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Etelcharge.com (OTCBB: ETLC)
Oct. 11th, 2007-- Etelcharge.com (OTCBB: ETLC) (www.etelcharge.com), the new online way to pay(TM), today announced that Robyn Priest has been appointed Chief Financial Officer.
Priest was formerly a Vice President and Assistant Treasurer of CompUSA.
Robyn has a distinguished background, having previously served as a finance executive in public companies. She has also served in the capacity of Chief Financial Officer. Robyn injects solid business discipline and strict business control procedures. Her background and experience in the detailed specifics of retail finance and online merchant sales are a great complement to Etelcharge's business model. Robin Priest is a Certified Public Accountant and a graduate of the University of South Florida.
"I am excited about the direction and the opportunity as Etelcharge is transformed into a full-fledged service and marketing organization," Priest stated. "I look forward to fulfilling my role on the management team as we take the Company to the next level and fulfill all consumer, vendor and regulatory requirements. Along with that, I believe my role in solidifying strategic alliances, joint ventures and vendor agreements from a financial standpoint will assist in our anticipated growth," she concluded.
"Robyn brings the expertise, the energy and the tenacity we need on our management team," said Rob Howe, Chairman and CEO of Etelcharge. "As we take this business forward, Robyn will have far and away the bandwidth necessary for us to handle the complexities we'll face in the days ahead. She's a pro. I'm grateful she has joined us as the permanent CFO."
About Etelcharge.com
Etelcharge.com (OTCBB: ETLC), the first Web 2.0 online payment system, provides online shoppers the ability to charge approved transactions to their telephone bill. While addressing the concerns online shoppers have about identity fraud and identity theft, the Etelcharge payment option is also a perfect match for the millions of individuals without a credit card, or even a bank account. For more information, go to www.etelcharge.com.
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Uranium Resources, Inc. (NASDAQ: URRE)
Uranium Resources, Inc. (NASDAQ: URRE) ("URI" or the "Company") announced today that it has entered into a definitive agreement with BHP Billiton to acquire 100% of the ownership of Rio Algom Mining LLC ("Rio Algom"). Under the agreement, URI will pay BHP Billiton $110 million in cash and assume certain retirement benefits and reclamation liabilities of which up to $35 million will be pre-funded at closing. URI will also pay BHP Billiton $16.5 million contingent upon the receipt of a license from the Nuclear Regulatory Commission (NRC) to construct and operate a conventional uranium mill. The transaction is expected to close on or before June 1, 2008 and is subject to customary closing conditions, financing and regulatory approvals.
The purchase includes a strategically important NRC-licensed mill site with associated water rights in the historic Ambrosia Lake District of New Mexico. Located 20 miles north of Grants, NM, the site could cut in half the time needed to build a new mill in the district versus building a mill on a green field site. In addition, URI will acquire 14,000 acres of surface fee land and mineral interests in Ambrosia Lake that contain 20 million pounds of mineralized uranium materials based upon a report by Behre Dolbear, an international mineral industry consultant to the Company. The Company will also acquire a licensed mill site south of Moab, Utah.
"The purchase of Rio Algom provides one of the key assets we need to achieve our strategic goal to produce 10 million pounds of U3O8 per year by 2014," commented Dave Clark, URI's President and Chief Executive Officer. "We believe building a new mill on a NRC licensed site with associated water rights could allow production to begin within four to five years."
Mining at Ambrosia Lake began in the 1950s when Kerr-McGee constructed what was at the time the largest operating mill in the U.S. At its peak, the mill processed 7,000 tons of ore per day. The mill was dismantled in 2003.
After the acquisition, URI plans to construct a new environmentally-sound, state-of-the-art milling facility at the Ambrosia Lake site to process uranium ore that is mined from around the region. The planned mill is expected to employ over 200 people once in operation, and will have the capacity to process up to 8,000 tons of uranium ore per day. When commissioned, the mill will be capable of processing all of the remaining conventional ore in the Grants Mineral Belt, which could total 200 to 300 million pounds U3O8, including up to 70 million pounds of uranium from URI-owned projects. Over the next several months, URI plans to evaluate various opportunities for joint venture and/or toll milling arrangements with several companies who could benefit greatly from a local-operating mill.
"Every aspect of the new Ambrosia Lake mill will be planned and designed with the safety and well-being of the environment, the community and our future employees in mind," said Clark. "Not only will the mill have a tremendous positive impact on the local and regional economies, it will also be a significant benefit to other uranium mining companies who require a licensed conventional mill to advance their own projects toward production."
The acquisition positions URI at the forefront of New Mexico's uranium-mining resurgence. Upon completion of the acquisition, URI will own approximately 112 million pounds of mineralized uranium materials in New Mexico. And, upon receipt of the license amendment from the NRC, URI will possess the only two NRC licenses associated with uranium mining and milling in the state. In total, the transaction will increase the Company's New Mexico asset base by 22%.
"URI is proud to be paving the way for future uranium mining projects in New Mexico," added Clark. "We are committed to responsible development practices in advancing both our ISR and conventional projects, and we look forward to working together with local and state government leaders, community members and other key stakeholders in bringing the economic benefits of uranium mining back to New Mexico."
Advisors
CIBC World Markets Corp. is acting as exclusive financial advisor for URI. Baker & Hostetler is acting as legal advisor for URI.
Conference Call and Webcast Information
URI is hosting a teleconference and webcast today at 10:00 a.m. ET to discuss the acquisition. The URI conference call can be accessed by calling
Alternatively, the call will be webcast and can be heard from the Company's website at http://www.uraniumresources.com. Participants should go to the website 10 - 15 minutes prior to the scheduled conference in order to register and download any necessary audio software.
An investor presentation which includes details regarding the acquisition will also be available on the website prior to the call.
An archive of the teleconference can be heard by calling
The archived webcast will be available at http://www.uraniumresources.com. A transcript will also be posted, once available.
ABOUT URANIUM RESOURCES, INC.
Uranium Resources, Inc. explores for, develops and mines uranium. Since its incorporation in 1977, URI has produced over 7 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas, where the Company currently has ISR mining projects. URI also has 183,000 acres of uranium mineral holdings and approximately 92 million pounds of uranium in New Mexico. The Company acquired these properties over the past 20 years along with an extensive information database. URI's strategy is to capitalize on the strong global market for uranium by fully developing its resource base in Texas and New Mexico, acquiring new assets and pursuing joint ventures or partnerships.
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Applied Micro Circuits Corporation (Nasdaq: AMCC)
Oct. 10th, 2007-- Applied Micro Circuits Corporation (Nasdaq:AMCC) will conduct a conference call with analysts and investors following the release of its second quarter fiscal 2008 results on Thursday, October 25, 2007.
AMCC will issue a news release announcing the company's second quarter results after the close of the market on October 25, 2007. The text of the press release will also be available on AMCC's web site at http://www.amcc.com.
The conference call will be webcast from the investor relations section of the company's web site beginning at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on October 25, 2007. To listen to the webcast, or to view the press release or the financial or other statistical information required by SEC Regulation G, please visit the investor relations section of the AMCC website at http://www.amcc.com. The webcast will be recorded and available through the close of business on November 1, 2007.
To listen to the conference call by telephone, dial
About AMCC
AMCC is a global leader in network and embedded PowerPC(r) processing, optical transport and storage solutions. Our products enable the development of converged IP-based networks offering high-speed secure data, high-definition video and high-quality voice for carrier, metropolitan, access and enterprise applications. AMCC provides networking equipment vendors with industry-leading network and communications processing, Ethernet, SONET, OTN and switch fabric solutions. AMCC is also the leading vendor of high-port count SATA RAID controllers enabling low-cost, high-performance, high-capacity storage. AMCC's corporate headquarters are located in Sunnyvale, California. Sales and engineering offices are located throughout the world. For further information regarding AMCC, please visit our web site at http://www.amcc.com.
AMCC is a registered trademark of Applied Micro Circuits Corporation. The PowerPC name and logo are registered trademarks of IBM Corporation and used under license therefrom. All other trademarks are the property of their respective owners.
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Universal Detection Technology (OTCBB: UDTT
Oct. 11th, 2007-- Universal Detection Technology (http://www.udetection.com) (OTCBB: UDTT), a developer and provider of early-warning monitoring technologies to protect people from bioterrorism and radiological weapons, announced that it has received more orders for its bioterrorism detection kits stemming from its presentation during the Gulf Security conference in Sarasota, hosted by the Sarasota Sheriff's office. Orders are in addition to the ones announced previously.
UDTT (http://www.udetection.com/) marketed its counter terrorism solutions including the Company's bioterrorism detection kits, BSM-2000, real time anthrax detector, and radiological detection systems during the conference to members of law enforcement. The kits were billed to the security agencies and the US Army through SSI as part of the participation fee for the counterterrorism training at the Gulf Coast Terrorism Prevention Conference.
"We are pleased to receive additional purchase orders even after the conference and we hope to increase our market share through our marketing efforts," said Mr. Jacques Tizabi, UDTT's Chief Executive Officer.
For more information please visit http://www.udetection.com or
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA, has developed a bioterror 'smoke' detector that detects certain biohazard substances. For more information, please visit http://www.udetection.com.
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Cardiac Network Inc. (PINKSHEETS: CNWI)
Oct. 10th, 2007-- Cardiac Network Inc. (PINKSHEETS: CNWI) announced today that it has been issued a CMS (Blue Shield of California) Provider number for its State of the Art, Patient Monitoring Center in San Francisco and has received approval to bill for its monitoring services.
This approval enables Cardiac Network's patients to be reimbursed by Blue Shield of California.
Cardiac Network Inc. offers a new service that makes it easy and convenient for patients to check their symptoms at their earliest cause for concern from anywhere, at any time from onset of symptoms to treatment. Cardiac Network patients are provided a small, easy to use, FDA-Approved handheld EKG device. These devices are capable of recording a 1, 2, 3 channel EKG. The results can reach the referring physician in a few minutes via e-mail, fax, or telephone. Patients have immediate, 24-hour access to the Cardiac Network Call Center, which is staffed with EKG state certified technicians, supervised by well-renowned, board-certified cardiologists.
"This is another great moment for Cardiac Network Inc., and will enable us to expand our Cardiac Telemetry services to an additional 3.2 million members that are now covered by Blue Shield of California," stated Zev Helfer, President and CEO of Cardiac Network Inc.
About Blue Shield of California
Blue Shield of California, an independent member of the Blue Shield Association, is a not-for-profit health plan dedicated to providing Californians with access to high quality care at a reasonable price. Founded in 1939, it now has 3.2 million members, 4,500 employees, one of the largest provider networks and more than 20 office locations, providing a wide range of commercial and government products throughout the state. The company contributes $30 million annually to the Blue Shield of California Foundation to fund nonprofit organizations that improve access to quality health care in California.
For all Cardiac Network investor relations needs, investors are asked to visit the Cardiac Network IR Hub at http://www.agoracom.com/IR/CardiacNetwork where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to CNWI@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
Learn more about Cardiac Network Inc. by visiting, http://www.cardiacnetwork.net/
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