regional, national and international basis. Its principals have been in the wireless broadband, network integration, triple-play FTTH, IPTV and content delivery business for more than 40 years. For more information, please visit our websites at www.erfwireless.com
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(OTCBB: AFLB - A5 Laboratories, Inc.)
LATEST NEWS!! A5 Laboratories Inc. Granted U.S. Provisional Patent Number US 61/400,719 for the Production of Interferon-Based Products
MONTREAL, QUEBEC, Aug 23, 2010 -- A5 Laboratories Inc. (OTCBB: AFLB) today announced that its previously announced patent application to protect its technology for the production of interferon-based products was accepted by the United States patent office. The company was granted the provisional patent number of US 61/400,719 with a patent filing date of August 2, 2010. The patent application was submitted in order to protect the company's new method for the production of therapeutic proteins and specifically A5 Labs lead product VI-1718 for the treatment of certain cancers, multiple sclerosis and viral infections.
"I am very pleased that the Unites States patent office has accepted our patent application. We believe that the granting of this provisional patent will protect our company's new technology for the production of our interferon-based products such as VI-1718. We look forward to the next steps in advancing our plans towards the development of these products," said Dr. Richard Azani, President and CEO of A5 Labs.
About A5 Labs: A5 Labs is a contract research based organization servicing the pharmaceutical and biotechnology companies in North America. The company utilizes its research capabilities to license and acquire novel biotechnology products for development and commercialization
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(OTCBB: AMEL - Amerilithium Corp.)
LATEST NEWS!! AmeriLithium Pays Yearly Maintenance Fees for 2011 on 216 Lithium Brine Claims in Nevada
HENDERSON, NV, Aug 24, 2010 -- AmeriLithium Corp. (OTC Bulletin Board: AMEL) is pleased to announce that on August 19, 2010 the Company paid the claim maintenance fees for the year 2011 on its 216 Lithium brine claims in Nevada at a total cost of $30,240.00, thereby demonstrating its ongoing commitment to developing domestic Lithium production.
The fees were paid to the U.S. Department of the Interior's Bureau of Land Management (BLM) via the Nevada State Office for the following:
CLAIMS BLM NUMBER COUNTYPM-13 through PM-90 (78 NMC No. 1018759 -claims) 1018836 Esmeralda
CD #1 through CD #66 (66 NMC No. 1022861 -
claims) 1022926 Esmeralda
------------------------ ------------------ ---------FM #1 through FM #72 (72 NMC No. 1022927 -
claims) 1022998 Nye
------------------------ ------------------ ---Matthew Worrall, AmeriLithium's Chief Executive Officer, commented, "Because everything points to the valuable Lithium-producing potential of these claims, we don't view these maintenance fees as a cost, but as an investment. Now we can continue the work we're doing on these claims to see what Lithium we can bring to the American market and beyond. And with our recently completed second phase of exploration having identified a large reservoir of potentially Lithium-enriched brine in groundwater underlying our Nevada-based Paymaster Project, we certainly appear to be on the right track." PAYMASTER PROJECT BACKGROUND AmeriLithium's domestic Paymaster Project represents a 5,880-acre (9.19 square mile) claim block adjacent to the Clayton Valley playa, where Lithium-rich brines and evaporates have been accumulating for more than 30,000 years, resulting in the highest Lithium content found in any brines tested by the US Geological Survey (USGS) in southwestern US playas and basins.(1) Clayton Valley is home to the only US-based Lithium producing plant, operated by neighboring Chemetall Foote Corporation, a subsidiary of Rockwood Holdings, Inc. The plant has been in production since 1967, producing an estimated 50 million kg (55,000+ tons) of Lithium to date from the region's rich brines.(2) CLAYTON DEEP PROJECT BACKGROUND AmeriLithium's domestic Clayton Deep Lithium brine project represents a 5,280-acre (8.25 square mile) claim block covering the entire Southwest Gravity Low in Clayton Valley, Nevada. The Clayton Deep project's placer claims lie less than 10 miles southwest of Chemetall's Lithium producing plant. Chemetall's exploration of the area immediately around the plant extends to within less than one mile of the northeast corner of AmeriLithium's Clayton Deep holdings.(3) FULL MONTY PROJECT BACKGROUND AmeriLithium's Full Monty Project represents a 5,760-acre (9 square mile) block of federal placer mining claims 25 miles north of Clayton Valley's prime Lithium-mining region. The Full Monty gravity low covers roughly 4,800 acres or 7.5 square miles; in comparison, Chemetall Foote's Lithium brine field in nearby Clayton Valley is only 2 square miles and has been producing continuously for 43 years.
FOR MORE INFORMATION More information on AmeriLithium's domestic Lithium brine claims and projects, and additional information regarding the Company, can be found at AmeriLithium's corporate website www.amerilithium.com along with the facility to sign up for regular news updates.
ABOUT LITHIUM: Lithium is a lightweight metal used in a wide range of consumer products the world over: the medical industry uses Lithium as an anti-depressant; industrial uses include glass, ceramic and porcelain enamel manufacture; the aviation industry uses Lithium in alloys. Of particular interest is the use of Lithium for battery production, which has expanded significantly in recent years due to rechargeable Lithium batteries being used increasingly in electrical tools and in the rapidly expanding portable electronics market. Furthermore, the next generation of hybrid and electric vehicles are being designed to use high-capacity Lithium-ion batteries as environmentally-friendly fuel alternatives while the Obama administration has introduced $5 billion in funding and incentives for the development of a secure, domestic battery industry with special focus on Lithium-ion batteries.
ABOUT AMERILITHIUM: AmeriLithium is a publicly traded (OTCBB: AMEL), mining company committed to progressively developing into one of the leading American players in the global Lithium industry. The Company is headquartered in Henderson, NV. AmeriLithium has amassed a Lithium portfolio consisting of ~724,000 acres, including three Nevada-based projects nearby the only Lithium producing plant in the US, a large project in Alberta, Canada, and a project in Western Australia.
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(OTCBB: FLPC - First Liberty Power Corp.)
LATEST NEWS!! First Liberty Power Corp. Announces New Director-Geologist
LAS VEGAS, NV, Aug 24, 2010 -- First Liberty Power Corp. (OTCBB: FLPC) is pleased to announce the appointment of Geologist and mining executive John Hoak to the Board of Directors.
Mr. Hoak brings with him over 30 years of diversified experience in construction, minerals development and underground mining and drilling operations. He is a founder, Chief Executive Officer and Executive Director of New Era Petroleum, LLC of Sheridan, Wyoming. He was a founder and Executive Director of Rock Well Petroleum, serving as Chief Operating Officer and then as Chief Executive Officer. He was Managing Partner of Mine Management Services, LLC, in Bozeman, Montana; Vice President, Operations of Oil Recovery Enhancement LLC, Bozeman, Montana; Managing Partner of the Jardine Group LLC, Gardiner, Montana; Senior Operations & Environmental Officer and Mine General Manager at the Mineral Hill Mine, Jardine, Montana. Mr. Hoak received a B.Sc. in Environmental Studies (Magna Cum Laude, Departmental Research Honors) from Allegheny College in Meadville, Pennsylvania.
Glyn R Garner, President & CEO of First Liberty Power Corp., stated, "I am very much looking forward to working with Mr. Hoak in his new capacity and I believe he brings significant mining experience to the Company particularly in the areas of project development and operations. Mr. Hoak will work closely with the board to develop, evaluate and implement both operational and strategic initiatives of the Company." First Liberty Power Corp. is a Nevada-based mineral exploration company with a primary focus on lithium and vanadium exploration and development in the United States. The Company is positioned to capitalize on the anticipated increase in demand for both lithium carbonate and vanadium that is projected to result from the adoption and use of clean renewable energy that will fuel demand for products that utilize lithium-ion batteries and vanadium redox batteries.
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(OTCBB: GTHP - Guided Therapeutics, Inc.)
LATEST NEWS!! National Cancer Institute Funds Second Year of Grant to Guided Therapeutics to Commercialize Non-invasive Cervical Cancer Detection Device
NORCROSS, Ga., Aug 24, 2010 -- Guided Therapeutics, Inc. (OTCBB: GTHP) today announced that it was awarded $1.0 million to fund the second year of a $2.5 million grant from the National Cancer Institute (NCI) announced in 2009.
The three-year grant provides additional resources to commercialize and bring to market the LightTouch(TM) non-invasive cervical cancer detection device and single-patient-use disposable.
"The continuation of the grant provides additional non-dilutive resources for us to complete the regulatory process, include design enhancements and begin manufacturing LightTouch devices and disposables," said Mark L. Faupel, Ph.D., President and CEO of GT. "We believe that the award continuation also indicates a high level of confidence in our technology by the NCI reviewers." GT has been awarded approximately $6 million in six consecutive grants from the NCI to develop the new, pain-free test for detecting cervical disease.
The GT LightTouch technology scans the cervix with light to identify cancer and pre-cancer painlessly and non-invasively. The technology distinguishes between normal and diseased tissue, by detecting biochemical and morphological changes at the cellular level. Unlike Pap or HPV tests, the LightTouch test does not require a tissue sample or laboratory analysis, and is designed to provide results immediately. The technology is designed as a device employing a single-use disposable patient interface.
Results of a multi-center pivotal clinical trial showed that LightTouch detected cervical disease up to two years earlier than Pap test, HPV test, colposcopy and biopsy. The LightTouch is designed to detect disease early, when treatment is most effective, and to eliminate unnecessary testing saving the healthcare system money. For more information on the clinical trial, visit www.guidedinc.com/asccp2010.htm.
About Guided Therapeutics Guided Therapeutics, Inc. (OTCBB: GTHP) is developing a rapid and painless test for the early detection of disease that leads to cervical cancer. The technology is designed to provide an objective result at the point of care, thereby improving the management of cervical disease. Unlike Pap and HPV tests, the device does not require a painful tissue sample and results are known immediately. GT has also entered into a partnership with Konica Minolta Opto to develop a non-invasive test for Barrett's Esophagus using the LightTouch technology platform. For more information, visit GT's web site www.guidedinc.com.
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(OTCBB: SNRY - Solar Energy Initiatives, Inc.)
LATEST NEWS!!
Solar Energy Initiatives to Open Second Training School in South Carolina
Solar EOS's Solar Installer School Has Been Approved by the Waccamaw Workforce Investment Board as a South Carolina Eligible Training Provider Under the Workforce Investment Act
PONTE VEDRA BEACH, FL, Aug 24, 2010 -- Solar Energy Initiatives, Inc. (OTCBB: SNRY), with businesses in solar project development, distribution and workforce training, today announced that the company's SNRY Solar Inc. division has been approved to open its solar technical training school in South Carolina.
The Solar Installation School, developed and facilitated by Solar EOS -- a wholly owned subsidiary of Solar Energy Initiatives, Inc. -- will be added to the South Carolina Workforce Investment's Eligible Training Provider list and the School will be a new training option to which area Career One-Stop locations will begin referring eligible training applications. The Solar Installer School was designed to train prospective solar installers both in classroom theory and design as well as extensive hands-on experiential learning.
To ensure students enter the workforce with the greatest competitive advantage, Solar EOS takes a comprehensive approach to solar which includes green building strategies, sustainability, and technical knowledge of energy efficiencies utilizing the LEED Green Building Rating System as its core curriculum. The 8-week course provides 200 hours of actual classroom and field education, with over 30 hours of hands-on training utilizing the most current solar thermal and photovoltaic equipment taught by a team of experts in the field of solar and energy efficiency.
"Through our partnership with Waccamaw's Workforce Division, we expect to train nearly 200 students over the course of the next year to become top-quality solar installers and energy efficiency champions. Our students have the advantage of eight weeks of intense learning on both theory and application of solar strategies which allows them to be an effective member of an organization on Day One of employment," says Ellen Leroy-Reed, President of Solar EOS. "It is our mission to Renew South Carolina by introducing highly trained and well qualified solar technicians to the state's workforce. Then, South Carolina will be prepared for the new solar economy." "Waccamaw is pleased to have Solar EOS on board as an Eligible Training Provider. Giving our clients' access to solar training is a significant benefit which will allow them to successfully compete for higher-paying technical jobs," says Denise Day, Waccamaw's Workforce Development Administrator. "South Carolina will benefit, and our people will benefit, by training our workforce in green jobs and the solar industry." About Workforce Investment Act (WIA) WIA is a federal program administered in South Carolina through the Workforce Division of the Department of Employment and Workforce and through 12 Workforce Investment areas throughout the state. A statewide board appointed by the Governor and comprised of business owners, state government officials, educators, and private citizens guide policy for all WIA-funded programs. WIA programs help businesses meet their need for skilled workers and provide individuals with access to training that helps them prepare for work.
About the Career One-Stop System WIA services are delivered through the state's comprehensive Career One-Stop System. One-Stop Workforce Centers in every county offer job seekers and businesses access to WIA and Trade Assistance Act funded training opportunities, as well as other services provided by One-Stop System partner agencies that support employment and training.
About Solar Energy Initiatives, Inc. Solar Energy Initiatives, Inc. (OTCBB: SNRY) is a diversified provider of solar solutions with three principal operating groups focused on large-scale projects, solar education and distribution of solar products. SNRY Power is a developer and manager of municipal and commercial scale solar projects. The SolarEos Group is dedicated to the education and continuous improvement of solar energy trade professionals. SNRY Solar is a wholesale distributor of branded photovoltaic and thermal (water heating) systems selling via a network of dealers throughout the United States and the Caribbean. Through its diversified portfolio of solar businesses, Solar Energy Initiatives, Inc. is committed to restoring the nation's economy through a grassroots campaign called "Renew the Nation." Renew the Nation brings together a broad alliance of public and private sector interests focused on workforce development, job creation and economic growth through solar energy. For more information please visit http://www.solarenergy-us.com/.
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