latest news releases from the newsroom
Coda Octopus Group, Inc.
Sales Growth for Coda Octopus Group
NORTH SALEM, N.Y., March 3, 2005 (PRIMEZONE) -- Coda Octopus Group, Inc. (Pink Sheets: CDOC) reports that its order book has experienced dramatic growth, with an increase of 342% in sales orders for 2005 compared to 2004. With the company's order book at the end of January 2005 totaling $1.3m, the first quarter of the New Year has begun well ahead of target.
American Consolidated Management Group
Company Enters Into First Sales Contract
GREER, S.C., March 3, 2005 (PRIMEZONE) -- American Consolidated Management Group, Inc. (Pink Sheets:ACMI), who is involved in the development and commercialization of natural plant products, today announced that it has entered into an agreement with Nu Specialty Foods Group, LLC, a North Carolina limited liability company located in Graham, North Carolina, whereby Nu Specialty Foods shall purchase a special blend of Sunutra(tm) powders for incorporation into their biscuit product line. Specifically, the products covered by this agreement for the food service industry consist of frozen unbaked biscuit dough, frozen baked biscuits and biscuit dry-mix. Nu Specialty will possess the exclusive right to manufacture these products with Sunutra(tm) for a period of three (3) years provided certain minimum purchase requirements are maintained. In addition, Nu Specialty must purchase a minimum of 1,586 pounds of this powder on or before June 1, 2005, thereby guaranteeing ACMG with minimum cash inflow in excess of $100,000.00. Nu Specialty is a specialized food company that supplies certain fast food chains as well as school lunch programs across the U.S. ACMG is continuing to negotiate with other food processors and hopes that additional customers will be entering into similar agreements. All agreements, including the Nu Specialty contract, require the maintenance of confidentiality of this Company's technology, and a covenant not to reverse engineer that technology. Prior to the finalization of any agreements, each potential customer is required to execute and deliver to ACMG a confidentiality agreement as well as a material transfer agreement. Other firms have executed such agreements and discussions and testing are now ongoing.
Eastmain Resources Inc.
Eau Claire Inferred Gold Resource Increased By 960%
TORONTO, March 3, 2005 (PRIMEZONE) -- Eastmain Resources Inc. (TSE:ER) is pleased to announce an increase of 960% in inferred resource ounces at the Eau Claire gold deposit compared to those reported on December 19, 2001. The updated resource estimate was based on 51 drill holes, totalling 27,285 metres, completed in three phases of exploration. This estimate includes an indicated resource of 1,029,332 tonnes at 9.46 grams gold per tonne or 0.28 ounces per ton (8.18 g/t cut grade) containing 310,000 ounces, and an inferred resource of 3,049,660 tonnes at 6.9 grams gold per tonne (6.5 g/t cut grade) containing 680,000 ounces.
Pacific Sands Inc
Pacific Sands, Inc. Receives Orders from Three Major Market Spa Product Distributors
RACINE, Wis., March 3, 2005 (PRIMEZONE) -- Pacific Sands, Inc. (OTCBB:PFSD) announced today that the company has received opening orders from three major market spa product distributors. The Midwest-based distributors have placed initial stocking orders for the EcoOneT Spa Pre-Filter, scheduled for delivery in mid-March. Together, these distributors offer a wide range of spa products for more than 200 retail outlets, vastly expanding the EcoOne presence in the marketplace.
The Bull Market Report
The Bull Market Report Provides Analysis of Industrials and Consumer Staples and Examines Goodyear Tire, Pentair, Altria and Procter & Gamble
PRINCETON, N.J., March 3, 2005 (PRIMEZONE) -- The Bull Market Report (http://www.bullmarket.com), a long-term growth and income-generating focused investment newsletter, announced today that it has provided to trial and paid subscribers analysis of industrial and consumer staple stocks, including coverage of Goodyear Tire (NYSE:GT), Pentair (NYSE:PNR), Altria (NYSE:MO) and Procter & Gamble (NYSE:PG).