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Another Strong Alert From Stock Hunter!! Sign Up Today For Our Free Newsletter!! IWEB,CIST,CCTR,AJGH,XMDC,GRNE
(M2 PressWIRE Via Acquire Media NewsEdge) Stock Hunter PRESENTS : (OTCBB: IWEB) IceWEB, Inc., (PINKSHEETS: CIST) Cityside Tickets Inc., (OTCBB: CCTR) China Crescent Enterprises, Inc., (OTCBB: AJGH) American Jianye Greentech Holdings Inc., (PINKSHEETS: XMDC) XTend Medical Corp., (PINKSHEETS: GRNE) Green Endeavors, Ltd.
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(OTCBB: IWEB - IceWEB, Inc.)
LATEST NEWS!!
IceWEB CEO Comments on 257% Increase in Data Storage Index
STERLING, Va., Mar 12, 2010 -- IceWEB, Inc.(TM) (OTCBB: IWEB), a leading storage systems company, commented today that the data storage and cloud computing industries are providing returns not seen since the late 1990s and shows no signs of slowing down.
"The data storage and cloud computing industries are in the second inning of a nine inning game," stated John R. Signorello, CEO of IceWEB Inc. "The industry continues to consolidate with another acquisition by CA Inc., the second largest maker of software for mainframe computers. CA, Inc. agreed to buy closely held Nimsoft Inc. for approximately $350 million to expand into the cloud computing arena. The large, cash rich legacy companies continue to target the smaller, more innovative companies to compete for what we consider to be the fastest growing industry in the world." As the data storage and cloud computing companies continue to grow and gain market share from the legacy companies, their stocks are outperforming as well. The data storage stock index consists of 14 data storage companies (http://www.tickerspy.com/index/Data-Storage-Stocks?refer=yhoo_2407_BCKUP) that have provided an average return of 257% during the last 12 months. One of the most impressive things about the index is that 14 of 14 stocks have provided a return greater than 30% in the last year. The smallest return in the data storage index was Adaptec (36.4%) and the largest return of (775%) was by Xyratex. Although the smaller, innovative companies, like IceWEB, (71% return in last 12 months) are flying under the radar, they are providing the cutting edge technologies that make them appealing to being acquired by larger corporations.
IceWEB presented at the Undiscovered Equities Conference in Boca Raton Florida on February 23, 2010, and continues to meet with institutional investors and retail brokers across the country. The knowledge level and understanding of cloud computing and the data storage industry is very low. As the retail broker and the individual investor become more knowledgeable, companies in the cloud computing and data storage sector will gain more recognition.
Please visit www.iceweb.com to stay informed of all of corporate developments.
About IceWEB, Inc.
Headquartered just outside of Washington, D.C., IceWEB manufactures and markets data storage systems, purpose built appliances, and network and cloud storage solutions. The Company also delivers on-line cloud computing application services. Its customer base includes U.S. government agencies, enterprise companies, and small to medium sized businesses (SMB). For more information, please visit www.IceWEB.com.
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(PINKSHEETS: CIST - Cityside Tickets Inc.)
LATEST NEWS!!
CitySide Tickets, Inc. to Enter Multibillion-Dollar MMA Industry
Mixed Martial Arts to Win Over Highly Profitable Young Adult Demographic
BOSTON, Mar 11, 2010 -- CitySide Tickets, Inc. (PINKSHEETS: CIST), which owns and operates www.CitySidetickets.com, a nationwide event ticket purchasing venue that caters to a diverse selection of popular theater, music, and sporting events, today announces that the company will be forming CitySide Entertainment for the purpose of promoting and sponsoring Mixed Martial Arts (MMA) events.
Mixed Martial Arts (MMA) attracts a youthful demographic, with a good portion between the ages of 18-24. While the techniques of MMA are not particularly innovative, it's the distinct combination of martial arts forms that has captured the attention of sports enthusiasts. According to Scarborough Sports Marketing, a sports fan research firm, MMA fans are also 15 percent more likely than the average American adult to have a household income of $75k+ and 10 percent more likely to own a second home. Building itself as a mainstream competitive sport, MMA is now a multimillion-dollar industry. It can be found on pay-per-view television, as well as in thousands of training halls across the United States.
Company CEO Michael DeAmicis stated, "Mixed Martial Arts (MMA) has become one of the fastest growing sports in the United States. With our focus of becoming a major player in the event ticket market, it only made sense to include MMA in our business strategy. With the formation of CitySide Entertainment, we will attempt to leverage the rapid growth within the MMA industry to further expand our influence in the larger entertainment industry." About CitySide Tickets, Inc.
CitySide Tickets, Inc. is positioning itself to become a major player in the event ticket market. CitySide offers a diverse range of tickets, including concert tickets, theater tickets, and sports tickets for sale through their website at www.CitySidetickets.com. In addition, visitors to the company's website can use the site to sell tickets they have available. CitySide Tickets also offers tickets to Major League Baseball, NBA Basketball, NFL Football, and NHL Hockey events. They also offer Monster Jam tickets, National Finals Rodeo tickets, Ultimate Fighting Championship tickets, U.S. Open Tennis Championship tickets, and WWE-World Wrestling Entertainment tickets.
Currently, CitySide Tickets is offering concert tickets for acts such as Taylor Swift, Bon Jovi, Lady Gaga, and Elton John & Billy Joel, to name a few. For theater tickets, the company is offering tickets for Wicked, The Jersey Boys, South Pacific, and Phantom of the Opera, among others. Racing events offered include tickets to the Daytona 500 at Daytona International Speedway as well as the Atlanta Motor Speedway, Darlington Raceway, Indianapolis Motor Speedway, Michigan International Speedway, Pocono Raceway, and Watkins Glen International.
For more information, please visit the Company's website at: www.CitySidetickets.com.
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(OTCBB: CCTR - China Crescent Enterprises, Inc.)
LATEST NEWS!!
China Crescent Enterprises, Inc. Reviews $200 Million in Potential Contracts in Webcast Presentation
DALLAS, TX, Mar 12, 2010 -- China Crescent Enterprises, Inc. (OTCBB: CCTR) recently announced goal to generate $200 million in revenue through partnership programs in 2010 has been reviewed in an on-demand Webcast. Dr. James Jiang, CEO of China Crescent, made the announcement during the Company's sales conference in Shanghai this week. Dr. Jiang explained the $200 million represented an additional $100 million revenue goal, with the additional $100 million revenue not necessarily to be recognized directly by China Crescent but otherwise to be recognized in a combination of opportunities won by individual partner participants. The presentation also includes a summary of the Shanghai Sales Conference which was organized to provide China Crescent technology partners with the latest information on sales programs and opportunities in China.
About China Crescent Enterprises, Inc.
China Crescent is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. Following a recent strategic acquisition, the Company has expanded its business line to include original design manufacturing (ODM). China Crescent reported over $40 million in profitable revenue in 2008. The Company has reported record profits through the first 9 months of 2009 and anticipates reporting record profit in the 2009 annual report. Management has set a goal of reaching $100 million in revenue in 2010.
Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.
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(OTCBB: AJGH - American Jianye Greentech Holdings Inc.)
LATEST NEWS!!
American Jianye Greentech Holdings, Inc. Builds New Clean Fuels Production Plant in Northeast China
NEW YORK, March 12, 2010 -- American Jianye Greentech Holdings, Inc., (OTC Bulletin Board: AJGH), an alternative fuel company which develops, manufactures, and distributes alcohol-based automobile fuel products in the People's Republic of China, announced today that its wholly owned operating company, Heilongjiang New Clean Fuels Co., Ltd has opened an office and is completing the construction of a new clean fuels production plant in the North Industrial Area, Liaoning Province, Tieling City, China.
Heilongjiang New Clean Fuels manufactures alcohol-based fuels that are approximately eighty-five percent alcohol and fifteen percent gasoline or diesel, which can achieve high heat value and low-carbon emissions effect. This product has been awarded a national patent in China, and its advanced fuel blending technology has gained the State Development and Reform Commission acknowledgement.
The Tieling Industry Zone is an area of approximately 38.33 square kilometers. American Jianye has control over approximately 80,000 square meters, with 4,000 square meters dedicated for a vehicle conversion and a restructuring factory and 10,000 square meters for an automobile clean fuel and civil use clean fuel blending and production facility. The clean fuels facility will have the capacity to produce 200,000 tons of blended fuels each year, yielding approximately $100 net per ton.
"From this base of operations, the Company will not only be able to produce a competitive and diversified product line, but we'll also gain entry into central, eastern and southern China markets through the Yingkou and Qinhuangdao Ports," stated Haipeng Wang, the Company's President. "We intend to grow our business, in the coming months and years, by expanding the business scope and scale to include other diversified and specialized products." About American Jianye Greentech Holdings, Inc.: American Jianye Greentech Holdings, Inc. is an alternative fuel company that develops, manufactures, and distributes alcohol-based automobile fuel products in the People's Republic of China. The Company's products are designed to function as a lower-cost, more environmentally friendly alternative to conventional gasoline-based auto fuel. For more information about AJGH, please visit http://americanjianyegroup.com.
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(PINKSHEETS: XMDC - XTend Medical Corp.)
LATEST NEWS!!
XTend Medical Corporation Files Complaint to Secure Assets of the BioHarp From U & I Bio-Tech Korea and California and Mr. Sam Lee
SUN VALLEY, CA, Mar 10, 2010 -- XTend Medical (PINKSHEETS: XMDC), a company that specializes in delivering life-changing medical technology to healthcare organizations globally, announced today that the company has filed legal action against U & I Bio-Tech, Korea and California, as well as Mr. Sam Lee personally, for their failure to deliver all BioHarp-related assets acquired pursuant to the Asset Purchase Agreement signed on December 8, 2009. The case, captioned as XTend Medical Corp. v. Lee, was filed on Monday, March 8, 2010 and is pending in the United States District Court for the Central District of California as Case No, 2:10-CV-01681 DMG (JEMx).
The company released the following statement regarding this matter: "Unfortunately, XTend Medical Corporation has been forced to file a complaint against Mr. Sam Lee, U & I Bio-Tech, Korea, and U & I Bio-Tech, California for non-delivery of the BioHarp assets, as well as numerous actions and inaction that have caused the company significant injury. XTend has engaged Knobbe, Martens, Olson, and Bear, LLP, an intellectual property law firm, to handle our litigation." On December 8th, 2009, XTend Medical signed an Asset Purchase Agreement with U & I Bio-Tech, Korea, U & I Bio-Tech, California, and Mr. Sam Lee to acquire the entire BioHarp assets to include all patents, software, hardware, intellectual property, marketing materials, and, in effect, everything that has to do with the BioHarp medical device. The company paid for the assets in an all stock purchase in the amount of 541,853,832 common shares of which 80% came from personal holdings of current management. Since that time, Mr. Lee has failed to deliver all of the assets outlined in the APA, and he has severely hampered XTend Medical in moving its business model forward. On numerous occasions, XTend's corporate counsel, Mr. Carl Duncan, has sent demand letters to Mr. Lee through his counsel, requesting delivery of the entire BioHarp assets, including proper working models, marketing materials, manufacturing progress, and all other pertinent information so XTend can begin the sales and marketing process of the BioHarp globally. These demand letters have been ignored by Mr. Lee for the most part. While Mr. Lee did provide a portion of the assets, he has materially failed to deliver the entire assets, including assigning the intellectual property to the company, as he promised to do in the APA. The company has tried now for over 90 days to resolve this matter amicably, but Mr. Lee has not fulfilled his obligations. Therefore, XTend has filed this Complaint in order to achieve full compliance with the asset delivery and to insure that it takes appropriate steps to protect shareholders and to secure the future of the company. Company management wishes to inform its shareholders that it was advised by the company's corporate and securities counsel to remain silent while multiple attempts (ultimately unsuccessful) were made to secure the BioHarp assets from Mr. Lee and U & I, Korea and California. This silence may have caused shareholders to question the viability of the company. In any event, these developments have caused the company to be in a holding pattern. Notwithstanding this development, the company is continuing to move forward. Management believes it now has possession of the schematics necessary to manufacture the device and to recreate the operating software. The company has received several older, non-working versions of the BioHarp that can assist in the molding and further development of the BioHarp. Management will begin to work with qualified engineers, both hardware and software, so it can improve the device and software in order to reach the full potential of the BioHarp business model.
The company's current goal is to identify a manufacturing partner, presumably in the U.S. and hopefully with an established medical device manufacturing company that can expedite a newer, improved device that it can bring BioHarp to market as soon as possible. Marketing materials, the website, and sales literature will now have to be recreated from scratch. While this is a setback in the company's current timeline, management is determined to make the BioHarp business model succeed and to bring to market a more robust device that can clearly assist the medical community in diagnosing harmful diseases. Management believes these events will not stand in the way of the company's progress, and it will overcome the present adversity and make XTend Medical a powerhouse in the medical community.
Mr. Paul D. Lisenby, CEO of XTend Medical, released the following statement, "Regrettably, the company has been forced into a situation where my duties as CEO have been relegated to insure the assets purchased on December 8, 2009 are fully delivered into the company's possession and control as per our Asset Purchase Agreement signed and agreed upon by all parties involved. My resolve to insure the company moves forward has never wavered. While these events have been hard on Mr. Friedman and me, we will not rest until the BioHarp is in the marketplace and functioning the way we know this device can. It is Mr. Friedman's and my view that the company will endure, and our loyal shareholders will be proud to be a part of something that will change the landscape of medical diagnosis in the healthcare arena. We are progressing as fast as possible given the non-action by the other parties and we will expedite as humanly possible the development of the BioHarp and gain sales as soon as feasible given the current circumstances. We will continue to update our shareholders as our progress continues." About XTend Medical XTend Medical is a company that specializes in the sales, manufacturing, and distribution of the latest in medical devices and telemedicine solutions for the healthcare industry. It is dedicated to insuring its products and services offered and to be offered to healthcare organizations, third-world countries, and physician groups is at the forefront of medical technology. In management's opinion, the recent acquisition of the BioHarp medical device will assist the company in becoming known as a leader in the healthcare sector globally. For further information, please contact XTend at info@bioharpunius.com or visit its website at www.bioharpunius.com
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(PINKSHEETS: GRNE - Green Endeavors, Ltd.)
LATEST NEWS!!
Green Endeavors Gross Revenues Top $2M for 2009
SALT LAKE CITY, UT, Mar 12, 2010 -- Green Endeavors, Ltd. (PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings, Inc., announced that its salon operations estimated net sales for the year ended December 31, 2009 were $2,044,351. Combined net income for the salon entities, which includes Landis Salons, Inc. and Newby Salons LLC, for the year ended December 31, 2009, is currently estimated at $162,419 compared to $38,577 for year end 2008, an increase of 321% or $123,842. This increase was the result of the reduction in various expenses related to the salon operations from 2008 to 2009.
GRNE's flagship salon located at 1298 South 900 East in Salt Lake City, Utah reported net sales of $1,880,545 for the 2009 year as compared to net sales of $1,843,963 for 2008, a 2% or $36,582 increase. While revenues for both locations on a combined basis decreased by $83,494 or 4% in 2009 compared to sales of $2,127,845 for the year ended December 31, 2008, the number of services at the Salt Lake City Salon increased by 1,557 in 2009. The reason for the decrease in sales is attributable to its Bountiful location, which management considers an underperforming location.
Despite the underperforming location, our salon operations were able to improve net income and increase the total number of services provided substantially at our flagship location while decreasing our price point per service to accommodate for a sluggish economy. Mr. Richard Surber, President of GRNE, commented, "Our research has indicated that over 2,000 salons have closed over the last two years which our organization intends to capitalize on in the future by hopefully attracting new clients from those salons that have closed. We are continuing our efforts to staff up in anticipation of opening additional locations in the Salt Lake Valley." Mr. Surber further commented, "I have identified an additional or alternative location which we anticipate opening prior to the 2010 Holiday season. This new location may replace the underperforming Bountiful location, in the event we are unable to make substantial improvements in sales at that location prior to June 30. More details on the potential new location will be forth coming in the weeks ahead." About Green Endeavors, Ltd.
Green Endeavors, Ltd. (PINKSHEETS: GRNE), headquartered in Salt Lake City, Utah, is a holding company with operations in health & beauty. GRNE owns a majority interest in Landis Salons, Inc., http://www.landissalons.net, hair salons built around the world-class AVEDA(TM) product line. For more information, visit http://www.green-endeavors.com.
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