News / Business
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S2C Global Systems (OTCBB: STWG) designer and developer of the "S2C Aquaduct" commercial vending system that delivers pre-packaged, 5-gallon bottled water from the bottling plant to the consumer, announces the signing of a Letter of Intent with GB Support Services of Manchester, UK. This LOI will lay the groundwork for a formal Joint Venture Agreement regarding distribution and marketing of the Company's products in Europe, commencing with the United Kingdom.
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Terax Energy (OTCBB: TEXG), soon to be called Westar Oil and Gas Inc. (Westar), announced that Westar has purchased on the open market a controlling shareholder position in Truestar Petroleum Corporation listed on the Canadian exchange. Westar purchased for cash nearly 18 million shares. Westar intends to dramatically increase the production and value of the assets of Truestar. The Texas-based assets of Truestar provide an amazing opportunity for Westar to develop. It is of particular advantage for Westar given the large acreage position and the close proximity of the Truestar leases to the Westar operations.
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Transnational Automotive Group, Inc. (OTCBB: TAMG), a global leader in transportation services and sustainable energy for the developing world, today announced that it has achieved several key milestones in fiscal first-quarter 2008 in its operations within the nation of Cameroon.
Revenue for the quarter reached $1.585 million, nearly doubling the $862,000 the company generated for the entire 2007 fiscal year. TAUG is on course for more than $6 million in annual revenue for FY 2008, without taking into account additional potential revenue from anticipated increased ridership and additional planned bus routes.
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Release date: 25 Jul 2007
