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Shells Seafood Restaurants, Inc. (OTCBB: SHLL) Up 36.36% on Monday
Detailed quote: http://beaconequityresearch.com/SHLL
December 10, 2007 - Shells Seafood Restaurants, Inc. and Food and Entertainment Co., Ltd. Sign Agreement for 10 Restaurants in Middle East
Shells Seafood Restaurants, Inc. (OTC Bulletin Board: SHLL) announced that it has signed a major international agreement that will bring 10 new Shells restaurants to several countries in the Middle East, over the next decade.
Saudi Arabia-based Food and Entertainment Co., Ltd., which operates numerous restaurants throughout the region, has purchased the rights to the Shells brand within a 10-nation territory, and has agreed to open a minimum of 10 Shells restaurants over the next 10 years. Food and Entertainment has purchased exclusive rights to the Shells concept within
Under the terms of this agreement, Food and Entertainment Co. purchased for $1,750,000 over a nine-month period, Shells service marks and proprietary systems for expansion within the territory. Under a separate services agreement, Shells will provide, among other things, training, operations, menu development and marketing support to Food and Entertainment for the 10-year period.
"We are pleased to begin our brand's first international expansion with a highly qualified restaurant operator in Food and Entertainment Co." stated Leslie Christon, President and CEO of Shells. "We look forward to their future successes in growing the Shells Seafood brand. We welcome the opportunity to expand the quality and value that Shells brings to other markets."
Atlantis Technology Group (OTCBB: ATNO) Up 35.42% on Monday
Detailed quote: http://beaconequityresearch.com/ATNO
December 10, 2007 - Atlantis Technology Group Subsidiary Global Online Television Corporation (GO TV) Unveils Short-Term Business Strategy
Global Online Television Corporation ("GO TV"), subsidiary of technology company Atlantis Technology Group (OTCBB: ATNO), today outlined a short-term business plan to secure human capital and distribution exclusivity on several components that will further the company's long-term goals of development and distribution of cutting-edge media technology combining high-definition television and streaming internet sources.
"We are actively in the process of filling Board vacancies and adding several technical consultants that will aid us in keeping our timeline that focuses on the second quarter of 2008 intact," said GO TV CEO Richard A. Luthmann. "All of this is happening while we are in protracted negotiations with several parties for exclusive development and distribution rights for what GO TV have identified as target components above and beyond our existing portfolio of proprietary technology."
Mr. Luthmann further commented that some "significant organizational events" are expected to occur over the next few days, and that important news will be forthcoming. "We are in the process of filling our quiver with several arrows -- in fact what can be termed as an entire arsenal of resources." The GO CEO made further assurances that an aggressive expansion and marketing plan for GO TV is in the works, alluding to the media outlet's awesome market potential.
Caprius, Inc. (OTCBB: CAPS) Up 33.33% on Monday
Detailed quote: http://beaconequityresearch.com/CAPS
December 10, 2007 - Caprius, Inc. Completes Private Placement of $4.7 Million
Caprius, Inc. (OTCBB: CAPS) announced that it has completed a private placement for $4.7 million of a newly created series of preferred stock to several investors including Special Situations Fund, Great Point Partners and Dolphin Asset Management.
Commenting on the placement, Dwight Morgan, President and CEO of Caprius, Inc., stated, "This financing positions us very well to execute on the growing market opportunities presented by the proven effectiveness of the SteriMed technology as a cost-efficient, safe and environmentally friendly system for the on-site disposal of medical waste. Notably, the growing market acceptance of our SteriMed technology has resulted in increasing deliveries of SteriMed Systems in recent months and created record backlog. This capital raise provides the resources we need to scale our manufacturing capabilities to meet the strong demand for our products and to pursue our strategic plans for aggressive international growth and the expansion of our presence in the domestic market."
This series of preferred stock is initially convertible to 7.8 million shares of Common Stock and warrants to purchase an additional 3.1 million shares, at an exercise price of $0.80 per share. The Company has agreed to register the resale of the shares of Common Stock underlying securities sold in the placement. The net proceeds of approximately $4.4 million, after placement fees and expenses, will be used for working capital.
Gemini Explorations Inc. (OTCBB: GXPI) Up 23.73% on Monday
Detailed quote: http://beaconequityresearch.com/GXPI
December 10, 2007 - Gemini Explorations Closes on Financing for the Re-Development of the Los Chorros Gold Mine
Gemini Explorations Inc. ("Gemini") (OTCBB: GXPI) is pleased to report that it has completed negotiations for financing the modernization and complete re-development of the Los Chorros Gold Mine. The first tranche of US$500,000 should be received by Gemini in the next 5 days and the second tranche of US$300,000 within 14 days. The total cost of the project is estimated to be US$595,900, adding a contingency factor of 30% would bring the maximum projected total to US$774,700.
The Los Chorros Mine is currently being mined with extremely antiquated equipment and this report further solidifies Gemini's belief that the project could be turned into a highly efficient producing gold project with low capital costs. Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. The plant would initially run at 30 to 50 tonnes/day with a targeted production rate of 100 tonnes per day during the first year. Minera Primecap Geological Services (MPGS) reported that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce.
Cicero Inc. (OTCBB: CICN) Up 25.00% on Monday
Detailed quote: http://beaconequityresearch.com/CICN
December 10, 2007 - Cicero Inc. Receives Customer Interaction Solutions(R) Magazine's 2007 Product of the Year Award
Cicero Inc. (OTCBB: CICN), a leading provider of desktop integration and automation solutions, today announced that Cicero has received a 2007 Product of the Year Award from Technology Marketing Corporation's Customer Interaction Solutions magazine, the leading publication covering CRM, call centers and teleservices since 1982.
"Cicero Inc. has proven they are committed to quality and excellence in solutions that benefit the contact center experience as well as ROI for the companies that use them. I am pleased to honor their hard work and accomplishments and look forward to more innovative solutions from Cicero Inc. in the future," said Nadji Tehrani, Executive Group Publisher and Editor-in-Chief of Customer Interaction Solutions. "For 10 years, Customer Interaction Solutions magazine has been recognizing companies that have demonstrated excellence in technological advancement and application refinements."
The 10th Annual Product of the Year Award winners will be featured in the January 2008 issue of Customer Interaction Solutions magazine and online at http://www.tmcnet.com/.
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