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SPI Solar Awarded a 1.69 Megawatt Solar Energy Facility Project in New Jersey
ROSEVILLE, Calif. -- 6-20-2011 -- SPI Solar ("SPI") (OTCBB:SOPW) a leading developer of photovoltaic ("PV") solar energy facilities ("SEF"), today announced that it has entered into an engineering, procurement and construction ("EPC") contract to serve as EPC contractor for a 1.69MW DC photovoltaic solar project in New Jersey. The system will be a roof-mounted distributed generation system for on-site power consumption. The project will be owned and operated by NuGen Capital Management, LLC ("NuGen"), through a NuGen wholly owned subsidiary.
The SEF being built by SPI will be connected to 5 independent meters serving tenants at the complex owned by North Jersey Development Group, Inc. Most recently, SPI worked with NuGen on the 5-megawatt White Rose Foods project currently under construction in New Jersey. "We are very happy to have been selected once again by NuGen for this project," said Steve Kircher, CEO of SPI. "The project fits nicely within our strategy to further establish our presence in the northeastern US."
NuGen works with large-scale energy users and real estate owners to develop, own, and operate commercial-scale PV solar systems. "I am pleased to be working with SPI once again on this project, and look forward to others in the future as NuGen seeks to invest capital in additional opportunities throughout the Northeast," said David Milner, CEO for NuGen. "SPI's experience base and track record in the solar industry make a big difference when it comes to selecting a partner for projects such as these," Mr. Milner concluded. The 1.69 MW project was co-developed by NuGen and Solaire Development, LLC ("Solaire") through a joint development agreement between the two companies. NuGen and Solaire are currently in the process of collaborating on additional projects.
Construction on the project is scheduled to begin in July 2011.
About Solar Power, Inc. (OTCBB:SOPW):
Solar Power, Inc. (SPI) is a vertically integrated photovoltaic solar developer offering its own brand of high-quality, low-cost distributed generation and utility-scale solar energy facility development services. Through the Company's close relationship with LDK Solar, SPI extends the reach of its vertical integration from silicon to system. From project development, to project financing and to post-construction asset management, SPI delivers turnkey world-class photovoltaic solar energy facilities to its business, government and utility customers. For additional information visit: www.spisolar.com.
About NuGen Capital Management, LLC:
NuGen Capital Management was founded in 2009 to invest in commercial scale solar systems. NuGen develops its own projects as well as partners with other developers in its pursuit to own and operate solar systems. Working with large scale energy users and real estate owners, NuGen serves the long term energy and economic needs of its partners and clients. Based in Rhode Island, NuGen works in States where the renewable energy policies encourage job creation and energy sustainability through solar development.
Safe Harbor Statement:
This release contains certain "forward-looking statements" relating to the business of Solar Power, Inc., its subsidiaries and the solar industry, which can be identified by the use of forward looking terminology such as "believes, expects" or similar expressions. The forward looking statements contained in this press release include statements regarding the Company's ability to execute its growth plan and meet revenue and sales estimates, enter into formal long-term supply agreements, and market acceptance of products and services. These statements involve known and unknown risks and uncertainties, including, but are not limited to, general business conditions, managing growth, and political and other business risk. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.
Alto Group Holdings Announces Permanent Corporate Housing and Offices Established Within Mali, West Africa
NEW YORK, NY -- 06/20/11 -- Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company"), an innovative mining and commodities trade company headquartered in New York, announces the company has signed a lease to rent corporate housing and maintain full-time offices within Mali, West Africa.
This new corporate housing and office location is required to allow the company the ability to setup and run operations within the country from a centralized location. Currently the company has reduced our staff on location for the next 90 days until the following season work program begins. Mr. Michael Watson will now return to the U.S. after remaining on location during the last 7 months completing the permitting process required on the Bogue River Dredge Concession.
Additionally, Management would like to take this opportunity to thank Mr. Watson for remaining on location until the completion of the Bogue River permitting was approved by the ministry of mines. Despite difficulties earlier this year Mr. Watson tirelessly worked to progress this project to the next level and management looks forward to Mr. Watson's return to the United States after a job well done.
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Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Imperial Resources, Inc. Obtains Loan Funding for Key Salt Water Disposal Facility Development
AUSTIN, Texas, June 20, 2011 -- Imperial Resources, Inc. (OTCBB: IPRC) and its wholly owned subsidiary, Imperial Oil & Gas, Inc. (together the "Company", "Imperial") is pleased to announce that, directly in line with its announcement of June 7, 2011, the Company has entered into an agreement for the development funding of its Salt Water Disposal Facility ("Facility") located in the heart of the Barnett Shale in Texas.
The Company is delighted to have raised, so soon after acquisition, the necessary funds to cover near term amortisation payments, deepen the Facility disposal well bore and conduct marketing operations. It anticipates that the Facility, if successfully developed as the Company's first material project, will be highly cash generative compared to its cost and will assume a business value considerably in excess of its acquisition and development price.
The agreement is for an unsecured convertible loan ("Loan") of up to $1,200,000 from a lender ("Lender") to Green Tide Water Disposal, Ltd. ("Green Tide"), for the development of the Facility. Green Tide is a limited Partnership formed by Imperial's subsidiary Big Dig Operating, Inc. to own the Facility and into which Imperial has introduced the Facility assets. Imperial owns 99% of Green Tide as Limited Partner and 100% of the equity of the General Partner, which will run the Facility and owns the remaining 1% of Green Tide.
The Loan is expected to be rapidly drawn down as required to develop the Facility. Preparation work is expected to start almost immediately with a view to commencing deepening operations as soon as a quality rig operator becomes available. The Company is in the process of obtaining quotations for the work, which will include the provision of a whipstock to assist in the kick off of the side track. Subject to rig availability, the Company anticipates completing all work required to put the Facility back into commercial operations within eight weeks.
Prior to and during the drilling & completion period the Company will commence marketing of the Facility with the objective of securing contracts for disposal operations to start immediately the Facility is operational. Subject to drilling and marketing success the Company anticipates commercial disposal operations and first revenues from the Facility by the end of the summer.
For up to 60 days after the date of the Loan agreement and after the Facility has opened for business the Company may pre-pay the Loan together with any accrued interest, without penalty.
The Facility is conveniently located for the disposal of large volumes of salt water generated from essential fracture stimulation operations on Barnett Shale gas wells. There are approximately 6,000 such wells within 20 miles of the Facility.
It consists of a relatively new, completed surface plant on approximately 41 acres of freehold land well located by a State highway, and an existing shallow well bore. The Facility has an existing permit for the disposal of up to 15,000 barrels of salt water per day into the Ellenberger formation. The investment in the Facility by its original owner is estimated by the Company to be in excess of $5,000,000. Imperial plans to deepen the well and reopen the Facility to dispose of up to 15,000 barrels of salt water a day.
The Facility is one of two key projects identified as transformational for Imperial (the other being the Company's Oklahoma project).
Tom Barr, Director of Imperial, said: "In around just a month we have acquired and quickly financed the development of the Facility in tough capital markets, which in my view demonstrates the strength of the project."
About Imperial Resources, Inc.
Imperial Resources, Inc., through its wholly owned subsidiary, Imperial Oil & Gas, Inc. has a highly focused, risk-averse strategy of building a substantial portfolio of oil and gas assets through its access to niche, low risk oil and gas opportunities in the onshore U.S. Imperial aims to exploit projects which can deliver cash flows normally associated with higher risk projects but without exposure to high risk failure rates.
To find out more about Imperial Resources, Inc. (OTCBB: IPRC), visit our website at www.imperialresourcesinc.com. Details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's EDGAR database.
Statements in this news release that are not statements of historical fact are forward-looking statements, which are subject to certain risks and uncertainties. Forward-looking statements can often be identified by words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "assumes," "likely," "believes" and words of similar import. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Actual results may differ materially from those expressed or implied by forward-looking statements due to a variety of factors that may or may not be foreseeable or within the reasonable control of the Company. Readers are cautioned not to place undue reliance on such forward-looking statements. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission, including without limitation under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed on July 9, 2010. Except as otherwise required by law, the Company disclaims any obligations or undertaking to publicly release any updates or revisions to any forward-looking statement contained in this news release to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
GOLD DYNAMICS CORP. REACHES TERMS OF ACQUISTION OF THE SANTIAGO GOLD PROPERTY
LAS VEGAS, June 20, 2011 -- Gold Dynamics Corp. (OTCBB: GLDN) ("Gold Dynamics Corp." or the "Company") is pleased to announce that the terms of acquisition have been reached in connection with the letter of understanding between the Company and Artemio Terrazas Arredondo and Norma Velazquez Jurgeit regarding the option, purchase and operation by the Company of the Santiago Gold Property located in the state of Durango of Mexico.
Mr. Arredondo and Mrs. Jurgeit are collectively the registered and beneficial owners of a 100% interest in the Santiago Gold Property. They have agreed to option their 100% interest to the Company in exchange for a $35,000 option payment. In addition, the Company has committed to a geological exploration program and a drilling program consisting of a minimum of 500 meters of drilling in the first year. The Company will also have two years to acquire the property in exchange for a further payment of $400,000 to Mr. Arredondo and Mrs. Jurgeit combined and also, the provision of a 1% NSR royalty to each of Mr. Arredondo and Mrs. Jurgeit.
The Company is planning on furthering the past extensive geological work performed and also on commencing new exploration work and a drilling program in other regions of the property.
For a full account of Gold Dynamics Corp. corporate objectives and contact information, please visit the website at www.golddynamics.com
ABOUT GOLD DYNAMICS CORP.
Gold Dynamics Corp. is an emerging precious metals explorer focused on underexplored regions of the world that is seeking to grow shareholder value by building gold and silver mineral resources through systematic exploration. The Company has brought together a highly experienced board and management team consisting of capable professionals with significant development and mine management experience.
Gold Dynamics Corp. seeks to identify, acquire, and develop deposits which have the potential to be world class and in an acceptable risk environment. Social responsibility and environmental stewardship are core values of the Company.
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the leases, their production, and their potential.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
KRMC-Kurrant Mobile Catering Announces International eBook Distribution Agreement with De Marque Inc.
MONTREAL, June 20, 2011 -- KRMC dba Cogito Media Group (OTCBB: KRMC) is proud to announce that it has signed an agreement with De Marque Inc. for digital distribution of its eBooks in multiple languages and formats to its customers worldwide using De Marque's unique platform technology. The two companies have also entered into a business partnership to develop the very rapidly-growing eBook market. De Marque is a Quebec-based technology company with an international eBook distribution network that includes more than 200 e-retail outlets, such as the Apple iBookstore, Kobo, Baker & Taylor (Blio), Eden Livres, Edigita, iWeb, Dimedia, ANEL, CampusText and FeedBooks.
De Marque is a global leader in the development of platforms dedicated to digital content. From the world of education to e-publishing, De Marque has introduced cutting-edge products that are now available in over a hundred countries. De Marque's eBook platform was first adopted by the French Canadian Publisher Association (ANEL). In France, Eden Livres, considered as one of the three most important eBook platforms in France and composed of the publishing groups Gallimard, Flammarion and La Martiniere, uses a distribution platform powered by De Marque. In Italy, Edigita, which includes three of the four largest publishing groups - Feltrinelli, Messaggerie Italiane/GEMS and RCS/Rizzoli - are also using De Marque technology. More recently, the fourth largest printing company in North America, Transcontinental, chose De Marque as their exclusive eBook aggregator.
"We have successfully launched four eBook titles with De Marque and we will be releasing Julian Assange - WikiLeaks: Warrior for Truth in late June. We will follow with more titles from our French and English catalogue as soon as possible. We plan to be a digital media leader on the international market. De Marque provides a fully integrated digital platform capable of offering real-time sales data and marketing analysis reports across a broad range of retail channels and reading devices, including digital marketing tools. This will help us fully tap exploding e-book demand worldwide and assist us in gaining market share in a approximately $450 Million US wholesale market," said Pierre Turgeon KRMC-Cogito CEO.
"We are excited to have the opportunity to include Cogito Media Group titles in our product offering. It will greatly help us to obtain serious attention from our international sales channels and, of course, from customers and readers," said Marc Boutet, CEO of De Marque.
Cogito produces literary and film projects on commercially-valuable mainstream topics, including high-profile individuals and historical legal cases. Cogito recently announced the upcoming publication of Osama bin Laden: The Final Days through its subsidiary Transit Publishing. This is the same company that brought the great success: Unmasked: The Final Years of Michael Jackson, which reached #1 on the New York Times Bestseller list. Cogito titles are distributed by Midpoint Trade Books in the U.S., Benjamin Livres in Canada and by Interforum in France, one of Europe's largest book distributors.
For further information, please visit www.cogitomedias.com and www.demarque.com.
Statements released by Cogito that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
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