Austin, TX 10/22/2007 9:52:07 PM
Speak with other shareholders about: (OTCBB: TNRO), (OTCBB: UDTT), (Pink Sheets: FCCN), (OTCBB: SIBE).
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Terra Nostra Resources Corporation (OTCBB: TNRO) (Wed, October 17, 2007, 12:27pm EDT) Terra Nostra Resources Corporation is pleased to announce that it has undertaken additional steps to increase its majority ownership in both Shandong Terra Nostra Jinpeng Metallurgical Co. Ltd. and Shandong Quanxin Stainless Steel Co. Ltd. from 51% to 90%.
Terra Nostra is increasing its ownership in the two joint ventures under the framework of an Equity Transfer Agreement entered into with its Joint Venture partners in April 2007. The Company is moving forward with an independent valuation of the respective operations, which will form the basis for final negotiations between the parties.
The transaction is expected to be completed not later than December 31, 2007.
"Overall market conditions remain strong, with the joint venture operations continuing to ramp up production levels to meet customer demand, maximize manufacturing efficiencies, and deliver top and bottom line growth for shareholders", said Mr. Sun Liu James Po, Terra Nostra's CEO, "and we therefore believe this to be an opportune moment to work towards completing this transaction."
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Universal Detection Technology (OTCBB: UDTT) (Fri, October 19, 2007, 7:00am EDT) Universal Detection Technology (http://www.udetection.com), a developer and provider of early-warning monitoring technologies to protect people from bioterrorism and radiological weapons, reported on the most recent advances on the development of the Microbial Event Monitor (MEM) Project. The MEM is designed to monitor the air for airborne bacteria including the deadly MRSA (Methicillin-Resistant Staphylococcus Aureus). The technology is under exclusive license to UDTT from the California Institute of Technology (Caltech) Office of Technology Transfer and is protected under a provisional patent.
The technology originated out of NASA's concern of Microbial buildup in closed-loop environments such as the International Space Station. Such buildups are detrimental to the health of the astronauts. UDTT licensed the technology in February 2006 and commenced the commercialization of the technology into an airborne monitor for indoor bacterial levels. The technology has been successfully tested by NASA's Jet Propulsion Laboratory at the Environmental Control and Life Support System at Marshall Space Flight Center.
According to a recent paper published in the Journal of the American Medical Association, the MRSA microbe, a strain of a once harmless staph bacterium that has become invulnerable to first-line antibiotics, is responsible for more than 94,000 serious infections and nearly 19,000 deaths each year. Recent reports also indicate the spread of MRSA into the nation's schools including a recent fatal case in a Virginia high school.
''We have been aware of the threat of MRSA for some time now and have actively pursued the development of technology to measure airborne microbe levels,'' said Mr. Amir Ettehadieh, UDTT's Director of Research and Development. ''Our goal is to have a system that would warn hospital officials of elevated microbe levels thus triggering sterilization of the premises before widespread infection,'' he added.
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Franchise Capital Corporation (Pink Sheets: FCCN) (Fri, October 19, 2007, 12:47pm EDT) Franchise Capital Corporation today announced that the company expects to file the Current Report on Form 8-K that includes details of its acquisition of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, before the end of business today.
Bryan Hunsaker, chief executive officer of Franchise Capital and Aero Exhaust, commented, "We apologize for the protracted delay in filing the Form 8-K. We have received assurances that the necessary information will be included in the document and all the appropriate reviews will have been completed, so the Form 8-K can be filed by 5:30 Eastern time today.
"We are anxious to file the Form 8-K, so we can move forward with the business of Aero and articulate its strategy as a public company. There is a great deal to discuss regarding the current operations of the company and its future expectations. It is in the best interests of Aero and our shareholders that we have the Form 8-K filed as soon as possible, so we can begin these discussions.
"Again, we regret the delay and look forward to the Form 8-K filing later today," he added.
The definitive agreement regarding the acquisition of Aero Exhaust by Franchise Capital was executed in January 2007, and at that time, Franchise Capital announced that it expected to exchange up to 95% of its total issued and outstanding capital stock in exchange for all of Aero Exhaust's issued and outstanding shares. Franchise Capital provided approximately $1.9 million in financing in the form of a commercial loan to Aero as part of the transaction. The value of the loan and any accrued interest were converted into Aero Exhaust common stock as part of the share exchange, which increased the percentage of the public company's issued and outstanding common stock retained by Franchise Capital shareholders. The final number of shares exchanged, including the additional percentage retained by Franchise Capital shareholders, will be included in the 8-K filing.
The 8-K will also include the audited financials of Aero Exhaust and additional detailed information on the company.
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Sibling Entertainment Group Holdings, Inc. (OTCBB: SIBE) (Fri, October 19, 2007, 7:30am EDT) Sibling Entertainment Group Holdings, Inc. ["Sibling Holdings"] announced the critically acclaimed musical HATS! produced by Dick Foster Productions, Inc. ["DFP"] in association with Sibling Theatricals, Inc.
["Sibling Theatricals"], a wholly-owned subsidiary of Sibling Entertainment Group, Inc., opens at Harrah's Las Vegas on January 12, 2008. Sibling Entertainment Group, Inc. is the company with which Sibling Holdings has previously signed an Agreement of Acquisition and Plan of Reorganization, the closing of which is currently pending. (See "Note to Editor" below for an explanation of Sibling Holdings relationship to Sibling Entertainment Group, Inc. and Sibling Theatricals).
"We are elated to once again present our show in a Harrah's venue," said Mitchell Maxwell, President and CEO of Sibling Holdings. "We received fantastic audience response when we opened HATS! at Harrah's New Orleans in January 2007."
"Harrah's Las Vegas is their flagship venue. We're excited that Harrah's has partnered with us to present HATS! in Las Vegas. Working together, these two great entertainment companies will ensure that HATS! has a long, healthy run at Harrah's Las Vegas," he said.
"David Gravatt, DFP COO, and his entire team has done a fabulous job casting this show! When we entered into our agreement to purchase the majority of Dick Foster Productions, Inc., stock in February 2007, it was for this very reason," Maxwell said.
"Dick Foster and his team have great relationships with the entire Harrah's organization. This production of HATS! allows DFP to showcase their ability to cast and direct a show, design and create fabulous costumes, and to design and create spectacular sets," he said.
Friendship, fun and fabulousness meet in HATS! This witty stage show chronicles one woman's anxiety over her impending fiftieth birthday and how she chooses to embrace this landmark event with the support of her friends. Already a smash hit with audiences and critics across the country, the 75- minute comedic musical production has been designed by DFP with Las Vegas flair.
HATS! features seven dynamic and compelling women whose unique approach to celebrating life appeals to audiences of all ages. The show centers around Maryanne and the wild cast of characters who accompany her on her journey toward her 50th birthday.
The zany and unpredictable Ruby introduces Maryanne to the outrageous Contessa Confessa; to the bold and spirited Duchess DeLovely; to the fast talking, corporate executive Baroness; to the multi- talented Dame who can provide "tech support" to anyone 24/7; and finally to Maryanne's mother, Lady, who is filled with optimism and enthusiasm for her daughter.
Outrageous costumes, scenic design, clever choreography and memorable music make HATS! a truly unique production. HATS! features a score of original songs by some of Broadway's most celebrated songwriters, including three-time Tony Award-winner Doug Besterman, Tony-nominated lyricist Susan Birkenhead, Tony-nominated composer-lyrist Carol Hall, Tony-nominated composer and three- time Academy Award nominee Henry Krieger, Grammy Award-winners Melissa Manchester and Pam Tillis, Golden Globe-winner Amanda McBroom as well as Kathie Lee Gifford, Michele Brourman, Pat Bunch, Gretchen Cryer, Anthony Dodge, Sharon Vaughn, Beth Falcone, David Friedman, David Goldsmith and Stephen Lawrence.
HATS! premiered in Denver in October 2006, opened in January 2007, at Harrah's New Orleans Casino Hotel and premiered in Chicago at the Royal George Theatre on April 29, 2007, to rave reviews. The Chicago Tribune says HATS! is "a music-and-comedy celebration ... .It will make a lot of people feel empowered. It does so with integrity, craft and heart." The Denver Post says "That's a real audience emitting real belly laughs and crying real tears. I have never seen an audience so affected in the course of watching theater." Finally, Variety raves "This is a feel-good show that's really about feeling good."
HATS! is inspired by the fun-loving lifestyle encouraged by the Red Hat Society.
According to founder Sue Ellen Cooper, the Red Hat Society (RHS) is a worldwide organization with over 30,000 chapters in all 50 states plus 25 countries offering fun, community and empowerment for passionate, likeminded women who believe in the joys of sisterhood at any age. With distinctive red hats and purple outfits, RHS members can be found everywhere. The organization is celebrating its 10th anniversary in 2008. For more information on the Red Hat Society, visit www.redhatsociety.com.
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