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HAPC, Inc. (OTCBB: HAPNW), down 1% on 2 million shares, today announced that its Special Annual Meeting of Stockholders, previously scheduled for October 19, 2007, to consider HAPC's proposed acquisition will be rescheduled for October 24, 2007 at 10:00 AM Eastern time, at the offices of Morgan, Lewis & Bockius LLP, 101 Park Avenue, New York, NY 10178. The record date will continue to be August 6, 2007. The meeting will reconvene on October 19, 2007, as previously scheduled, for the sole purpose of adjourning to the new date.
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Adobe Systems Incorporated (Nasdaq: ADBE), up 2% on 8 million shares, today announced it will be honored this evening with the Corporate Achievement Award from Smithsonian's Cooper-Hewitt National Design Museum. Presented as part of the 2007 National Design Awards, the Corporate Achievement Award recognizes corporations that help advance the relationship between design and quality of life. The award will be presented to Adobe at a gala dinner at Cooper-Hewitt in Manhattan.
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Platinum Energy Resources, Inc. (OTCBB: PGRI), up 1% on 1 million shares, announced Wednesday that it will hold a special meeting of its stockholders to vote on, among other things, its proposed acquisition of the assets of Tandem Energy Corporation, a Colorado company. The special meeting will be held on October 26, 2007, at 10:00 a.m., Eastern Daylight Time, at the offices of Sills Cummis & Gross P.C., One Rockefeller Plaza, New York, NY. The record date for stockholders entitled to vote at the special meeting was fixed as the close of business on October 11, 2007.
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PMC-Sierra, Inc. (NASDAQ: PMCS), up 1% on 8 million shares, yesterday announced that Bob Bailey will be retiring as the Company's president and chief executive officer once a replacement has been named. He will remain chief executive officer in the meantime. The Company's board of directors has established a search committee and will be considering both internal and external candidates for the position. Bailey will continue to serve as chairman of the board through his current term.
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Coates International, Ltd. (OTCBB: COTE), up 30% on 1 million shares, George J. Coates, Chief Executive Officer announced yesterday the completion of the development of its natural gas powered Coates Spherical Rotary Valve (CSRV) engine for incorporation in electric power generators. We have now developed and tested the 855 C.I. Industrial six cylinder CSRV engine and are making plans to commence production shortly.
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SOURCE GoAmerica, Inc.
Sun Cal Energy Inc (OTC BB: SCEY)
Sun Cal Energy Closes European Institutional $1 Million Equity Financing
SAN FRANCISCO, Sep 26, 2007Sun Cal Energy Inc., ("Sun Cal Energy")(OTC BB:SCEY), an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana, and the Green River Basin of Wyoming is please to announce that it has closed an equity financing for $1 Million.
To date, Sun Cal Energy has raised in excess of $4.3 million for the purpose of advancing exploration projects and investing in high impact oil and gas assets. Sun Cal Energy remains debt free. The proceeds from this financing will be used for project development and general corporate purposes.
J. Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy, states: "Our recent track record of success in the field has allowed us to reach milestones ahead of schedule, and access necessary capital to ensure our ability to complete the projects before us. From the capital raised, in excess of 90% has been directly spent on these properties. We look forward to seeing our current projects develop cash flow for the Company, and we eagerly look forward to the further development of our vast and growing portfolio of oil and gas assets." Sun Cal Projects Lokern Prospect - Sun Cal Energy has the exclusive oil and gas rights for the Lokern Prospect which comprises 400 acres of prime land in the oil & gas rich Kern County region, the most prolific area in the San Joaquin Valley in Southern California. The company owns a 45% Working Interest and a 75% Net Revenue Interest in the prospect. The Lokern Prospect's Structure is well defined based on 2D and 3D Seismic and well data, with an estimated recoverable 75+ million barrels of potential oil reserves.
South Jonah Prospect - Sun Cal Energy has a 100% working interest in 6,000 acres of high impact gas leases in the Jonah Field region of Wyoming - the second largest proven gas reserve in the United States. Sun Cal Energy's prospects are identified as South Jonah, which consists of 2,477.68 acres and West Jonah, consisting of 3,546.89 acres. Most of the surrounding acreage is currently held by EnCana and Yates Petroleum, with BP and Chevron/Texaco also holding significant positions.
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