Stocks to Watch: Bancroft Uranium Inc (OTC BB: BCFT), SpongeTech® Delivery Systems, Inc. (OTC BB:SPNG) , Austral Pacific Energy Ltd. (AMEX: AEN), ASM International (NASDAQ: ASMI), Omnicom Group Inc. (NYSE: OMC)
Featured Stock: Bancroft Uranium Inc (OTC BB: BCFT) Current Price (0.81) www.SmallCapStockAnalyst.com
Bancroft Reviews Potential Uranium Acquisitions in Southern Africa
Scottsdale AZ, June 9, 2008 -- Bancroft Uranium Inc. (OTCBB: BCFT) (“Bancroft” or the “Company”) today announces that the Company is in the process of reviewing potential acquisition opportunities in Southern Africa.
Bancroft President Paul Leslie Hammond and the Company engineering team have just returned from a three week property evaluation trip to Africa, during which, Bancroft representatives were reviewing the potential for participation in a uranium development project in Namibia. In addition, the Company also reviewed the possibility of entering into other commodity projects in South Africa and Zimbabwe. These commodity projects are related to gold, platinum, manganese and coal.
Mr. Hammond stated that he was “extremely pleased with the quality and quantity of the opportunities presented to the Company in Southern Africa. The overall potential to acquire a large project at a reasonable cost is excellent. The uranium prospects in Namibia are exceptional and Namibia is forecast to be the world’s leading exporter of uranium by 2015.”
Bancroft will continue to update the public on these recent developments following the culmination of the current, ongoing negotiations with other parties.
For inquiries from the public and media concerning the Monmouth Uranium Project please contact Greenspirit Strategies at 1-877-54 GREEN or 1-877-544-7336. For shareholder and investor information please contact investor relations at 1-866-860-2995
ABOUT BANCROFT URANIUM INC. (OTCBB: BCFT)
Bancroft Uranium Inc. is an exploration Company which intends to develop Uranium assets in North America. Bancroft’s initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our uranium properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Bancroft Uranium Inc.
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P. L. Hammond, C.A.
President and Chief Executive Officer
To find out more about Bancroft Uranium Inc. (OTCBB: BCFT), visit our website at www.bancrofturanium.com.
Public and Media Information: 1-877-544-7336
Shareholder and Investor Information: 1-866-860-2995
Source: Bancroft Uranium Inc.
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SpongeTech® Delivery Systems, Inc. ( (OTC BB:SPNG) Current Price (0.055) www.SmallCapStockAnalyst.com NEW YORK, June 6 SpongeTech® Delivery Systems, Inc. (OTC Bulletin Board: SPNG - News) is pleased to announce they are now giving away an additional 10,000 of their cutting-edge, biodegradable quick wash and wax sponges. The FREE give-away is part of SpongeTech®'s strategy to continue their national brand awareness and to 'Thank the Dads' out there. Each biodegradable sponge is designed with their cutting-edge technology and is good for up to 8 or more car washes.
Austral Pacific Energy Ltd. (AMEX: AEN), Current Price (0.499) www.SmallCapStockAnalyst.com WELLINGTON, New Zealand, June 5 -- Austral Pacific Energy Ltd. (TSX-V: APX; NZSX: APX; Amex: AEN) New Zealand-based exploration and production company, Austral Pacific Energy Ltd. has begun the process to de-list from the American Stock Exchange (AMEX).
ASM International (NASDAQ: ASMI), Current Price (29.04) www.SmallCapStockAnalyst.com
BILTHOVEN, The Netherlands - June 6, 2008 - ASM International (ASMI) announces that it has received an unsolicited indicative offer from Applied Materials, Inc. for its ALD (Atomic Layer Deposition) and PECVD (Plasma Enhanced Chemical Vapour Deposition) activities. For the purpose of this offer, which was communicated orally, Applied Materials has indicated an initial value of these activities in the range of USD 400 million to USD 500 million.
Omnicom Group Inc. (NYSE: OMC) Current Price (46.32) www.SmallCapStockAnalyst.com NEW YORK, June 6 -- Last evening, Ketchum, a leading global public relations agency, and its clients were honored with five Silver Anvil Awards and two Awards of Excellence at the annual Public Relations Society of America (PRSA) ceremony, which recognizes the best in strategic public relations planning and execution. Through the years, Ketchum has won a total of 107 Silver Anvil Awards -- more than any other public relations agency. Since the Silver Anvils were introduced in 1946, they have come to represent the highest standards of a complete public relations program encompassing research, planning, execution and evaluation.
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