Del Mar 4/12/2010 9:59:36 PM
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Blugrass Energy Inc. (OTC:BLUG)
CALGARY, AB, Apr 12, 2010 -- Blugrass Energy Inc. (BLUG)is pleased to announce it has signed a participation agreement with Petro Grande, LLC to commence drilling on two Canyon Sands locations which will be designated by Petro Grande. The initial two locations are grouped together into Block CS-S-A consisting of CSL 1-3 and Block CS-S-B consisting of CSL 4-6.
On or before May 12, 2010, Blugrass shall pay to Petro Grande the sum of $48,000 as the total Location Fee for two Canyon Sands Locations and $750,000 per location for drilling and completion. Upon payment, Petro Grande shall assign to Blugrass an undivided 75% of its rights, titles and interests in and to the Subject Lease insofar as the same covers the two Canyon Sands Locations designated by Petro Grande, one on Block CS-S-A and one on Block CS-S-B.
Petro Grande has designated over 75 locations on lands located on the Soto Lease (Canyon Wells) that it believes would be economic to drill. Drilling will be contracted by PG operating and the project manager will be Total Energy Services whose senior personnel are experienced in all aspects of oil and gas well completions to depths as great as 24,000 feet. Blugrass shall have the option to participate in any subsequent Initial Well proposed by or on behalf of Petro Grande to be drilled on the remaining Canyon Sands Locations in the same Block as such Initial Well and to be assigned its undivided 75% of Petro Grande's interest.
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Gen2Media Corp (OTC:GTWO)
ORLANDO, Fla., April 12--Gen2Media Corporation (OTC Bulletin Board: GTWO) an innovative video technology company offering an Online Video Platform, video production, and online video advertising, announces Boyz II Men, the most successful R&B male vocal group of all time, has teamed up with Gen2Media to help provide a richer experience for their fans globally. Gen2 provided creative design and digital video elements for their upcoming farewell tour which includes shows across the United States, Europe and Asia. Gen2 created digital video and visual imagery to accompany the live show performance, and the video technology for the live content playback.
Gen2Media has developed a variety of proprietary technologies, such as Gen2Media's Online Video Platform and Gen2Media's Green HD, that make live show video presentations easier to create and manage.
"Boyz II Men formed in Philadelphia more than 20 years ago. Between 1992 and 1997, the group recorded five No. 1 pop hits and 12 Top 10 R&B singles, sold more than 60 million records worldwide and earned a host of honors, including four Grammy Awards. It is our pleasure to bring the Gen2 magic to help perfect the artistry of these legends," states Ian McDaniel Gen2Media's CIO.
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TRUSTCASH HOLDINGS INC (PINK:TCHH)
Trustcash prepares for European push
Trustcash Holdings (Pinksheets:TCHH) today announces it has commenced planning to introduce the TrustCashDeposit product to the large European ecommerce market.
B2C ecommerce in Western Europe will reach close to EUR 340 Billion in 2010 according to a DB Research statement in the European parliamentary financial services forum Briefing; "Innovative e-payment solutions: A European perspective."
In Europe, credit cards are not as widely used as in the United States. Debit and bank transfers are very popular methods of online payments in many European countries. TrustCash has previously announced the addition of EU debit and EU Direct Pay products to take advantage of these trends.
The Company feels its TrustCashDEPOSIT product has vast potential to be a great product for European online shoppers to use as another online payment method.
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