Del Mar 4/28/2010 7:03:58 PM
Stocksource.us brings you all the OTCBB Stock News:
ECOLOGIX Resource Group (OTCBB: EXRG), Amarok Resources Inc. (OTCBB: AMOK), Car Charging Group, Inc. (OTCBB:CCGI), GeNOsys, Inc. (OTCBB: GNYS), Rotate Black, Inc. (OTCBB:ROBK)
ECOLOGIX Resource Group (OTCBB: EXRG)
BEVERLY HILLS, CA -- 04/27/10 -- ECOLOGIX Resource Group (OTCBB: EXRG), announced today the appointment of Robert A. Radoff as president, effective immediately.
"Robert has demonstrated great success leading and developing significant revenue streams within both new and existing markets," said Jason Fine, chairman and CEO of ECOLOGIX. "He brings to ECOLOGIX a unique combination of marketing, business development and sales focus that will take the Company to the next stage of its growth cycle."
Robert Radoff is currently a director of AmbiCom, Inc., a leading designer and developer of wireless products focusing on the wireless medical industry. Mr. Radoff is a seasoned executive and skilled communicator that has worked effectively with key decision makers on a global level; he joins ECOLOGIX with almost 20-years experience in management, marketing, branding and sales. Robert has extensive experience in the marketing of consumer product lines and, during his career, has created and managed a national broker network, built partnerships with several multi-national companies and, over the past few years, has worked with companies in West Africa in the raw materials business.
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Amarok Resources Inc. (OTCBB: AMOK)
RANCHO SANTA MARGARITA, CA -- 04/27/10 -- Amarok Resources Inc. (OTCBB: AMOK) (the "Company" or "Amarok") is pleased to announce it has completed a private placement in the amount of USD $1,000,000. The financing consisted of 1 million units at a price of $1 per unit for total proceeds of USD $1,000,000. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of $1.25 per share for an 18 month period expiring October 21, 2011. The proceeds of the private placement will be used for continued property development, new project evaluation and working capital. This financing is in addition to the USD $1,000,000 completed by Amarok in February of this year.
Amarok Resources is a US based exploration and development Company, focusing on the acquisition and development of Gold and Silver projects which demonstrate high probability for near term production. Amarok is a fully reporting public company quoted on the OTCBB under the symbol AMOK.
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Car Charging Group, Inc. (OTCBB:CCGI)
MIAMI BEACH, Fla., April 27, 2010 -- Car Charging Group, Inc. (OTCBB:CCGI), a company dedicated to a clean and sustainable environment through the development of an Electric Vehicle (EV) charging infrastructure that will be compatible with all electric vehicles, today announced it has contracted with Salesconx, a nationwide network of sales and business professionals, to recruit and deploy a national sales channel of experienced and highly qualified representatives who will focus on Car Charging Group's business of owning, providing and servicing electric car charging stations.
Salesconx provides Car Charging with the ability to economically and expeditiously deploy a qualified sales force, providing a distribution channel for reaching decision makers at designated parking areas of public and private property, such as multi-family residential and commercial buildings, parking garages, municipalities, sporting venues and other convenient charging locations.
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GeNOsys, Inc. (OTCBB: GNYS)
PROVO, Utah-- GeNOsys, Inc. (OTCBB: GNYS) today announced they are sponsoring a Phase I safety trial in collaboration with Nitric Solutions Inc. GeNOsys will be testing their patented nitric oxide generator and nitric oxide producing formula for safety and effectiveness in treating disease. In a parallel study Nitric Solutions will be testing the efficacy of their prophilactic nitric oxide producing formula NitrisolTM. The studies will be conducted in a Canadian government research facility by Dr. Kevin Kane; results are expected to be available within 30 days. GeNOsys will demonstrate that nitric oxide can be safely administered with the generator in compliance with FDA guidelines. Nitric Solutions Inc. will show the antimicrobial effectiveness of NitrisolTM in the treatment of H1N1.
"We are pleased to join Nitric Solutions in this study because it accelerates our timeline," stated Mr. John W.R. Miller, Chairman of the Board. "This study accomplishes a key milestone in our product development plan. The information obtained will demonstrate the safety of our generator and establish the legitimacy of its bedside use. This study will allow GeNOsys to participate in the Phase II human clinical trial evaluating the therapeutic use of gaseous nitric oxide which is scheduled by Dr. Kevin Kane to begin this fall."
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Rotate Black, Inc. (OTCBB:ROBK)
PETOSKEY, Mich., April 27, 2010 -- Rotate Black, Inc. (OTCBB:ROBK), a premier development and management company of global resort and casino properties, made an additional cash payment on the vessel "The Big Easy."
On February 2, 2010, Rotate Black, Inc. entered into a Purchase Agreement with the Chapter 11 Trustee of Cruise Holding II, LLC to purchase the gaming vessel "The Big Easy." The Purchase Agreement provided for a closing date no later than March 15, 2010, subject to a single extension of 30 days, at the election of the Company upon a payment to the Trustee of an additional cash payment, which was made on March 14, 2010.
On April 20, 2010, the Company entered into an agreement with the Trustee to extend the closing date to on or before June 1, 2010. Rotate Black, Inc. remitted a cash payment for this extension on April 21, 2010. Additional payments on May 1, 2010 and May 14, 2010 are required for this extension. The Company anticipates the closing to occur on or before May 27, 2010.
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