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Stocks That Stand Out For Oct. 21th, 2009 Are SKTO, ZVTK, XCEL, WDAS
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| Copyright: | M2 COMMUNICATIONS | | Source: | M2 PressWIRE | | Wordcount: | |
Stocks That Standout For Oct. 21th, 2009 are SK3 Group, Inc. (PINK SHEETS: SKTO), Zevotek, Inc. (Pink Sheets: ZVTK), Xcellink International Inc. (OTCBB: XCEL), World Assurance Group (PINKSHEETS: WDAS)
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SK3 Group Signs Two Year Services Contract With ATAS
CARLSBAD, CALIFORNIA, Oct 21, 2009 -- SK3 Group, Inc. (PINK SHEETS: SKTO) is pleased to announce that it has signed a two year services contract with American Transport Administrative Services (ATAS), a California based Professional Employer Organization (PEO) primarily providing human resource services to employers of long-haul truckers. The contract will begin to cover the more than 3,000 employees over the next 180 days, and will provide 24/7 nurse support for any medical related issues.
"The contract with American Transport Administrative Services solidifies our strategy of ramping up our growth by marketing our services to multiple thousand employee PEOs. Our Nurses On-Line service is a natural fit for the PEO market because it helps employers reduce worker's compensation claims, probably the most costly aspect of their business," said Peter Bell, President of SK3 Group, Inc.
Worker's compensation laws are a government mandated, employer provided benefit; and employers have a statutory obligation to provide medical and income benefits to injured workers. According to the California Division of Worker's Compensation, in California alone, there was an estimated $7 Billion in Worker's compensation losses in the year 2007. The Nurses On-Line program is designed to help employers, and indirectly insurers, reduce the costs associated with worker's compensation claims.
About SK3 Group, Inc.
SK3 Group's Nurses On-Line unit is a subscription service for employers who are seeking pre-screening of workers' compensation injuries by a registered nurse prior to disposition of medical treatment - first aid, clinical referral, or emergency hospital. The purpose of this service is to assist employers with managing the ongoing risk associated with workers' compensation claims and their relationship to premiums and reserves charged by insurance carriers. Corporate information can be found at http://www.sk3groupinc.com.
Zevotek Receives $1.1 Million Ionic Bulb Order
NEW YORK, Oct 21, 2009 -- Zevotek, Inc. (Pink Sheets: ZVTK) (Frankfurt:T5V1), a worldwide direct marketer and distributor of innovative personal and home care items, announced today the company received an $1.1 million order to buy Ionic Bulbs. The order calls for Zevotek to supply a distributor in Asia with Ionic Bulbs for sale in Japan and Korea. Zevotek is pursuing a global marketing initiative for the Ionic Bulb and the order is the first Zevotek has received for the Asian market. Today's announcement follows Zevotek's September 15 announcement of a shipment of Ionic Bulbs to Zevotek's German distributor, MediaShop AG, a direct marketer to nearly 100 million people in Germany, Switzerland and Austria. Zevotek plans to sell the Ionic Bulb in the U.S. starting in November using a marketing campaign based on a new 2-minute TV infomercial.
Commenting on the order, Zevotek's CEO, Adam Engel, said, "The order is a major development in Zevotek's global marketing initiative. The Japanese and Korean markets offer a huge selling opportunity and I believe are the best strategic starting point for us in Asia. The order confirms for me the global appeal of our Ionic Bulb. Our simple message travels well: purifying the air in your home and saving energy is as simple as changing a light bulb." The Ionic Bulb is designed for consumer use by combining the performance features of ionic air cleaning technology with those of a 10,000-hour reduced energy use compact fluorescent light bulb (CFL). According to ENERGY STAR(R), a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy, a qualified CFL lasts about 10 times longer than an incandescent bulb, uses 75 percent less energy, saves about $30 over its lifetime and pays for itself in about 6 months. ENERGY STAR(R) said earlier this year that using less energy helps reduce air pollution and greenhouse gas emissions from power plants.
The $1.1 million order calls for Zevotek to supply the distributor with samples of Zevotek's standard 110 volt and 240 volt versions of the 15 watt and 23 watt Ionic Bulbs. Zevotek offers different versions of the Ionic Bulb to satisfy the technical specifications and consumer preferences of the global marketplace. The distributor is undertaking to gain any regulatory approvals needed to sell the Ionic Bulb in the markets contemplated. The order calls for the distributor to finance their purchase order using bank letters of credit. The order permits the distributor certain flexibility including the timing of shipments, quantities of Ionic Bulbs for each shipment and the voltage and wattage types of Ionic Bulbs to be shipped. The distributor is permitted under terms of the order to not request any shipment of the Ionic Bulb. The order calls for the distributor to begin requesting shipments of the Ionic Bulb during the first calendar quarter of 2010. The prices set forth in the order received and any additional order the distributor may place in 2010 is not subject to change. Zevotek has not yet directly discussed the order with the manufacturer of the Ionic Bulb.
About the Company: Zevotek, Inc. plans to market and sell a range of innovative personal and home care items. Zevotek has a license to sell an energy saving compact fluorescent light bulb named the Ionic Bulb. The Company plans to market the Ionic Bulb through TV infomercials, catalogs, magazines and major U.S. retail and specialty stores and the Internet. Zevotek's Ionic Bulb infomercial airs on www.asseenontv.com and the Company's www.zevo-tek.com website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this release with respect to the Zevotek, Inc.'s business, financial condition and results of operations, as well as matters of timing and effectiveness of marketing the Ionic Bulb are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond Zevotek, Inc.'s control with respect to market acceptance of their products, whether financing will be available, the plans for Zevotek, Inc. to market and sell products as well as certain other risk factors which are and may be detailed from time to time in Zevotek, Inc.'s filings with the Securities and Exchange Commission.
This press release contains forward-looking statements. The words or phrases 'may,' 'intends,' 'expects,' 'estimate,' 'indicate,' 'plans,' 'anticipates,' 'could,' 'if,' 'will,' 'should' or similar expressions are intended to identify 'forward-looking statements.' Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Zevotek, Inc. cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, Zevotek, Inc. does not undertake, and Zevotek, Inc. specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
Xcellink Announces Availability of Licenses for Consumer-Centric E-Commerce Systems
LAS VEGAS, NV, Oct 20, 2009 -- Xcellink International Inc. (OTCBB: XCEL), a developer of a patented mobile payments & banking platforms, has announced the availability of licenses to develop and operate consumer-based financial systems for the general supply of goods and services worldwide. This follows from the award of patents to Xcellink in about 15 major jurisdictions covering a great many states and countries.
The patents cover a critical element of the emerging technology of mobile communications to individuals using mobile phones allowing traders and customers to exchange information directly avoiding the use of cash or cards and their equivalents. General phone networking permits new forms of contract management, and extend the concepts of a financial transaction to include warehousing, delivery, taxation, and all the aspects of consumer protection that will be demanded in the future.
The licenses are subject to individual negotiation in the country of effect, and licensees will have access to the results of the Preliminary Target Definition Study, and the specification for the Target Definition Study and beyond at a sufficient level to commence development work generally in accordance with US Military Specification MIL.STD.499A/B. Nearly a decade of development by those associated with Xcellink International Inc. has produced system designs for a wide range of transaction types which are available to licensees as part of the license arrangements.
A likely condition (subject to individual negotiation) of a license includes opportunities for reverse purchase of the results of development work and assistance with further Intellectual Property Protection Internationally.
About Xcellink Xcellink International Inc. is a developer of advanced platform-independent customer-centric payment systems and methodologies. Xcellink's patented system has the technical ability to replace all credit, debit, charge and smart cards, providing all functions of order, warehousing, delivery and payment for all types of goods and services in a customer-centric manner that is more efficient, economical, and secure than systems operating today. Xcellink's unique process enables customers, rather than the merchant, to initiate, control and pay for all transactions, without the need for credit cards, in real-time anywhere, anytime, and at a fraction of the cost of current transactions. Please visit www.xcellink.com Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in reports filed with the Securities and Exchange Commission.
World Assurance Group (PINKSHEETS: WDAS) Subsidiary, Anav Holdings Corporation, to Purchase Into Sustainable Green Corporation
Homes Are Presently Being Built in Mexico out of a Revolutionary New Building Product That Significantly Reduces the Time and Cost of Construction
NEW YORK, NY, Oct 20, 2009 -- World Assurance Group (PINKSHEETS: WDAS) announced today that its subsidiary, Anav Holdings Corporation, has signed a proposal to purchase 15% of Sustainable Green Corporation.
WDAS intends to purchase 15% of the shares outstanding of Sustainable Green Corporation. The current development plans between WDAS and Sustainable Green plan for the building of an initial 5000 homes in Mexico. Each home has a resale value of a minimum of $16,000.00 (500 sq ft) to $60,000.00 (1600 sq ft). Sustainable Green, through its Mexican subsidiary, is currently building a track of homes for a 'Junta' or co-operative of 700 teachers consisting of an initial 120 units. Sustainable Green began building the model homes on September 26th, 2009 and expects completion of the same no later than October 30, 2009. Sustainable Green has also entered an agreement where they are provided finished lots without an upfront cost, at which time Sustainable Green, through its Mexican subsidiary, does the vertical construction. The entire process is administered by a multi-national bank, where the bank bears the recourse, in effect providing title insurance to the transaction.
Jonathan B. Morgan, President of WDAS, stated, "We are looking forward to beginning to build and develop Mexico and other areas with Sustainable Green. We believe that Mexico, Central America and South America are within our reach within 12 to 18 months. The building method and products are world class." For more information please visit www.anavholdings.com.
About World Assurance Group Inc. (PINKSHEETS: WDAS) World Assurance Group, through its wholly owned subsidiary ANAV Holdings Corporation, intends to participate in all areas of real estate transactions, including direct ownership, co-investment with other institutions or developers, as well as indirect participation through the acquisition of distressed debt and/or non-performing loans with the eventual goal of control of the underlying assets.
About Sustainable Green Corporation Sustainable Green Corporation utilizes a multi-patented composite building system that utilizes Expanded Polystyrene as the core material for all structural members -- walls, roof, and floor. The material is sprayed with a composite coating made of a precise blend of sand, cement, glass fiber and other patented additives that together create a building shell that meets or exceeds all testing protocols and load requirements of the ICC-ES. (ICC-ES is the United States' leader in evaluating building products for compliance with code and is a nonprofit, public-benefit corporation, www.icc-es.org). The building system is intrinsically linked to the installation and application of a building system; it has a patented analysis program that accurately predicts the performance capability of a building utilizing any architectural design under any set of climate conditions. The system is earthquake resistant, hurricane resistant (tested to 260 MPH, rated 170 MPH), vapor proof, water proof, mold resistant, air tight and 100% recyclable. It compares favorably by price to timber, which creates more waste and has a negative impact on the environment.
Forward-Looking Statements This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
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