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Zealous Trading Group, Inc. (OTCBB: ZLST) Up 17.65% on Tuesday
Detailed quote: http://beaconequityresearch.com/ZLST
December 04, 2007 - Zealous Trading Group Chooses EAI Technologies To Develop ZATS' Second Generation Trading Platform
Zealous Trading Group, Inc. (OTCBB: ZLST, "ZATS"; http://www.zealousats.com/; see merger information in "About Zealous Trading Group" below) has chosen EAI Technologies, LLC ("EAI") to develop its next generation trading platform and to serve as ZATS' long-term global technology partner. ZATS version 2.0, which is expected to launch in the first quarter of 2008, will provide users with significantly enhanced functionality over the current version 1.0 platform.
EAI Technologies specializes in enterprise Web application development, end-to-end design, product management, and new concept validation. EAI has extensive experience developing robust and scalable e-commerce and capital markets transaction platforms for clients such as VeriSign, AOL, Commerzbank, and the $500 billion annual fixed income-offering portal for the Federal Home Loan Bank.
"Although we are pleased with ZATS version 1.0, it became clear that in order to provide a highly scalable, global, multi-product platform we needed to partner with a company that has a proven track record of developing robust transactional systems for high profile clients," said Zealous Trading Group President and Chief Executive Officer Milton "Todd" Ault III. "After careful analysis, EAI was an easy choice."
Velan Thillairajah, Chief Executive Innovator of EAI Technologies, commented: "We saw a tremendous opportunity to contribute to Zealous' groundbreaking platform. We are excited about the restricted capital market space and know it will create value for issuers, investment banks, and hedge funds, as well as qualified investors. We look forward to helping make the new ZATS paradigm a reality."
GeneLink, Inc. (OTCBB: GNLK) Up 15.38% on Tuesday
Detailed quote: http://beaconequityresearch.com/GNLK
December 04, 2007 - GeneLink Signs Exclusive Retail Licensing and Distribution Agreement with Solgar Vitamin & Herb
GeneLink, Inc. (OTCBB:GNLK), a leading consumer genomics innovator announced today the signing of a multi-year exclusive retail licensing and distribution agreement with Solgar Vitamin and Herb of Leonia, New Jersey. With the creation of this strategic alliance, Solgar, in 2008, will begin marketing a brand of advanced genetically-guided nutritional supplements, called Nutrigenomx(TM), utilizing GeneLink's Nutritional System(TM) which includes its patented DNA Collection Kit and Genetic Compass(TM) reporting system. The agreement calls for Solgar to distribute Nutrigenomx(TM) exclusively via its extensive health food and specialty natural food retailers in North America. GeneLink and Solgar expect to be the first companies, on a retail basis, to offer a proprietary dietary supplement system tailored to an individual's genetic makeup.
"We are very pleased to have completed this groundbreaking agreement with Solgar," said Monte Taylor, CEO of GeneLink. "By combining Solgar's leadership in nutritional sciences with GeneLink's ten-plus years of research and advancements in consumer genomics and SNP testing, we have created an ideal marketing relationship for each of our companies. A personalized approach to wellness has become an important trend in health care and we are proud to partner with Solgar in this exciting development."
Rand Skolnick, President and CEO of Solgar Vitamin and Herb commented, "It has always been our mission to provide consumers worldwide with premium quality, innovative, science - based nutritional products that enhance overall wellness. We recognized GeneLink's leadership in consumer genomics, genetic testing and its rich intellectual property portfolio when we created our relationship. This cutting edge nutritional system will allow Solgar to provide consumers a unique and powerful personalized strategy designed to help maintain optimal health."
UOMO Media Inc., (OTCBB: UOMO) Up 6.56% on Tuesday
Detailed quote: http://beaconequityresearch.com/UOMO
December 04, 2007 - Mr. J. Sean Diaz Appointed to UOMO Media Inc.'s Board of Directors
UOMO Media Inc., (OTCBB:UOMO) a multi-channel entertainment and media company, announced today that Mr. J. Sean Diaz has been appointed to the company's Board of Directors.
Mr. Diaz earned his Juris Doctorate degree in 2001 from the Columbia Law School, where he was named a Harlan Fiske Stone Scholar, and his Bachelor of Arts in Sociology and Communications (1997) from the University of Pennsylvania. Mr. Diaz has been an Associate at the international law firm of Dechert, LLP, since 2004, practicing in the area of Structured Finance, and has counseled and represented top Wall Street investment banks in over 50 billion dollars of both public and private issuances. Prior to that, Mr. Diaz worked with the law firm of Proskauer Rose representing various media companies and start-ups, most notably the Recording Industry Association of America (RIAA) in the landmark Napster case.
Mr. Diaz is also a pioneer in the music and technology industries. From 2002-2003, Mr. Diaz served as Vice President of the seminal New York record label, West End Records, overseeing all aspects of production and publishing. In 2003, Mr. Diaz co-founded DancetracksDigital.com, an Internet music retail and distribution operation that currently services customers in nearly 100 countries.
"We are very happy to welcome Sean to our Board of Directors," commented Mr Camara Alford, President of UOMO Media Inc. "His professional experience as a corporate attorney and unique experience in the music industry provides us with a very valuable resource as we grow and expand UOMO."
SoftNet Technology Corp. (OTCBB: STTC) Up 6.25% on Tuesday
Detailed quote: http://beaconequityresearch.com/STTC
December 04, 2007 - SoftNet Technology Strengthens Core Business and Operations
SoftNet Technology Corp. (OTCBB:STTC) (German WKN:TG6) announced today that it had disposed of certain assets that will have a favorable impact on overall operations and cash flow.
The Company sold select accounts and contracts associated with the small business segment of the Company which was based in Atlanta, GA. The decision to divest these assets was based on the Company's decision to focus on its core business, IT Infrastructure consulting and project work, as well as the opportunities presented in the developing Application Delivery Practice.
"This was a decision that was made after thorough evaluation and consideration. While the Company still feels there is opportunity in the small business space, senior management felt strongly that the Company should focus on its core business, competencies and strengths. The small business operation relied on hardware as their primary sales point which is inconsistent with the Company's main mission, Professional Services, and had a negative affect on overall margins. Additionally, the small business operation was required a high labor content to maintain the operation. The labor savings, a reduction in 7 non-billable employees, associated with the divestiture will reduce the Company's monthly cash requirements. The sale will put pressure on the Q4 revenue target but the Company is optimistic it can recover the lost revenue by Q1 2008," said Jim Booth -- CEO.
The divested assets were sold to former members of the management team based in Atlanta and included a transfer of debt and other financial considerations.
Norsat International Inc. (OTCBB: NSATF) Up 6.15% on Tuesday
Detailed quote: http://beaconequityresearch.com/NSATF
December 04, 2007 - Norsat Expands Sales Presence in Europe, Middle East and Africa
Norsat International Inc. (TSX: NII) and (OTCBB: NSATF) ("Norsat"), a leading provider of intelligent satellite solutions, announced today that it has established a representative sales office in Monte-Carlo, Monaco, to facilitate the Company's expansion into the Southern European, Middle Eastern and Northern African satellite terminal markets. Norsat has selected Captain Marino Paladini as the Company's primary sales representative for these regions.
"A fundamental component of our strategy is to drive growth through further penetration of the global satellite terminal market," said Dr. Amiee Chan, president and CEO Norsat International Inc. "Demand for portable satellite communications continues to grow around the world, and we believe there are significant opportunities in Southern Europe, the Middle East and Northern Africa. A local presence is a key competitive advantage in successfully capitalizing on these opportunities. In addition, Captain Paladini has strong relationships with satellite services providers throughout these regions and has already put us in front of a number of qualified prospects."
Headquartered in Vancouver, Canada, Norsat now has a local presence in five countries, as well as a growing network of 135 resellers worldwide.
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