Don’t Miss Out On The Hottest Newsletter!! Hear It Here First!! VHGI,MDFI,JBII,MMGW,COVR,SSKY
STOCK MARKETING INC PRESENTS : (OTCBB: VHGI) VirtualHealth Technologies, Inc., (OTCBB: MDFI) Medefile International, Inc., (OTCBB: JBII) JBI, Inc., (OTCBB: MMGW) Mass Megawatts Wind Power, Inc., (OTCBB: COVR) Cover-All Technologies, Inc., (OTCBB: SSKY) Sea 2 Sky Corp.
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(OTCBB: VHGI - VirtualHealth Technologies, Inc.)
LATEST NEWS!!
VHGI: VHGI Gold Releases Treasure Gulch and Zero Mines Initial Technical Analysis of $50,000,000 Estimated Gold Reserves
LEXINGTON, Ky., Dec 22, 2009 -- Virtual Health Technologies, Inc. (OTC Bulletin Board: VHGI) through its wholly owned subsidiary VHGI Gold, today released initial analysis of technical data received from the consultants hired to evaluate and formulate its development plan at the Treasure Gulch and Zero Mining properties in Prescott, Arizona. Recoverable estimates are approximately 45,000 ounces of Gold between the 2 claims, with a combined extractable value of approximately $50,000,000 using valuations of $1200.00 per ounce of gold. Initial production costs are budgeted at approximately $200.00 per ounce.
VHGI intends to release updates concerning their gold development plan including financial feasibility studies for this and other projects under consideration after scheduled ore sampling, laboratory testing and continued project analysis. Current historical data for this property can be viewed in our last 8K filing.
Property Overview Both vein systems are strong and continuations over hundreds of feet. At surfaces on the Treasure Gulch property are approximately 5000 tons of ore, amenable to low cost surface extraction. Additional reserves are available with depth, but no doubt only by underground development. The surface block will average approximately .7 to .9 ounces per ton (opt) Au, but with mine dilution a 0.6 opt Au can be expected. As identified by underground sampling, ore with a much higher tenor is clearly to be expected from any future production; nevertheless, the entire ore reserve block has been assigned a conservative average of 0.65 oz/ton Au after dilution. Still, evidence clearly suggests a grade far in excess of 1.0 oz/ton Au within the deeper workings.
Treasure Gulch Reserves Calculations The ore reserve block at the Treasure Gulch mine averages 8 feet wide, has a minimum vertical dimension of 100 feet and a strike length of 500 feet. It is known that the vein system extends at least 200 feet; nevertheless, for reserve calculations a 100 foot cutoff is assigned. A lower block is considered as only possible and therefore not considered in any valuation. The total tonnage for a combined proven/probable ore reserve is then: 8' x 100' x 500'/ 12 cu.ft/ton = 33,330 tons.
A weighted average grade was calculated and arbitrarily reduced to approach the average grade of the surface oxidized block at approximately 0.65 oz/ton Au, with silver values ignored. The result is a total tonnage of 33,330 tons, yielding 21,664 oz of Au.
Zero Mines Reserves Calculations The Zero vein has considerable known strike length, but due to insufficient sampling, a portion of both the east and west extension have been eliminated for any calculations, and a deeper possible block has also been ignored for reasons of conservatively. The end result is a block summarized from detailed calculations to be as follows: 5' x 100' x1000'/12 = 41,660 tons of ore. As with the Treasure Gulch Mine, a detailed calculation for weighted average ore tenor was made with the results being 0.58 oz/ton Au yielding 24,163 oz Au.
Summary At $1200/ oz Au, the total reserve would result in a calculated gross recoverable value of 45,827 oz Au x $1200/ oz = $54,992,400. Assuming a recovery rate of 92% (typical for a hard rock recovery operation) the extractable value would be $50,593,008. No account here is made to predict the cost of production but a reasonable estimation would be $100 per ton of processed ore or approximately $200/ ounce Au. One should also not discount the secondary ore bodies that are believed to be a depth and east and west of strike.
For more information please consult the company's 8K filing. Information can also be obtained at http://www.virtualhealthtechnologies.com or http://www.vhgigold.com , or by calling shareholder relations at 859-514-6982.
About VHGI and VHGI Gold VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and Precious Metals / Energy Resources Markets. VHGI Gold, a wholly owned subsidiary of VHGI has recently initiated steps to leverage the company's operating history and corporate resources within the Gold Mining, Precious Metals and Energy Resources Markets. Although Gold is selling at 25 year high prices and Oil & Gas continue to be trading at significant premiums, global economic events have created significant opportunities within these markets. VHGI intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures for the goal of enhanced shareholder value.
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(OTCBB: MDFI - Medefile International, Inc.)
LATEST NEWS!!
MedeFile Signs Contract With Leading Home Healthcare Agency
BOCA RATON, Fla., Dec 21, 2009 -- MedeFile International, Inc. (OTCBB:MDFI), a leader in portable electronic medical records management, today announced that it has signed an agreement with Caring People, Inc., based in Fresh Meadows, New York, to provide memberships for their clients needing homecare. Caring People has purchased an initial 300 memberships.
According to Steven East, CEO of Caring People, Inc., "Caring People strives to raise the standard of private duty homecare through innovation, education and most of all service. It is our role to educate and offer our clients products and services that can enhance their quality of life while providing their family members with the peace of mind that their loved one is being cared for. Through our partnership with MedeFile we will be able to offer additional services such as: medication and appointment reminders and consolidation of medical records in one accessible location. Caring People will be in a position to provide a more comprehensive level of service for our clients that was previously not available. We are excited about our partnership with MedeFile and are looking forward to bringing this new technology to our clients." Caring People, Inc. is a licensed Private Duty Homecare Agency. Their team of experienced professionals is committed to providing the highest quality of home healthcare services to improve the lives of the elderly and the disabled. For more information about Caring People, visit http://www.caringpeopleinc.com.
MedeFile will begin with service to Caring People's clients that are most in need, with plans to provide it to all of their clients, including those in all seven branches located in FL, NY, NJ, and MI.
"We have always believed that individuals in need of home care would greatly benefit from our services. With the help of Caring People, these individuals, families, and their caregivers will have secure, carefully organized, and easily accessible medical information at their fingertips 24/7. We are very pleased to welcome Caring People and their clients to the growing universe of MedeFile subscribers," stated Milton Hauser, Chairman and CEO of MedeFile International.
About MedeFile International, Inc.
Headquartered in South Florida, MedeFile has developed a proprietary system for gathering and digitizing medical records so that individuals can have a comprehensive record of all of their medical visits. MedeFile's primary product is the MedeFile system, a highly secure system for gathering and maintaining medical records. The MedeFile system is designed to gather all of its members' actual medical records and create a single, comprehensive medical record that is accessible 24 hours a day, seven days a week.
Representing an advanced, yet easy-to-use, approach to portable, electronic medical records management, MedeFile combines state-of-the-art technology and the Internet to make medical data instantly accessible to each MedeFile subscriber and his or her authorized healthcare providers from anywhere in the world. In addition to accessing one's medical records through MedeFile's secure Internet portal found at www.MedeFile.com, members can carry their entire medical history and emergency information wherever they go on a unique device called a MedeDrive -- a proprietary USB drive designed to be carried on a keychain. The MedeDrive plugs into any USB port of a Windows-based PC; and because MedeDrive automatically loads its own viewer, users do not require any special programs or software to view data. MedeMobile provides on-the-go subscribers with the ability to enjoy even greater flexibility and access to their personal health information wherever and whenever they need it. MedeMinder is an electronic 'reminder service' that utilizes email (and concierge phone service if desired) to assist its subscribers in remembering scheduled doctor appointments, expiration dates on prescriptions and/or time-sensitive treatment protocols. For more information about MedeFile and its annual subscription-based programs, please visit www.medefile.com.
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(OTCBB: JBII - JBI, Inc.)
LATEST NEWS!!
JBI, Inc. Executes JV LOI With Rick Heddle, Signs LOI for 45 Florida P2O Sites, and Will Apply for ASE Listing
NIAGARA FALLS, Ontario, Dec 22, 2009 -- JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce that December, 2009, has been a month of intense activity and very positive productive progress. The Company and Rick Heddle have agreed to a Joint Venture whereby Heddle Marine Service, Inc. will retrofit ships with P2O processors. The Company is now finalizing a JV Agreement for production of its first P2O ship with Heddle. JBI anticipates contracting with various countries to convert their plastic waste into oil.
The launch of P2O in early 2010 will be an exciting and important harbinger for job creation, environmental clean-up, and oil production. Plastic waste is a huge global problem, contributing heavily to landfill expansion and ocean pollution. The Company has a goal of initially establishing 2500 P2O sites with municipalities/interested parties and launching P2O ships for various countries' plastic waste retrieval and energy production.
Converting plastic to oil has previously been attempted unsuccessfully by other companies as it was not economically feasible. However, the Company's research discovered a unique catalyst that is now proprietary to P2O, as it greatly enhances the efficient and economical conversion of plastic waste to oil, allowing for a 99% recovery rate compared to 45% +/- for competing systems. In essence, the catalyst greatly expedites the cracking of the plastic and allows the Company to select on a tight curve the particular hydrocarbon to produce. Competing methods require much higher heat, considerable energy cost, prohibitively expensive residue disposal, and result in poorer conversion. There is a negative energy cost to operate a P2O processor, since 15% of feedstock weight is converted to gas to run the system. The P2O processor is not a "perpetual machine", 15% of its feedstock is consumed to provide gas to power the processor.
Heddle Marine Service Inc., established in 1987, is the only marine repair firm that operates floating dry-docks on the Canadian side of the Great Lakes. Located on land leased from the Hamilton Port Authority, the site has 160,000 square feet of land, 1,000 feet of wharfage and dock frontage, 30,500 square feet of fabrication shop and 5,000 square feet of machine shop.
This continually expanding, successful company, with 20+ years of expertise in rebuilding ships, converting tanks to cargo and cargo to tankers, will be a valuable and important partner in helping JBI to achieve its eventual goal of attaining a fleet of P2O ships to address global demand for their service. For further information, visit http://www.heddlemarine.com/ Also, JBI has signed a Letter of Intent for the establishment of an Area Development Agreement (ADA) for 45 P2O sites in the State of Florida with a newly formed entity controlled by Al Sousa of Largo, Florida.
Mr. Sousa is a seasoned executive with extensive business experience in both the public and private sectors and has been involved in a wide variety of matters including operational management of multiple entities including acquisitions, marketing, financing and governmental affairs.
In his position with a large publicly held company, he planned and implemented a start-up venture with multiple business units and annualized revenues nearly $150 million. His division had seven business segments in sixteen states with approximately 2,800 employees.
The Company expects that the ADA will be consummated by February 15, 2010.
The Company expects that Mr. Sousa's company will begin to quickly cultivate supply chains and sites for the installation of P2O sites throughout Florida concentrating first on large metropolitan areas and expanding outwards. The "Green" aspects of the P2O process is expected to solve huge problems in the area of plastic waste disposal as well as generate much needed oil for commercial use. Public-Private partnerships are expected and local, state and Federal credits are available for rapid deployment and cost effective development.
An independent lab investigation of JBI's P2O technology revealed the following information: Samples of fuels were created from various plastic feedstocks and were tested (ASTM D 5453) and confirmed a sulphur concentration less than 8.4 ppm (parts per million). Additionally, the water and sediment tests (ASTM D 1796) confirm that its fuel contained less than 0.005% water and sediment. Density tests also placed the fuel in the gasoline range.
P2O produces oil at less than $10 per barrel. In the United States, refineries have indicated that they will pick up the fuel at the price of WTI (West Texas Intermediate) price less $3, currently around $70 per barrel. JBI's Pak-It division is being positioned for anticipated dynamic revenue growth in 2010. The Pak-It factory in Philadelphia is being completely upgraded to handle high volume retail production for their eco-friendly line of cleaning products. An experienced 5-person national sales force is being hired in January. JBI is in current discussions with a very large, established company that has had great success marketing their consumer cleaning products via television infomercials. This company has indicated a desire to partner with Pak-It in an infomercial marketing campaign. However, if an agreement is not formalized with this potential partner, Pak-It will proceed on its own to have infomercials produced and begin a massive marketing campaign.
Successful infomercials have proven to be a very effective method to rapidly attain major consumer awareness and often generate a significant increase in sales revenue. The patented, cost-effective Pak-It product line clearly appears to have all the attributes for a successful infomercial launch.
JBI will soon establish a Board of Directors consisting of key talent within the Company, including the CEO, and on their Advisory Board, as well as some dedicated open market shareholders to adequately represent our anticipated large shareholder base. Unlike many other BOD's, the Company wants to have a proactive Board that is committed and focused on the continued future growth of the Company for the benefit of all shareholders.
Additionally, the JBI websites are currently being redesigned by a group of loyal, tech-savvy shareholders. The new cutting-edge site will better reflect the Company's achievements and unique technologies. On-site videos will provide the world with a clear view and understanding of the Company's important technologies.
John Bordynuik, CEO/President of JBI, Inc., will be flying to New York the first week in January to meet with exchange officials and begin the application process to up-list JBI on the American Stock Exchange. Furthermore, at the end of January, Mr. Bordynuik will be traveling to China to meet with P2O processor manufacturers, and establish production requirements and volume agreements. The Company has previously been advised that its Chinese manufacturer could produce one P2O processor every day, with a 15-day lead time for each batch.
Furthermore, to avoid dilution, Mr. Bordynuik will be returning an additional 9 million of his personal common shares to treasury on Dec. 29, 2009. Therefore, as of that date, total outstanding common shares will remain at 46,725,106.
John Bordynuik commented, "All of JBI's dedicated team members have been working long hours and very hard to ensure an extremely successful future for our Company. I am most appreciative of all the loyal supporters who have stepped up and committed their valuable time and efforts to our shared vision of growing JBI into an extraordinary, successful company and maximizing share valuation. I wish everyone a most joyous holiday season and a very prosperous New Year." About JBI, Inc.
JBI, Inc. is transitioning to become a global technology leader whose purpose is to mine data from JBI's large information archive, find under-productive entities to inject our superior proprietary technologies into, and benefit from increased productivity and profitability, beginning with Plastic2Oil. JBI has also acquired the following operations:
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(OTCBB: MMGW - Mass Megawatts Wind Power, Inc.)
LATEST NEWS!!
Mass Megawatts Wind Power, Inc. Starts Testing New York Project
WORCESTER, Mass., Dec 23, 2009 -- Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMGW) reports that its Hunter, New York project has been substantially completed and started testing the new wind augmenter and wind diverter (both patent pending). The project is planned to be online on a full time basis after the initial tests on the new technology are completed and its (generator overspeed control) furling system is fully tested. The initial results show that the Wind Augmenter increases the wind velocity more than 50%, leading to a 3 fold increase in energy production. Additionally, the Wind Diverter contributes toward an additional increase of at least 100% more power output from the blades.
Mass Megawatts' MAT (Multiaxis Turbosystem) utilizes new technology in such a way as to enhance the wind speed while downsizing vertical height and lowering steel costs. This allows for an affordable and stable wind machine using mostly simplistic, off-the-shelf parts. It runs virtually silent and has none of the blade tip noise of traditional horizontal axis windmills. Also, migratory bird kills are projected to be minimal due to the MAT's visible structure.
The Hunter Project utilizes the latest technology, namely its wind augmenter and wind diverter (both patent pending). The augmenter funnels wind into the blades increasing functional wind speed while the diffuser deflects the wind from the back side of the returning blade reducing drag and increasing output.
If initial test results continue to hold true, Mass Megawatts (MMGW.OB) remains not only competitive with other wind technology on the market, but with fossil fuels such as coal and natural gas in high wind locations.
Mass Megawatts Wind Power, Inc. (MMGW.OB) has a market capitalization of less than $5 million and the company has very little debt.
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(OTCBB: COVR - Cover-All Technologies, Inc.)
LATEST NEWS!!
Cover-All Technologies Inc. Announces John Roblin to Continue as Chairman and CEO
FAIRFIELD, N.J., Dec 23, 2009 -- Cover-All Technologies Inc. (OTC Bulletin Board: COVR), a Delaware corporation ("Cover-All" or the "Company"), announced today that John Roblin and the Company have entered into a new employment agreement which provides for John Roblin to continue as Chairman of the Board and Chief Executive Officer of the Company.
Mr. Roblin commented, "Cover-All today is an exciting, dynamic organization that is being recognized as a leader in the Insurance Technology and Information industry. We have built a robust platform in My Insurance Center and reinforced our reputation for outstanding service. We have delivered two consecutive record years in 2007 / 2008. Through the third quarter of 2009, we have also delivered eleven consecutive profitable quarters. With the announcement of two new contracts earlier this month, we expect to continue our outstanding performance even in today's uncertain economic climate.
"I am today more excited about Cover-All's future than ever before. I welcome the opportunity to build on our accomplishments and collaborate with the outstanding people at Cover-All and our great customers. We have high expectations for ourselves and are ready to take advantage of the opportunities that we see ahead." Mr. Roblin has served as the Company's Chief Executive Officer since December 1999, as a member of the Company's Board since March 2000, and as Chairman of the Board since February 2001. He served as the Company's President from December 1999 to November 2008.
About Cover-All Technologies Inc.
Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry -- first to deliver PC-based commercial insurance rating and policy issuance software. Currently, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and value.
With extensive insurance knowledge, experience and commitment to quality, Cover-All continues its tradition of developing technology solutions designed to revolutionize the way the property and casualty insurance business is conducted. Additional information is available online at www.cover-all.com.
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(OTCBB: SSKY - Sea 2 Sky Corp.)
LATEST NEWS!!
Sea 2 Sky Corporation Appoints David Lahaie of Evergreen Recycling Inc. to Its Global Advisory Board
FERNDALE, WASHINGTON, Dec 23, 2009 -- Sea 2 Sky Corporation, (OTCBB: SSKY) a development-stage renewable bio-energy company, is pleased to announce the appointment of Mr. David Lahaie of Evergreen Recycling Inc. to its Global Advisory Board. Mr. Lahaie, based in Seattle, WA, brings a wealth of knowledge and innovative ideas to Sea 2 Sky and its Advisory Board established earlier this year. For the past 15 years, Mr. Lahaie has delivered turn-key sustainable solutions for byproducts of manufacturing industries, primarily through reallocation as an energy or raw materials resource.
Mr. Lahaie earned a BS in Marine Engineering in 1981 and is the former manager of business development for Burlington Environmental, Inc. based in Seattle, WA. He was an engineer with the National Oceanic and Atmospheric Administration, responsible for engineering and support for oceanographic research projects staged throughout the pacific. David Siebenga, CEO of Sea 2 Sky commented "Mr. Lahaie's appointment brings Sea 2 Sky a new window on markets and contacts in the expanding USA marketplace that will further develop our markets. We look forward to his assistance and guidance." About Sea 2 Sky Corporation Sea 2 Sky Corporation is headquartered in a HUB zone in Ferndale, WA. Sea 2 Sky Corporation is a development-stage renewable bio-energy company focused on delivering alternative energy solutions to Fortune 1000 companies, governmental agencies and countries around the globe. The Company intends to secure the largest concentration of biomass material globally and is backed by a "Special Category Minority Business" which will enable it to compete effectively in a substantially growing market. Sea 2 Sky is positioning itself strategically with alternative energy suppliers of renewable biomass energy products to secure and develop long-term supply contracts. It is planning to create a consistent specification that the target markets require to fulfill their energy needs in environmentally sound manufacturing facilities. More information about the Company may be found at www.sea2skyenergy.com.
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