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RMD Entertainment Group (PINKSHEETS: RMDN)
and Massive G Media Corp., (PINKSHEETS: MSGM) announced today the cementing
of a Joint Venture Agreement ("JV d/b/a MOTV") between the majority
shareholders of RMDN, MSGM, Mecanismo (USA) Corp., and an unnamed private
equity group. The JV will distribute MOTV Hip Hop programming on Cable,
Internet, IPTV and Cell Phones/PDAs.
The JV d/b/a MOTV is unique because of its irreverent, highly stylized
program content that can be experienced on multiple media platforms. The JV
has been demonstrating a layering technique of combining, initiating and
dynamically fine tuning a campaign with MOTV content, adding the ability to
accurately target cable subscribers (in some cases down to a single zip
co...
Fuego Entertainment, Inc. (OTCBB: FUGO) today
announces that for the first calendar quarter of 2007, its music division,
Fuego Entertainment Music International (FEMI), has sold over 18,500 music
CDs to various distributors and retail outlets around the world. These
sales represent over $175,000 in revenue for Fuego Entertainment and are
the direct results of the music content previously licensed from Ciocan
Music's existing catalog.
These sales do not include the new releases. These sales also do not
include the Company's sales efforts in the digital distribution of music,
sound recordings, and video content as a result of Fuego's exclusive
agreement with Digital Music Group, Inc. (NASDAQ: DMGI). Fuego's management
believes that the digit...
GTREX Capital, Inc. (OTCBB: GRXI), a holding
company with subsidiaries doing business in the travel industry, today
announced that the Board of Directors has appointed Steven R. Peacock to
the position of consultant chief executive officer for the company. Mr.
Peacock, managing director of Javelin Advisory Group, a business
development and management firm, will report to the Board and provide
assistance with the growth of GTREX Capital and its wholly owned
subsidiary, Global Travel Exchange.
The focus of Mr. Peacock's initial work will be to work directly with
company president Ron Lindsay to build the company's infrastructure and
facilitate long-term growth and stability. He will also help to develop
long-range strategy for partnerships, joint ventures, mergers and
acquisitions, including the potential for large acquisitions, and scaling
GTREX Capital into a...
Fuego Entertainment, Inc. (OTCBB: FUGO) today
announces that for the first calendar quarter of 2007, its music division,
Fuego Entertainment Music International (FEMI), has sold over 18,500 music
CDs to various distributors and retail outlets around the world. These
sales represent over $175,000 in revenue for Fuego Entertainment and are
the direct results of the music content previously licensed from Ciocan
Music's existing catalog.
These sales do not include the new releases. These sales also do not
include the Company's sales efforts in the digital distribution of music,
sound recordings, and video content as a result of Fuego's exclusive
agreement with Digital Music Group, Inc. Fuego's management believes that
the digital distribution market will represent a significant future revenue
stream for the Company.
In the past few months since launching FEMI, ...
eMusic, the world's largest retailer of
independent music and the world's second largest digital music service
after iTunes, continues its forward momentum: today the service announced
that its subscriber base has topped 300,000 and that its global catalogue
has reached 2.5 million tracks. The new subscriber tally comes
approximately four months since eMusic hit the 250,000 subscriber mark.
"Consumers are now shaping the music industry," said eMusic President and
CEO David Pakman. "They determine whether an artist is successful or not,
what format music should take, and how much it should cost. eMusic's
success to date demonstrates that there are many consumers out there
unsatisfied by the mainstream who are interested in buying music they love
that's well-priced, and in a format that plays on any device."
eMusic is continually adding to its genre-spanning catalogue of independent
music. It now boasts more than 13,000 independent labels, including
celebrated world music l...
Socket Communications, Inc. (NASDAQ: SCKT), dba
Socket Mobile, Inc., an innovative provider of mobile productivity
products, extends its industry leadership with the introduction of the
Socket CompactFlash Scan Card 5X, a high-performance, stacked-linear bar
code scanner. It is the first device in a new line of Socket 2D bar code
scanners designed to address the fast-growing market for 2D and
omni-directional bar code scanning. Future versions in the family line
will include the Socket Cordless Hand Scanner 7X and the Socket Cordless
Ring Scanner 9X.
"With the promise of increased efficiency and regulatory mandate
compliance, the number of applications that require high-performance, 2D
bar code scanning capabilities continue to grow," said Bob Zink, senior
vice president of worldwide sales and marketing at Socket Mobile, Inc.
"Combined with the Socket SoMo 6...
MedaSorb Technologies Corporation
(OTCBB: MSBT) announced today the appointment of Dr. Edward R. Jones, MD,
MBA to its Board of Directors, effective April 9, 2007. Dr. Jones is an
attending physician at the Albert Einstein Medical Center and Chestnut Hill
Hospital as well as Clinical Professor of Medicine at Temple University
Hospital.
Al Kraus, President and CEO of MedaSorb Technologies Corporation, said,
"Bringing Dr. Jones on board is an affirmation of our commitment to take
our CytoSorb™ device through testing to market. His valuable experience
with the research community and management of medical research programs
will be a great asset to us." Dr. Jones is a practicing nephrologist as
well as medical director of a dialysis facility for Fresenius Medical Care.
He teaches renal pathophysiology at Temple and at the Philadelphia College
of Osteopathic...
Given Imaging Ltd.
(NASDAQ: GIVN), the global leader in capsule endoscopy, and Fujinon
Corporation, a global leader in optical technologies and endoscopic
equipment, today announced the signing of a strategic agreement. The goal
of the agreement is to build closer collaboration between the companies in
research and development, component sourcing, marketing and product
distribution worldwide except in Japan.
Under the terms of the agreement, Given Imaging and Fujinon will
collaborate to develop future products for the gastrointestinal endoscopy
and diagnostic field.
The agreement also grants Fujinon non-exclusive rights to distribute Given
Imaging's capital equipment and small bowel products including Given
Imaging's RAPID workstation and data recorders, PillCam SB, and Agile
Patency capsules in certain countries worldwide, which will be determined
by the...
Jeffrey H. Wolf, a shareholder in the Phoenix
office of the international law firm Greenberg Traurig, has been named by
his peers as one of the best franchise lawyers in the United States for a
third consecutive year.
Wolf is one of the 125 lawyers selected for this year's "Legal Eagles"
list, which is published by Franchise Times, the franchise industry's
leading trade magazine. "Legal Eagles" are nominated by leading franchisors
and other lawyers who work in the franchise industry. Those listed were
acknowledged for their attention to their clients and their clients'
businesses, as well as possessing outstanding legal skills. A complete list
appears in the April 2007 issue of Franchise Times.
Wolf is co-chair of Greenberg Traurig's national franchise and distribution
practice. He focuses his practice on representing franchisors and product
manufacturers in arbitrations, litigation and appeals throughout the United
States. Wolf's clients cover a broad range of business sectors...
Patron Systems, Inc. (OTCBB: PTRN), a leading
provider of application software and services focused on business process
management for the public sector, today reported financial results for the
year ended December 31, 2006.
Revenue for the full year 2006 was $1,188,045, up 564% compared to revenues
of $178,821 in 2005. The growth in revenue reflects increasing adoption of
the Company's software solution, FormStream. Revenues reflect the
Company's decision to divest its PolicyBridge business, which has been
classified as a discontinued operation since December 31, 2006.
Operating loss for the year ended December 31, 2006 was $3,211,705 compared
with a loss of $23,446,113 for the comparable full year of 2005. Operating
expense for 2006 was $4,251,799 compared to $23,405,761 in 2005.
Net loss from continuing operations before taxes for the year ended
Dec...
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