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Management Services, Inc.
Management Services, Inc. Successfully Completes the Acquisition of Stable Management, Inc.
SOUTH PLAINFIELD, N.J., Jan. 24, 2007 (PRIME NEWSWIRE) -- Management Services, Inc. (Pink Sheets:MGSV) today announced that it has successfully consummated its acquisition of Stable Management, Inc. ("SMI"). SMI, based in Mays Landing, N.J., is involved in the management and operation of Standardbred harness racing stable operations. MGSV acquired 100% of all the issued and outstanding shares of SMI in exchange for restricted shares of MGSV. SMI will operate as wholly owned subsidiaries of MGSV.
Perihelion Global BioFuel Refinery to Benefit From Proposed Mandatory Alternative Fuels Standard Outlined in State of the Union Address by President Bush
OPP, Ala. and SANTA ROSA BEACH, Fla., Jan. 24, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Pink Sheets:PHGI) today announced that in the annual State of the Union address, President George W. Bush proposed a mandatory alternative fuels standard to require 35 Billion gallons of renewable and alternative fuels in annual production by 2017 specifically including BioDiesel. President Bush stated, "For too long our nation has been dependent on foreign oil. And this dependence leaves us more vulnerable to hostile regimes, and to terrorists -- who could cause huge disruptions of oil shipments, raise the price of oil and do great harm to our economy." Adds President Bush, "It is in our vital interest to diversify America's energy supply." "We need to press on with battery research for plug-in and hybrid vehicles, and expand the use of clean diesel vehicles and biodiesel fuel." The proposed fuels standard was part of a larger agenda of asking Congress to help in pursuing 'A Great Goal,' by reducing gasoline usage in the United Stated by 20 percent within the next ten years.