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NEAH Power and Major US Defense Supplier Collaborate to Deploy NEAH Power Fuel Cells
BOTHELL, WA -- 08/03/10 -- NEAH Power Systems, Inc., (OTCBB: NPWZ), www.neahpower.com, the Company developing fuel cell based renewable energy, announced today that it is collaborating with a major US Defense Supplier to explore development of unique power solutions for potential customers. The Defense Supplier is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation, the Defense Supplier provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services.
"This is further validation of our technology, and we are honored and privileged to work with such an industry leader. The team at NEAH looks forward to providing patented, differentiated power solutions for defense, homeland security, and other applications," said Dr. Chris D'Couto, President and CEO of NEAH Power Systems.
"We produce a number of systems and components, which could potentially benefit from NEAH Power Systems' anaerobic fuel cell technology. We would like to work together to explore how NEAH Power Systems' technology may be applied to complement our solutions for enhanced operation of equipment for our customers," commented the Vice President of Advanced Technologies for the Defense Supplier.
About NEAH Power
NEAH Power Systems, Inc. (NPWZ) is developing long-lasting, efficient and safe power solutions for the military and for portable electronic devices and off the grid power solutions. NEAH uses a unique, patented, silicon-based design for its micro fuel cells that enable higher power densities, lower cost and compact form-factors.
Further company information can be found at www.neahpower.com.
Forward-Looking Statements
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See NEAH Power System's Form 10-KSB for the fiscal year ended September 30, 2009 for a discussion of such risks, uncertainties and other factors. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
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Aventine Announces $50 Million Private Offering of Senior Secured Notes
PEKIN, Ill., -- 08/02/2010 -- Aventine Renewable Energy Holdings, Inc. (OTCBB:AVRW) announced plans to commence a private offering of an additional $50 million in aggregate principal amount of its 13% senior secured notes due 2015. The company intends to use the gross proceeds of the proposed offering for transaction expenses and either applied to replenish funds previously used to construct or acquire equipment and real estate pledged to secure the notes (which replenished funds may be used to acquire additional equipment and real estate or for other general corporate purposes) or deposited at closing with the collateral agent pending use to construct or acquire equipment and real estate pledged to secure the notes. Certain significant investors of the company have agreed to purchase any unsubscribed-for notes up to an aggregate principal amount of $50 million, subject to certain conditions.
The notes to be offered have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes will be offered only to accredited investors under Rule 501 of Regulation D and qualified institutional buyers under Rule 144A.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the notes nor shall there be any sale of the notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About Aventine Renewable Energy Holdings, Inc.
Aventine is a leading producer and marketer of ethanol to many leading energy companies in the United States. In addition to ethanol, Aventine also produces distillers grains, corn gluten meal, corn gluten feed, corn germ and brewers' yeast.
Forward Looking Statements
Certain information included in this press release may be deemed to be "forward looking statements" within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including the company's plans to complete a private offering of $50 million of senior secured notes. All statements, other than statements of historical facts, included in this press release, are forward looking statements. Any forward looking statements are not guarantees of Aventine's future performance and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward looking statements. Aventine disclaims any duty to update any forward looking statements. Some of the factors that may cause Aventine's actual results, developments and business decisions to differ materially from those contemplated by such forward looking statements include the following:
* Our ability to obtain and maintain normal terms with vendors and service providers;
* Our estimates of allowed general unsecured claims, unliquidated and contingent claims and estimations of future distributions of securities and allocations of securities among various categories of claim holders;
* Our ability to maintain contracts that are critical to our operations;
* Our ability to attract and retain customers;
* Our ability to fund and execute our business plan and any ethanol plant expansion projects;
* Our ability to receive or renew permits to construct or commence operations of our proposed capacity additions in a timely manner, or at all;
* Laws, tariffs, trade or other controls or enforcement practices applicable to Aventine's operations;
* Changes in weather and general economic conditions;
* Overcapacity within the ethanol, biodiesel and petroleum refining industries;
* Availability and costs of products and raw materials, particularly corn, coal and natural gas and the subsequent impact on margins;
* Our ability to raise additional capital and secure additional financing, and our ability to service our debt or comply with our debt covenants;
* Our ability to attract, motivate and retain key employees;
* Liability resulting from actual or potential future litigation; and
* Plant shutdowns or disruptions.
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mBeach Software Inc. Signs a Memorandum of Understanding in Emerging Russian and CIS Markets
TEL AVIV, Israel, -- 08/02/2010 -- mBeach Software Inc. ("MBHS") (OTCBB:MBHS) today announced the signing of a memorandum of understanding (MOU) for the future distribution of SkinScan 650, the medical device for detection and diagnosis of skin cancer, signed by the wholly owned subsidiary, Skin Cancer Scanning Ltd. with a Russian Corp, active in the medical device field. This follows the company's recent announcement that it is targeting new market opportunities in this emerging region.
The new MOU covers the regulatory certification required by the Russian regulator, regional sales, marketing and distribution of SkinScan 650, SCS's non-invasive, point-of-care system to detect and identify different types of skin cancers.
Russia and the CIS are among the fastest-growing healthcare markets globally. Total population of the region exceeds 270 million people, and there is increasing demand for advanced medical technologies. According to health care experts, one of the most serious problems with cancer treatment in Russia is a very low rate of early detection. Typically, the disease is diagnosed at very advanced stages when treatment options are less effective and more costly.
"This MOU is an important element of our growth strategy for this region," said mBeach CEO Yossi Biderman. "Our product, though still a prototype, will be ideally suited, once the industrial prototype is approved by the Russian regulator, to meet the growing demand for better cancer detection. We are very excited at the potential of this market and see this MOU as a stepping stone to entering additional, attractive markets around the world."
About SCS
Skin Cancer Scanning Ltd. (SCS) is a medical device company pioneering the development and commercialization of a revolutionary and proprietary imaging system for the early detection and diagnosis of skin cancer.
Our product, SkinScan 650, is a non-invasive, point-of-care (in the doctor's office) system to detect and identify different kinds of skin nevi, tumors, lesions and cancers. SkinScan 650 enables physicians to diagnose skin cancer at an earlier, more curable stage. This will reduce the number of biopsies, lower treatment costs, and improve quality of life.
For more information on SCS, visit www.scs-med.com.
Forward Looking Statements
This release contains forward-looking statements, including, but not limited to, statements regarding the future commercialization of SCS' products, the market demand for these products and the proprietary protections the Company will obtain with regard to the technology, all of which statements are subject to market risks, and the possibility that the Company will not be able to obtain patent protection or obtain sufficient customer demand. These statements are made based upon current expectations and actual results may differ from those projected due to a number of risks and uncertainties.
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Single Touch Systems Continues to Expand the Mobile Dial Code Market with Support from the Largest U.S. Mobile Carriers and Retail Organizations
ENCINITAS, Calif. -- 08/02/2010 -- Single Touch Systems (OTCBB:SITO), the true pioneer in cross-carrier Abbreviated Dial Codes/Mobile Dial Codes (ADC/MDC's) and direct response marketing, announced that its ESP Messaging Platform solution is available across all U.S. mobile carriers, including AT&T* and Verizon. The Single Touch ESP Messaging Platform can reach over 285 million consumers in the U.S. across all major Carriers. The ESP solution enables Retailers, Brands and Agencies to reserve and utilize branded ADC/MDC's to reach their customers.
ADC/MDC's are intelligent phone numbers preceded by "#" that anyone with a mobile phone can dial to get information, receive money saving alerts, or communicate real-time about important events like prescription updates. This easy to use dial code allows consumers to use any phone, across all major carriers. Retailers benefit by being able to communicate offers through a mobile platform, in an easy to use format, and in a uniform way across different carriers and handsets.
"Single Touch Systems has completed a massive integration at the retail level between our company and the retailers. As a result, we are seeing the world's largest retailer, and other big brands and retail locations, make ADC/MDC's part of their digital strategy to reach their consumers," said Single Touch Systems CEO Anthony Macaluso. "We are very grateful to the major U.S. carriers, AT&T & Verizon Wireless in particular, that have supported our efforts over the last six years to educate consumers about the power, and ease of use, of the ADC/MDC's."
To support this effort, Single Touch Systems also is announcing that it is expanding its ADC/MDC Registry and opening it up to all retailers and brands, as well as both traditional and interactive advertising agencies.
SITO Strategic Advisor and Senior Board Member, Richard Siber, said, "All of the hard work with our carrier partners, mobile industry trade organizations and valued clients over the past six years has allowed us to be able to solidify our position as the premier company in the ADC/MDC space. We are now a true force in the changing face of retail business in the United States. Our registry solution allows brands a unique ability to reserve strategic dial codes across all major U.S. carriers, similar to how forward thinking companies reserved URLs in the early days of the internet. These codes will allow our clients to reach consumers that they never had reached over a mobile device before, and therefore bringing their mobile marketing messages truly into mainstream America."
To find out more and to register and lease an ADC/MDC, go to www.singletouch.net
* AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About Single Touch Systems, Inc.
Single Touch Systems, Inc. (OTCBB: SITO) provides wireless operators, consumer brands, and retailers with innovative mobile marketing and commerce delivery solutions. Single Touch Systems' powerful portfolio of voice, data, SMS and commerce products are delivered via its patented Enhanced Services Platform (ESP). The Company's products are designed to be simple and easy to use and Single Touch is the only company to provide cross carrier deployment for its pioneering and award winning Abbreviated Dialing Codes/Mobile Dialing Codes. For more information, please visit www.singletouch.net.
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