Green EnviroTech Holdings Corporation announced after the closing bell yesterday that its wholly-owned subsidiary, Green EnviroTech Corporporation (“GETC”) has signed a contract with Agilyx (formerly Plas2Fuel) for exclusive resale rights to the synthetic crude oil produced by Agilyx from difficult-to-recycle plastics provided by GETC. GETC is an industry leader in plastics recovery, separation, cleaning and recycling. Agilyx is a privately-held alternative energy company which uses its patent-pending technologies to convert difficult-to-recycle waste plastics into synthetic crude oil and other valuable petroleum-based products.
Plastic waste is ramping up in volume in both the United States and Europe dramatically. 20% of landfill volume is taken up by mixed plastic waste. The U.S. and Europe landfill 26 million tons and 73 million tons of plastic each year, respectively. This waste could potentially be converted to 24.5 billion gallons of petroleum products using the Agilyx technologies.
Agilyx uses its patent pending process to “decompose” plastics back into hydrocarbons while separating undesirable organics (chlorine, bromine, etc.) entrained in the plastic. Using this relatively simple continuous batch process, Agilyx has been converting waste plastics into synthetic sweet crude oil and selling it in the open market for the last two years. The process is scalable, versatile and environmentally friendly.
GreenEnviroTech has established key partnerships with various automotive shredder locations nationwide and constructed large-scale, plastic recycling operations in close proximity. This contract with Agilyx allows GETC to provide any and all types of plastic, comingled, dirty and/or contaminated materials to be processed in the Agilyx recycling system. The “green”, ultra clean, “sweet” crude oil that is produced from the scrap will then in turn be sold to oil refineries.
“We are extremely pleased to partner with industry leader Agilyx to help extend our large scale recycling and favorable carbon footprint efforts,” said Gary DeLaurentiis, Chief Executive Officer, Green EnviroTech Corp. “This is truly a unique opportunity to produce oil in the U.S. without drilling into the ground while using ‘no-value’ materials that would normally go to landfills to produce the oil. The net-positive environmental impacts, creation of green collar jobs, production of domestic sources of oil and industry spanning economic benefits are combined using Green EnviroTech’s expertise.”
More information on Green EnviroTech Holdings Corporation and its subsidiary can be found on the Company’s website at www.greenenvirotech.com.
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Friday, August 27, 2010
Rodman & Renshaw Capital Group, Inc. (RODM) Video Chart for Friday, August 27, 2010
RODM has been on a slide for many months, but is showing signs of reversal. In the past when the PPO and ADX have positioned themselves in similar fashion to that they are now, a nice bounce has occurred.
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Thursday, August 26, 2010
eDoorways Corp. (EDWY.PK) Adds Virtual Martial Arts Competition PowerChannel
eDoorways Corp. announced earlier today that it has assisted TMAN.com with the launch of its Virtual Martial Arts Competition PowerChannel. “Martial arts competitors from around the world will now have an opportunity to compete on TMAN.com in a world arena for everyone to see,” commented Gary Kimmons, CEO of eDoorways. Organizing the first martial arts tournament to have virtually an unlimited number of categories in which challengers can compete, TMAN intends to integrate its new eDoorways PowerChannel into its proposed global service offering.
TMAN is the result of two martial arts experts, Dr. Ron Valli and Master Ron Tramontano, who joined forces to bring the martial arts community a truly world renowned portal. Since becoming the first global martial arts presence on the web fifteen years ago, Master Tramontano has worked diligently to integrate martial arts into the lives of every person in every country around the world.
“It’s time to get out the video equipment and show the world what you got. You need to jump head first into this one… it’s about to get interesting,“ stated Master Ron Tramontano.
“Martial arts is a natural market for eDoorways PowerChannels,” added Gary Kimmons. “It’s growing virally, and martial arts aficionados love to communicate with each other about the art and current competitions. We see the possibility for a large number of PowerChannels focusing on MMA and how it’s practiced,” Kimmons continued.
“Here’s how the Virtual Martial Arts Competition works,” explained Master Tramontano. “When five videos have been submitted in the same category, a competition will take place and the winner will prevail. That winner will be notified that he or she has won and has moved to the next five submitted videos in that same category. Once a video has won five times in the same category, the video is removed and placed in holding until October of that year. At this time, all videos in holding in the same category will compete for the title of ‘all around world champion’, Good luck!,” Master Tramontano concluded.
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TMAN is the result of two martial arts experts, Dr. Ron Valli and Master Ron Tramontano, who joined forces to bring the martial arts community a truly world renowned portal. Since becoming the first global martial arts presence on the web fifteen years ago, Master Tramontano has worked diligently to integrate martial arts into the lives of every person in every country around the world.
“It’s time to get out the video equipment and show the world what you got. You need to jump head first into this one… it’s about to get interesting,“ stated Master Ron Tramontano.
“Martial arts is a natural market for eDoorways PowerChannels,” added Gary Kimmons. “It’s growing virally, and martial arts aficionados love to communicate with each other about the art and current competitions. We see the possibility for a large number of PowerChannels focusing on MMA and how it’s practiced,” Kimmons continued.
“Here’s how the Virtual Martial Arts Competition works,” explained Master Tramontano. “When five videos have been submitted in the same category, a competition will take place and the winner will prevail. That winner will be notified that he or she has won and has moved to the next five submitted videos in that same category. Once a video has won five times in the same category, the video is removed and placed in holding until October of that year. At this time, all videos in holding in the same category will compete for the title of ‘all around world champion’, Good luck!,” Master Tramontano concluded.
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Bronco Drilling Company, Inc. (BRNC) Reports July 2010 Utilization
Bronco Drilling Company, Inc. released the company’s monthly operational update for July 2010. The update covers utilization and other data for the company’s land rig fleet used for oil and gas drilling in United States.
Bronco Drilling Company, Inc. reported total fleet utilization of 56% for July 2010, approximately flat with the 56% total fleet utilization reported for June 2010. The company reported total fleet utilization of 54% for the entire second quarter of 2010.
Bronco Drilling Company, Inc. said that it had thirty-seven marketable rigs working in July 2010, the same as June 2010 and full second quarter of 2010.
Bronco Drilling Company, Inc. reported that the company’s rig fleet had an average day rate of $16,715 as of the end of July 2010, compared to $16,515 at the end of June 2010. The fleet had an average day rate of $15,926 for the entire second quarter of 2010.
The management of Bronco Drilling Company, Inc. attributed the increase in the average day rate to a wage increase for the company’s rig employees. This wage increase is contractually passed through to the customers leasing the rigs.
Bronco Drilling Company, Inc. said that its fleet is working in various oil and gas basins in the United States, including the Bakken, Marcellus, Haynesville and Woodford Shale.
For more information on the company, go to www.broncodrill.com
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Bronco Drilling Company, Inc. reported total fleet utilization of 56% for July 2010, approximately flat with the 56% total fleet utilization reported for June 2010. The company reported total fleet utilization of 54% for the entire second quarter of 2010.
Bronco Drilling Company, Inc. said that it had thirty-seven marketable rigs working in July 2010, the same as June 2010 and full second quarter of 2010.
Bronco Drilling Company, Inc. reported that the company’s rig fleet had an average day rate of $16,715 as of the end of July 2010, compared to $16,515 at the end of June 2010. The fleet had an average day rate of $15,926 for the entire second quarter of 2010.
The management of Bronco Drilling Company, Inc. attributed the increase in the average day rate to a wage increase for the company’s rig employees. This wage increase is contractually passed through to the customers leasing the rigs.
Bronco Drilling Company, Inc. said that its fleet is working in various oil and gas basins in the United States, including the Bakken, Marcellus, Haynesville and Woodford Shale.
For more information on the company, go to www.broncodrill.com
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CAMAC Energy Inc. (CAK) Starts Drilling On Chinese Natural Gas Project
CAMAC Energy Inc. reported that it has started drilling an initial well in the Ordos Basin in China. The well is the first in a two well program planned to explore and develop natural gas in the area.
The ZJS-02 well will be drilled at the company’s Zijinshan Gas project in Shanxi Province. If the well is successful, CAMAC Energy Inc. will follow up with the ZJS-03 well.
CAMAC Energy Inc. reported that the two well program is based on an appraisal of 160 kilometers of seismic data acquired in the Zijinshan Gas project area. The appraisal began in 2009.
The Zijinshan Gas project comprises approximately 175,000 acres in the Ordos Basin, which is the second largest oil and gas producing area in China. An assessment by a third party estimates that the Zijinshan Gas project may contain up to 3.8 trillion cubic feet of natural gas.
CAMAC Energy Inc. is the sole foreign oil and gas exploration and production company involved with the Zijinshan Gas project, and is partnering with Petro China CBM Co., a local Chinese company, on the development. CAMAC Energy Inc. reported that the area is near major pipeline infrastructure to help transport the production to the end user or buyer.
For more information on the company, go to www.camacenergy.com
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The ZJS-02 well will be drilled at the company’s Zijinshan Gas project in Shanxi Province. If the well is successful, CAMAC Energy Inc. will follow up with the ZJS-03 well.
CAMAC Energy Inc. reported that the two well program is based on an appraisal of 160 kilometers of seismic data acquired in the Zijinshan Gas project area. The appraisal began in 2009.
The Zijinshan Gas project comprises approximately 175,000 acres in the Ordos Basin, which is the second largest oil and gas producing area in China. An assessment by a third party estimates that the Zijinshan Gas project may contain up to 3.8 trillion cubic feet of natural gas.
CAMAC Energy Inc. is the sole foreign oil and gas exploration and production company involved with the Zijinshan Gas project, and is partnering with Petro China CBM Co., a local Chinese company, on the development. CAMAC Energy Inc. reported that the area is near major pipeline infrastructure to help transport the production to the end user or buyer.
For more information on the company, go to www.camacenergy.com
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ProGreen Properties, Inc. (PGEI.OB) Enters Into $2.5M Equity Financing Deal
ProGreen Properties, www.progreenproperties.com – the Birmingham, Michigan-based firm which focuses on acquiring residential properties and then retrofitting them for improved energy efficiency, lowered emissions and enhanced sustainability, reported that the Company entered into a $2.5M Equity Line of Credit financing deal yesterday with LeadDog Capital LLP, New York.
Registration of a maximum of 10M shares to secure the financing, which will cover a period of up to 24 months, will boost PGEI’s free-float in the market, according to President and CEO, Jan Telander. According to the 8K filed yesterday, the agreement depends on the Company filing a registration statement with the SEC, which must be declared effective (by the SEC) in order for the financing to move ahead.
Telander explained that this move would help to organically drive liquidity, while allowing PGEI to retain control of the number of shares to be issued, as put notices will be presented when the market demand and price are at levels deemed optimal by the Company.
Telander further illustrated that the low cost of incoming cash, which will be used to acquire real estate that can be upgraded to produce further income, was a great deal for PGEI and its shareholders, who would be able to reap the substantial rewards of the strategy.
This huge boost to overall throughput for PGEI’s business model will allow a large number of properties to be simultaneously marketed under the ProGreen Realty banner, driving brand identity and inevitably market share/revenue.
The Company sees Michigan as an ideal environment, given prevailing market conditions, with a distressed property market and a strategy for essentially “green-flipping” residential sites into fully managed investment properties with a 7.5-8% yield net after fees and taxes.
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Registration of a maximum of 10M shares to secure the financing, which will cover a period of up to 24 months, will boost PGEI’s free-float in the market, according to President and CEO, Jan Telander. According to the 8K filed yesterday, the agreement depends on the Company filing a registration statement with the SEC, which must be declared effective (by the SEC) in order for the financing to move ahead.
Telander explained that this move would help to organically drive liquidity, while allowing PGEI to retain control of the number of shares to be issued, as put notices will be presented when the market demand and price are at levels deemed optimal by the Company.
Telander further illustrated that the low cost of incoming cash, which will be used to acquire real estate that can be upgraded to produce further income, was a great deal for PGEI and its shareholders, who would be able to reap the substantial rewards of the strategy.
This huge boost to overall throughput for PGEI’s business model will allow a large number of properties to be simultaneously marketed under the ProGreen Realty banner, driving brand identity and inevitably market share/revenue.
The Company sees Michigan as an ideal environment, given prevailing market conditions, with a distressed property market and a strategy for essentially “green-flipping” residential sites into fully managed investment properties with a 7.5-8% yield net after fees and taxes.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
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Innocent Inc. (INCT) Extends Acreage in Ecuador
Innocent, www.innocentinc.com – the rapid growth via acquisition-focused emergent gold mining firm targeting upgradeable resource sites in Ecuador, announced acquisition today of the currently-in-production Murciealagos Vizcaya and Lilly Rai mining concessions by Global Finishing Ecuador (GFE – of which INCT is majority owner via 51% acquisition of Global Finishing Incorporated).
Located in Ecuador’s historically proven Zaruma-Portovelo Mining District, within El Oro Province, the site is strategically ideal given the Company’s other concerns in the area, and consists of substantial acreage containing some 145k ounces of inferred gold (Independent Geological Report released Aug. 16 this year).
However, this preliminary analysis is based only upon a mining depth of 200 meters. The report itself indicates that multiple gold veins within the property may extend down to 2k+ kilometers, thus the actual value of the resources may be substantially larger.
A reported $1.2M total ($250k down, paid at signing and 950k every six months for five months thereafter) payment will be made under the terms of the purchase agreement, for which Innocent has agreed to secure funding.
VP, South America Operations for INCT, Richard Diotte, detailed how this acquisition is in full accord with the overall business strategy of obtaining and developing upgradeable clusters of in-production/near-production sites which are currently undervalued and not producing at their full potential output capacity.
Diotte explained the plan to rapidly implement aggressive new production initiatives as being centered on the opening up of an entire network of new work fronts, as well as increasing the depth. Diotte also characterized the acquisition as particularly undervalued, representing a massive return opportunity for the Company’s investors.
Previous owners of the site merely employed primitive, small-scale artisan mining methods. The introduction of a mechanized infrastructure with skilled labor is expected to lead to radically improved resource output.
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Located in Ecuador’s historically proven Zaruma-Portovelo Mining District, within El Oro Province, the site is strategically ideal given the Company’s other concerns in the area, and consists of substantial acreage containing some 145k ounces of inferred gold (Independent Geological Report released Aug. 16 this year).
However, this preliminary analysis is based only upon a mining depth of 200 meters. The report itself indicates that multiple gold veins within the property may extend down to 2k+ kilometers, thus the actual value of the resources may be substantially larger.
A reported $1.2M total ($250k down, paid at signing and 950k every six months for five months thereafter) payment will be made under the terms of the purchase agreement, for which Innocent has agreed to secure funding.
VP, South America Operations for INCT, Richard Diotte, detailed how this acquisition is in full accord with the overall business strategy of obtaining and developing upgradeable clusters of in-production/near-production sites which are currently undervalued and not producing at their full potential output capacity.
Diotte explained the plan to rapidly implement aggressive new production initiatives as being centered on the opening up of an entire network of new work fronts, as well as increasing the depth. Diotte also characterized the acquisition as particularly undervalued, representing a massive return opportunity for the Company’s investors.
Previous owners of the site merely employed primitive, small-scale artisan mining methods. The introduction of a mechanized infrastructure with skilled labor is expected to lead to radically improved resource output.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
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The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
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