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(OTCBB: IMCI - Infinite Group, Inc.)
Mississippi Department of Information Technology Services Awards Microsoft Stimulus360 Contract to Infinite Group
PITTSFORD, N.Y., Oct 26, 2009 Infinite Group, Inc. (OTCBB: IMCI) today announced that the Mississippi Department of Information Technology Services (ITS) has awarded the company a contract to provide installation, configuration, implementation and training services for Microsoft Stimulus360. Stimulus360 is the Microsoft solution that helps public sector agencies track, measure, and share information about federal stimulus programs.
Working with subcontractor partner Information Strategies, Inc., Infinite Group will deliver an enterprise virtual-hosted environment for the Mississippi Department of Finance and Administration (DFA), who will use Stimulus360 to comply with a number of requirements for receiving and dispersing funding received via the American Recovery and Reinvestment Act (ARRA) enacted by Congress on February 17, 2009. Per Mississippi ITS Request for Proposal (RFP) No. 3604, the project will start up in late 2009 and run for one year.
"Stimulus360 is a meaningful way for state agencies to make the most of the American Recovery and Reinvestment Act," said Jim Frost, IGI's Chief Technology Officer. "We are thrilled to be working with the State of Mississippi on this strategic initiative to help ensure a positive impact for stimulus funds and contribute to America's economic recovery."
About Stimulus360
The Microsoft Stimulus360 solution can help organizations that allocate and receive ARRA funds to monitor progress, submit reports, and provide intuitive views of the data for different audiences as they work to accomplish their ARRA goals. Stimulus360 enables the rapid allocation of funds to stimulate new jobs, the ability to track and manage incoming funds from various federal agencies, and empowers users to thoroughly assess, manage, and report on the progress of funded projects. The solution also supports key performance indicators (KPIs) and other government-backed performance metrics, automated workflow, and comprehensive analysis across consolidated data sources.
About Infinite Group, Inc.
Infinite Group, Inc., (IGI) is a world-class IT services and solutions provider serving a range of government and commercial organizations.
Headquartered in Pittsford, New York with regional operations offices, IGI is focused on the following, interconnected practice areas: IT Infrastructure Services, Virtualization and Consolidation, Cloud Computing, Project and Program Management, and Business and Technology Integration. IGI is dedicated to the alignment of business and technology initiatives, and the delivery of superior results. Infinite Group is publicly traded under the symbol IMCI.OB, and more information about the company is available at www.IGIus.com.
(OTCBB: EXBX - Exobox Technologies Corp.)
Exobox Announces Completion of the Acquisition of Oil & Gas Assets With $22.5 Million of Proven Reserves
HOUSTON, Oct 23, 2009 Today Exobox Technologies Corp. (OTC Bulletin Board: EXBX) (the "Company") announced that it has consummated the acquisition of 16 income producing oil and gas wells located in Ohio that produce from the Clinton and Marcellus Shale formations from a private oil and gas company (the "Assets"). These oil and gas wells have a represented PV10 reserve value of approximately $22.5 million (based on current NYMEX pricing). It is intended that the cash flow and the net worth the Company will receive from the oil and gas Assets, will assist to further develop the Company's software products and technologies. Furthermore, it is intended that owning these Assets will assist the Company in developing sales channels in the energy industry for its software technologies.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090508/LA13785LOGO)
In conjunction with the purchase of the Assets, the Company has formed EXBX Energy, Inc., a Texas corporation. This company will be a wholly- owned subsidiary of Exobox Technologies Corp. and will be used to manage and operate the Assets, as well as evaluate future acquisitions.
The Assets were purchased for $13.25 million, which includes (1) the assumption of existing debt of approximately $3 million, (2) a 5-year, 7.5% convertible note in the amount of $1.5 million and convertible into common stock at $.21 per share, (3) 1,163,000 shares of newly designated Series E Convertible Preferred Stock with a stated value of $11,630,000, which is convertible into common stock at $0.477 per share and pays cumulative annual dividends of 7.5%, and (4) 3,000,000 shares of restricted common stock. On a fully-converted basis, the shares issuable upon conversion of the convertible note and the convertible preferred stock, along with the restricted common stock, would represent 34,500,000 shares of common stock, or approximately 9.9% of the total common shares outstanding, after giving effect to (i) the shares issuable pursuant to the Purchase and Sale Agreement on a fully-converted basis, and (ii) the 150 million shares being returned to the company by certain shareholders as previously announced on October 16, 2009.
As part of the consummation of the purchase of the Assets, Messrs. Scott Copeland, Richard Evans and Kevin Regan have resigned from the board of directors of the Company. Mr. Michael Studdard will remain on the board and has been appointed interim-Chairman of the Board and interim-Chief Executive Officer. Furthermore, Mr. Kevin Regan has resigned as President and Chief Executive Officer and interim-Chief Financial Officer of the Company.
"I'm excited about this opportunity. It will allow Exobox to meet certain requirements for listing on a national stock exchange. With a combination of these assets and the Company's existing and future technologies, this should provide growth for the Exobox shareholders," said Exobox Chairman, Michael Studdard.
(OTCBB: CCTR - China Crescent Enterprises, Inc.)
LATEST NEWS!!
China Crescent Enterprises, Inc. to Review $66 Million in Year to Date New and Pending Sales Contracts Justifying Potential PPS Increase From
Recent $0.05 Close to $0.30
DALLAS, TX, Oct 26, 2009 China Crescent Enterprises, Inc. (OTCBB: CCTR) CEO Paul Danner is scheduled to present on 2009 sales growth justifying a potential price per share increase from a recent $0.05 close to a suggested fair value target price of $0.30. The Webcast is scheduled for release tomorrow, Tuesday, October 27th.
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. China Crescent reported over $40 million in annual revenue in both 2007 and 2008, and for the first six months of 2009, reported $17 million in revenue and record net income with an over 200% increase to $1.1 million. The Company's sales are historically seasonal with its largest sales and profits usually occurring in the 4th quarter. The Company has forecasted $50 million in profitable revenue for 2009. Management recently announced that it anticipates the better than expected 2009 sales pipeline may result in record operating income and profit in 2009, and management may increase to the Company's $50 million 2009 revenue forecast following the completion of the 3rd quarter report.
A link to the Webcast is slated to be posted to the corporate website www.chinacrescent.com upon release tomorrow.
Corporate E-mail Updates
To sign up to receive company updates or to obtain more information on the Company, please visit www.chinacrescent.com.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent Enterprises, 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.
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(PINKSHEET: IGNT - Ingen Technologies, Inc.)
LATEST NEWS!!
Ingen Reports First Quarter Sales Increase With Gross Profits Increase and a 63% Gross Margin of Sales
YUCAIPA, Calif., Oct 26, 2009 Ingen Technologies, Inc. (Pink Sheets:IGNT), a leading global Medical Device Manufacturer focused on the $4B Respiratory market with their Oxyview products for the growing aging population and emerging markets for Home (DME), Hospital and Aviation industries announced today that the company has reported an increase in first quarter sales for 2009 as compared to the same quarter in 2008.
Gross profits represented 63% gross margins.
Ingen reported gross sales of $106,483 in the quarter ended August 31, 2009. This represented an increase from sales of $987 in the quarter ended August 31, 2008. The sales were further sparked by the introduction of an "all-in-one" Oxyview Nasal Cannula unit that includes a cannula with the Oxyview flow meter included. Additional capital also enabled the company to increase its advertising and marketing of the Oxyview products. Ingen anticipates that sales of Oxyview will increase from the current quarter's sales as the company expands its sales channels. The total cost of sales was $38,804 in the quarter ended August 31, 2009 and the gross profit was $67,679 (a gross margin of 63.6%).
"We are seeing the initial results of the introduction of our Oxyview Nasal Cannula. There is still hard work ahead of us, and our management is focused on distribution and sales. Our immediate focus being ISO certification and CE Mark requirements that we will complete in late December-2009. Between now and then we are closing distribution for export of our products, and reorganizing our domestic distribution. The home oxygen patients are the bulk of our sales at this time, and this is a good indication that they want and need this product. We expect an increased response for our new Oxyview Nasal Cannula upon its introduction to the annual Chest Physicians meeting at the end of this month, along with Medical and Arab Health conventions in the near future. Targeting these respiratory physicians, management and home oxygen suppliers will increase sales significantly," stated Scott R. Sand, Chief Executive Officer and Chairman of the Board
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=25242
www.ingen-tech.com
About Ingen: Ingen is an established medical device manufacturer with an emerging new medical product line for the respiratory market worth an estimated $4 billion in the U.S., and $8 billion globally. The company introduced Oxyview into the respiratory market in late 2007 after securing U.S. and Foreign Patents and successful licensing with the Food & Drug Administration, and has commenced domestic and global distribution with manufacture representative organizations, and OEM partners. In 2009, the company introduced the new Oxyview Nasal Cannula for adult, children and infants. In addition to selling its respiratory products within the global medical industry, the company is selling the same products within other industries that include aviation, automotive, emergency response, military and government transportation. The company holds a Device Manufacturing License with the State of California, Department of Public Health, Food and Drug Branch as it manufacturers all of its respiratory products in the United States. There are 32 million U.S. patients with Chronic Obstructive Pulmonary Disease (COPD), and 600 million patients worldwide. Ingen Technologies is now the largest manufacturer of in-line gravity-independent oxygen flow meters.
(PINKSHEET: EVFL - Evolution Fuels, Inc.)
LATEST NEWS!!
Evolution Fuels Announces Integrated Truck Stop and Biodiesel Plan
DALLAS, Oct 26, 2009 Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced a strategy to integrate its biodiesel production plan with a plan to establish five of its own branded truck stops. The Company's management believes that maximum profitability of a biodiesel production facility may only be achieved by creating direct demand for the product through retail sales at the pump.
The Company's ownership in the Willie's Place at Carl's Corner Truck Stop located near Hillsboro, TX has provided valuable experience and insight into how and where to create similar truck stop operations. In May of this year, the Company announced the formation of its subsidiary, "Legends Travel Centers LLC," to hold its ownership in truck stop projects, and is actively pursuing existing truck stop operations in Texas and Oklahoma with the concept of establishing five "Legends Travel Centers"-branded facilities.
The Company has developed a plan to allow its facility located in Durant, Oklahoma to process relatively low-cost animal fats into biodiesel.
The company is in the process of negotiating a contract for the supply of these fats, which exist in close proximity to Durant.
The Company intends to produce sufficient biodiesel to supply the five truck stops for the biodiesel portion of the B20 (20% biodiesel/80% petroleum diesel) planned for sale at the high-speed commercial truck fuel dispensers. The Company has retained Informa Economics, Inc. to assist with the financial pro forma modeling of the entire operation, and anticipates aggressive margins as a result of the ability to utilize low-cost feedstock and the direct sales through the retail dispensers, thereby retaining all of the margins throughout the fuel supply chain.
Additionally, the Company intends to partner with a major manufacturer of fuel dispensers to develop new technology for the blending of biodiesel and petroleum diesel through the high-speed dispensers that truckers are acquainted with using at the fueling lanes at typical truck stops.
About Evolution Fuels, Inc.
The Company endeavors to market renewable transportation fuels at retail fuel stations that will provide blends of ethanol ranging from 10% to 85% (E10 to E85), and biodiesel blends from 5% to 20% (B5 to B20). The Company's plan calls for the development of a chain of renewable fuel stations that extend from Texas to Mississippi that will be a combination of "Evolution Fuels"-branded fuel stations/convenience stores and western-motif truck stops modeled after the Willie's Place Truck Stop in Carl's Corner, TX. The Company's Web site is www.evolution-fuels.com.
(PINKSHEET: HDUP - HeadsUp Entertainment International, Inc.)
LATEST NEWS!!
HeadsUp Entertainment Inc. Outperforms Business Plan Projections and Positions Itself for Exponential Growth
CALGARY, ALBERTA, Oct 26, 2009 HeadsUp Entertainment Inc. a wholly owned subsidiary of HeadsUp Entertainment International Inc. (the "Company")(PINK SHEETS: HDUP) is pleased to provide a corporate overview and shareholder update to announce that the Company has met and exceeded all major benchmarks within its business plan for the first 3 quarters of 2009 as well as having positioned itself to take advantage of a number of opportunities for accelerated growth in upcoming months.
After acquiring the Canadian Poker Tour (CPT) brand in July of 2008, the company has increased its market position in the landbased casino sector by hosting and sanctioning over 350 poker events in 2009 and has expanded operations into all provinces. The successful launch of the CPT Players Card has monetized the player base that has been building since the original launch of the tour in 2003. By developing and enhancing relationships with its casino operating partners across the country, the Company has become the dominant force in the Canadian marketplace.
Plans for the 2010 season include the addition of numerous sponsorship partners, which will be offering a variety of value propositions to the CPT membership base. To enhance the revenue model for the Company, negotiations are underway to turn the player's card into a pre-paid affinity debit card with attractive incentives for members. This will create an additional revenue source for the Company, positioning itself to capturefinancial service charge revenues through profit sharing agreements. Point of sale transactions will be facilitated at all participating casino cages whereby players can load their cards with tournament winnings and receive affinity points by paying for tournament registrations with their pre-paid CPT affinity card. Feedback from casino partners has been extremely positive as incentives to have players use less cash for tournament entries is a substantial benefit.
Publishing Canadian Poker Player Magazine, Canada's only exclusive poker publication, has seen revenues increase sharply over this fiscal year.
The upcoming December issue will have 6 new advertisers and feedback from readers and sponsors alike has been very positive. The launch of the new canadianpokerplayer.com website is set for early in the new year and will feature an exclusive socialcommunity for players that is designed to meet all informational needs of any player in the country whether looking for online or live tournament listings, forums and blogs, real time news feeds and call to action incentives from Company sponsors.
As recently announced, HeadsUp is about to launch its own online poker television network. Having produced over 21 hours of original Canadian poker programming, the broadcast format allows for the Company to re-monetize investments made over the past 4 years and continue strengthening its brand awareness and market position. This innovative format will feature live updates at the top of the hour promoting sponsors online events, the CPT series of sanctioned events and promotion of corporate initiatives. The Company has been very pleased with the interest of potential advertisers both from the online poker sector as well as non-traditional sponsors looking to target the player demographic. Revenue models are being designed to maximize the value of sponsorship while offering an entertaining product that offers viewers specific marketing incentives.
Poker tourism and proprietary events have been a strong business unit for the Company in 2009. The strategic marketing alliance with the World Poker Showdown (WPS) has opened many doors to new relationships and new advertisers. The upcoming co-branded event at Jazz Casino in Jaco, Costa Rica in November looks to be the most successful tournament yet for the emerging partnership and the Company will be making an announcement outlining further developments later this week involving the WPS.
The management has been working at continuing to secure its dominant position within the Canadian marketplace. With Canada now in the top three countries for online poker revenues, our ability to deliver messaging through the media model we have built is unparalleled. Currently producing the majority of televised poker from within Canada, our exclusive media partnership with The Score Television Network has been a key factor in our success. This accompanied by building barriers to entry from potential competitors with our landbased partners, dominance in specific media branding through print and television and the new online television network, has positioned HeadsUp to ultimately be a candidate for acquisition from a number of major players in the poker sector. The value of the model management has designed comes not only from revenues from its specific business units but the overall value of having consolidated the players within Canada into a national organization. Our goal is to strive to continue to build shareholder value through increasing the player base and land based casino infrastructure in the country.
This week the Company is submitting the required information to Pinksheets.com to meet the higher tier listing requirements and providing full and complete disclosure to shareholders, including the last two quarterly financial statements. In addition, the Company is completing its audited financial statements for submission to becoming fully reporting and moving off of the pinksheet market.
About HeadsUp Entertainment International Inc.
HeadsUp Entertainment International Inc. is a global media and entertainment company engaged in the creation of branded entertainment through the development, production and marketing of televised programming based on poker and other entertainment themes. For more information see the Company's website www.headsupentertainment.com.
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