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Dec 30, 2009 (M2 PRESSWIRE via COMTEX) --
STOCK MARKETING INC PRESENTS : (OTCBB: VHGI) VirtualHealth Technologies, Inc., (OTCBB: SECI) Sector 10, Inc., (PINKSHEETS: INIX) Ifinix Corp., (OTCBB: SBAY) Subaye, Inc., (PINKSHEETS: ICTN) Innovative Communications Technologies, Inc.)
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(OTCBB: VHGI - VirtualHealth Technologies, Inc.)
LATEST NEWS!!
VHGI Targets Experienced Mining Industry CEO for Development of Treasure Gulch Processing Facility Targeting $50,000,000 Gold Reserves and Reentry of VHGI into the Gold Mining Industry
LEXINGTON, Ky., Dec 29, 2009 -- Virtual Health Technologies, Inc. (OTC Bulletin Board: VHGI) confirmed today that VHGI Gold (a wholly owned operating subsidiary of VHGI) is down to a select few candidates to lead the company's reentry into the Gold Mining Industry. While the company has qualified advisors to assist with evaluating plans to put the Treasure Gulch and Zero Mines into production, VHGI intends to accelerate the process through the installation of a seasoned mining project development officer to spearhead the process.
"During the 90's our former CEO was instrumental in the company's evaluation and acquisition of domestic mining claims, oversaw construction and development of mining and ore processing installations for these opportunities and assisted with raising capital for VHGI to pursue these and other operations," said Jim Renfro, President of VHGI. "No matter how well staffed our advisory board is, there is no substitute for full time incentivized management for VHGI Gold. VHGI intends to bring on board qualified personnel to assist with the financing, development and construction of a 6 Ton/Hr hard rock processing facility to target the $50,000,000.00 in potential gold reserves detailed in VHGI's recent 8K filing as quickly as possible. We hope to announce an appointment to that effect over the coming weeks." "Even taking into account start up costs and front-end capital expenses, the 12 month pro-forma financial model shows us to be cash flow positive within 120 days of commencing operations at the Treasure Gulch and Zero Mines. An initial investment of $1.5 million could produce first year revenues of $4.7 million and earnings of $3.4 million; second year revenues and income are forecast higher as the bulk of the expenses come from the initial construction costs," continued Renfro. "While financing requirements need to be addressed and other work remains to transition the property into a profitable venture, we intend to get this property into production as quickly as possible." About VHGI and VHGI Gold VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and Precious Metals Markets. VHGI Gold, a wholly owned subsidiary of VHGI has recently initiated steps to leverage the company's operating history and corporate resources within the Gold Mining Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures. Investors are invited to obtain information concerning our operations at http://www.virtualhealthtechnologies.com or http://www.vhgigold.com or by calling shareholder relations at 859-514-6982.
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(OTCBB: SECI - Sector 10, Inc.)
LATEST NEWS!!
Sector 10, Inc. CEO Message to Investors and Supporters
BELLEVUE, WA, Dec 29, 2009 -- Sector 10, Inc. (OTCBB: SECI) (FRANKFURT: 4SR1) A message from Sector 10, Inc. Company CEO Pericles DeAvila to Investors and Supporters: I wanted to personally wish you a Happy New Year and a prosperous 2010. Sector 10, Inc. is looking forward to the year ahead and the impact our technology will have on the US market and globally. Our life saving technologies represent a parading shift for emergency response and will change the industry as it stands today. In their early stages, many new technologies face unexpected challenges during the process of introduction into new markets. In 2009, Sector 10, Inc. successfully dealt with many of these unexpected challenges which delayed the introduction of our services and products to market. With new capital and a clear path to execution, we are prepared to launch our products and technologies.
In 2010, we expect the PLX-3D system and our self-rescue devices will be adopted by several US cities as a tool that will allow responders, emergency personnel and facilities managers the ability to manage population, facilities and response systems during incidents or disaster of any magnitude from a mobile interface. The PLX-3D system is a bridging/integration platform that integrates Sector 10's pre-deployed self-rescue devises (MRU and SRUs), with the latest technology in personnel tracking, 3D video surveillance, full spectrum communications and a layered toolbox of interoperable accountability systems to save lives and coordinate response capabilities during times of incidental uncertainty. Sector 10's systems are fully self-sufficient and rely on a multitude of redundancy protocols to ensure their survivability during losses of power and legacy terrestrial communications.
Thank you for your past and continued support as we launch our products in 2010. We will continue to release news of our progress and achievements as they develop.
Happy New Year! About Sector 10, Inc. (http://sect.qualitystocks.net) Sector 10, Inc. is redefining the emergency response paradigm from centralized equipment staging to onsite pre-deployed resources. Sector 10 is the only emergency response systems company so strongly emphasizing pre-deployed resources as the way to save lives, avert injuries, reduce liability and to "Bridge the Survival Gap." http://www.sector10inc.com.
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(PINKSHEETS: INIX - Ifinix Corp.)
LATEST NEWS!!
iFinix Corp. Announces RealTime Launch Date
PLAINVIEW, NY, Dec 29, 2009 -- iFinix Corp (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, announced today that it will launch its iFinix RealTime software on January 4, 2010.
iFinix RealTime is a comprehensive setup package, which can be operated by both novices and professional traders in order to significantly increase their effectiveness and profitability. It excludes the functionality for executions and account management. RealTime is a "cutting edge" powerful analysis system that is beneficial to traders who wish to use the system only for information and analysis.
The cost for the product is $30.00 per month and includes NYSE Level 1, NASDAQ Level 1 [this includes OTC-BB], Pink Sheets Level 1 & Level 2, NASDAQ Level 2 will cost an additional $9.50 and all new subscribers can take advantage of the 14-day Free Trial Offer.
The initial launch on January 4 will not include the Pink Sheets data. Once the data center completes testing of the feed, it will be added seamlessly into RealTime. It is anticipated that this will occur during the initial two-week free trial. In the event the Pink Sheets feed is not live at that time, the cost of RealTime will be reduced to $20 per month. Once the Pink Sheets feed is added, the cost will be $30 per month.
You can sign up for your free trial at http://www.ifinixsoftware.com/subscribe.html CEO Benhope Munroe stated, "I am delighted to say that with the launching of our RealTime software, iFinix has successfully completed its strategic goals for the entire year 2009. Due to the shortened week and long holiday weekend, it was decided to launch on Monday, January 4. Many thanks to our loyal shareholders for their continued support and patience as we worked through the various hurdles in preparing a most elegant product for the marketplace. I look forward to working with our unparalleled management team to continue expanding iFinix suite of products in the years to come. Happy Holidays to all of you from the 'little train that could.'" About iFinix Corp.: iFinix is a diversified information technology services and solutions company with expertise systems integration, outsourcing, and infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news, and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.iFinix.com
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(OTCBB: SBAY - Subaye, Inc.)
LATEST NEWS!!
Subaye Announces Fiscal 2009 Year-End Results
--Revenue up 64% Year-Over-Year to $47,987,000--Net Income up 159% Year-Over-Year to $9,778,000--EBIDTA up 86% Year-Over-Year to $18,748,000
GUANGZHOU CITY, China, Dec 30, 2009 -- Subaye, Inc. (OTC Bulletin Board: SBAY)("Subaye" or the "Company") announced its financial results for the fiscal year ended September 30, 2009.
Mr. Cai, the CEO, stated: "I am very pleased with our financial results for fiscal 2009. Our online membership business had a tremendous year. Our entertainment media division generated solid revenue growth and invested in some promising assets. Our trading business recovered nicely from the economic turmoil of the past year and is very well positioned moving ahead. I expect we will deliver double digit revenue and earnings growth in fiscal 2010." Mr. Crane, the CFO, stated: "It is important to note that our EPS for 2009 does not account for the recent share issuances in the past few months and specifically the recent share exchange to acquire the minority interest of Subaye.com, Inc. We currently have approximately 6.7 million shares of common stock outstanding and if we applied this number of shares outstanding and factored in the effect of the share exchange in that we now own 100% of Subaye.com, Inc, our EPS would decrease substantially. However, we also incurred a significant one-time nonrecurring expense of approximately $6.7 million for an advertising promotion in the first half of fiscal 2009. If that one-time nonrecurring expense was added back to earnings, and all other stock issuances noted above were taken into account, our EPS would be approximately $2.93. An EPS of $2.93 represents growth of approximately 18% for fiscal 2009 as compared to fiscal 2008." The Company reported revenue of $47,987,000 for the fiscal year ending September 30, 2009, up 64% from $29,172,000 in fiscal year 2008. Net income grew 159% year-over-year to $9,778,000 or $5.33 EPS, up from $2.47 EPS in the prior year period, both of which are adjusted for the recent reverse stock split. EBIDTA in fiscal 2009 was $18,748,000, up from $10,096,000 from fiscal 2008. Gross margin for fiscal 2009 increased to 49% from 30% in fiscal 2008. Net margin increased for fiscal year 2009 to 20% as compared to 13% in fiscal 2008.
About Subaye, Inc.
Subaye, Inc. ("Subaye" or the "Company"), is a leading video advertising and entertainment media provider in China. Subaye's platform includes production, upload, storage, sharing and publishing onto more than 33 main video sharing portal websites. Subaye also offers SaaS business solutions and is in the process of developing what Subaye believes is the first online shopping mall in the world that will utilize 3D imaging throughout the online customer interface. The Company's http://www.subaye.com and http://www.x381.com websites are generating revenue, while its other web-based businesses are under development or offering free services to potential customers at this time. Subaye's video sharing services, SaaS solutions and its online shopping mall will be fully integrated in 2010. Subaye's members will use Subaye's SaaS online content management software to manage their online video and graphic showcases, maintain customer data and to manage operations within their webshops at the online shopping mall. As of November 30, 2009, the Company had approximately 63,000 members. The Company's video database consisted of over 72,000 profiles of corporate video showcases. These showcases offer a cost-effective venue for small to mid-size enterprises ("SMEs") to advertise their products and services and establish and enhance their corporate brands. The visitors of Subaye's websites, namely http://www.subaye.com , view the video showcases for Subaye's members in order to select products or services they wish to purchase. The http://www.subaye.com
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(PINKSHEETS: ICTN - Innovative Communications Technologies, Inc.)
LATEST NEWS!!
Innovative Communications Technologies, Inc. Acquires Pangea Networks, Inc.
SEATTLE, WA, Dec 29, 2009 -- Innovative Communications Technologies, Inc. (PINKSHEETS: ICTN) announces that it has acquired controlling interest in Pangea Networks, Inc. by way of a share exchange. Pangea operates as Baristas Coffee Company ("Baristas"). The initial transaction closing occurred on December 22, 2009, when an agreement was reached for ICTN to purchase in excess of 60% of the issued and outstanding shares of Pangea. Under the terms of the transaction, ICTN has offered each shareholder of Pangea the opportunity to exchange each share of Pangea for twenty shares of ICTN. The offer to the current shareholders of Pangea expires in thirty (30) days.
The companies will continue to operate as two separate companies and will maintain separate accounting, facilities, and business objectives.
This transaction provides the opportunity for ICTN to enter into new and emerging businesses and allows Pangea access to capital and other resources that are necessary for it to continue its expansion plans.
Barry Henthorn, ICTN CEO, stated, "I have been extremely impressed with the quality of the team that Pangea has been able to assemble and admire their absolute commitment to the success of its business." Scott Steciw, Pangea President, stated, "This transaction is tremendously favorable for our investors and enhances our ability to further our business objectives. It has been accomplished and made possible due to the countless efforts of our entire team." About ICTN: Headquartered in Seattle, Washington, Innovative Communications Technologies, Inc., specializes in developing, marketing, and licensing communications, multimedia, and other businesses to emerging markets.
About Baristas: Headquartered in the Seattle, Washington area, Baristas (www.baristas.tv) was formed to create a national brand of drive-thru espresso stands. It is accomplishing this by acquiring established businesses that fit its model and by opening new locations. Baristas employs and promotes attractive female baristas trained to interact with the customers to maximize sales as well as prepare the finest beverages available. All baristas wear constantly changing and appealing costumes, allowing for customers to enjoy the anticipation of a fun, creative, new, and intriguing experience every day.
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