PETROMANAS ENERGY INC., MANAS PETROLEUM (MNAP.OB) BEING ITS LARGEST SHAREHOLDER, ANNOUNCES RESULTS OF AGM AND GEOPHYSICAL & GEOLOGICAL RESOURCE ASSESSMENT UPDATE
CALGARY, Aug. 27, 2010 -- Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) announces that at its Annual General Meeting held on August 24, 2010, the management slate of Verne Johnson, Jeffrey Scott, Gerard Protti, Michael Velletta, Peter-Mark Vogel, Heinz Scholz and Gordon Keep were elected as directors. BDO Canada LLP, Chartered Accountants, were appointed as auditors of Petromanas. Shareholders also re-approved Petromanas' rolling 10% stock option plan.
Petromanas has granted Mr. Keep options to purchase an aggregate of 1,750,000 shares at an exercise price of $0.40 per share expiring August 24, 2020.
The financial statements of Petromanas for the six months ended June 30, 2010 have been filed on SEDAR and are available by clicking on Petromanas' profile at www.sedar.com.
Petromanas continues on schedule with exploration analysis and work directed towards commencing drilling operations in 2011. Seismic acquisition is underway, geophysical and geological analysis ("G&G") is advancing, drill planning has begun, and the new executive team of Glenn McNamara, CEO, Bill Cummins, CFO, and Hamid Mozayani, COO, all world class industry executives with extensive oil and gas experience, have been recruited.
The planned seismic program will shoot 245 km of 2D seismic at a cost of $15 million on Blocks E, 2 and 3 and is expected to be completed by early 4th quarter of 2010. Interpretation will be undertaken through year end to incorporate this new data with the previous seismic data and the other geological data which the Company acquired with the block licences.
Exploration analysis is proceeding, led by the Company's international experts headed by Mark Cooper, Senior Exploration Advisor and the team in Albania. The focus of the G&G work is to precisely define drilling prospects and prepare the exploration risk assessment of each prospect. This will refine the resource estimates from the unrisked estimates in the report by Gustavson Associates LLC ("Gustavson") to risked prospect resource estimates on which drilling decisions can be made and which will also be the basis of the Company's future farmout strategy.
In conjunction with the G&G work, the Company is re-evaluating the unrisked resource assessment which was prepared on December 15, 2009 by Gustavson on the basis of the seismic, geology and limited well data which was available at the time. In the normal course of the current G&G work, the risked resource potential will also be evaluated and, as a result of incorporating risk assessments and new data, will be lower than the unrisked resource potential numbers which were presented in the Gustavson report. It is anticipated that the G&G analysis will be concluded through year end as the new seismic data becomes available; the risked resource estimates cannot be finalized until all of this work is completed. It is anticipated that an updated independent resource evaluation report will be prepared at that time. Further updates to resource estimates are expected to be prepared as the Company acquires new data from seismic programs and drilling operations.
The geological work which has been conducted by the team to date has further confirmed the significant potential of the Petromanas acreage and the exploration prospectivity of both the shallow and deep prospects. Once Petromanas has the necessary data, it is anticipated that some of the deep target plays will be farmed out to industry partners.
The Company remains on schedule for the planned completion of the seismic program in 2010 leading to a drilling campaign in 2011. Petromanas is confident the new management team is well qualified to advance the exploration activities of the six blocks in Albania.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Tuesday, August 31, 2010
Friday, August 27, 2010
PETROMANAS ENERGY INC. ANNOUNCES RESULTS OF AGM AND GEOPHYSICAL & GEOLOGICAL RESOURCE ASSESSMENT UPDATE
PETROMANAS ENERGY INC., MANAS PETROLEUM (MNAP.OB) BEING ITS LARGEST SHAREHOLDER, ANNOUNCES RESULTS OF AGM AND GEOPHYSICAL & GEOLOGICAL RESOURCE ASSESSMENT UPDATE
August 27, 2010 - CALGARY, ALBERTA
Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) announces that at its Annual General Meeting held on August 24, 2010, the management slate of Verne Johnson, Jeffrey Scott, Gerard Protti, Michael Velletta, Peter-Mark Vogel, Heinz Scholz and Gordon Keep were elected as directors. BDO Canada LLP, Chartered Accountants, were appointed as auditors of Petromanas. Shareholders also re-approved Petromanas' rolling 10% stock option plan.
Petromanas has granted Mr. Keep options to purchase an aggregate of 1,750,000 shares at an exercise price of $0.40 per share expiring August 24, 2020.
The financial statements of Petromanas for the six months ended June 30, 2010 have been filed on SEDAR and are available by clicking on Petromanas' profile at www.sedar.com.
Petromanas continues on schedule with exploration analysis and work directed towards commencing drilling operations in 2011. Seismic acquisition is underway, geophysical and geological analysis ("G&G") is advancing, drill planning has begun, and the new executive team of Glenn McNamara, CEO, Bill Cummins, CFO, and Hamid Mozayani, COO, all world class industry executives with extensive oil and gas experience, has been recruited.
The planned seismic program will shoot 245 km of 2D seismic at a cost of $15 million on Blocks E, 2 and 3 and is expected to be completed by early 4th quarter of 2010. Interpretation will be undertaken through year end to incorporate this new data with the previous seismic data and the other geological data which the Company acquired with the block licences.
Exploration analysis is proceeding, led by the Company's international experts headed by Mark Cooper, Senior Exploration Advisor and the team in Albania. The focus of the G&G work is to precisely define drilling prospects and prepare the exploration risk assessment of each prospect. This will refine the resource estimates from the unrisked estimates in the report by Gustavson Associates LLC ("Gustavson") to risked prospect resource estimates on which drilling decisions can be made and which will also be the basis of the Company's future farmout strategy.
In conjunction with the G&G work, the Company is re-evaluating the unrisked resource assessment which was prepared on December 15, 2009 by Gustavson on the basis of the seismic, geology and limited well data which was available at the time. . In the normal course of the current G&G work, the risked resource potential will also be evaluated and, as a result of incorporating risk assessments and new data, will be lower than the unrisked resource potential numbers which were presented in the Gustavson report. It is anticipated that the G&G analysis will be concluded through year end as the new seismic data becomes available; the risked resource estimates cannot be finalized until all of this work is completed. It is anticipated that an updated independent resource evaluation report will be prepared at that time. Further updates to resource estimates are expected to be prepared as the Company acquires new data from seismic programs and drilling operations.
The geological work which has been conducted by the team to date has further confirmed the significant potential of the Petromanas acreage and the exploration prospectivity of both the shallow and deep prospects. Once Petromanas has the necessary data, it is anticipated that some of the deep target plays will be farmed out to industry partners.
The Company remains on schedule for the planned completion of the seismic program in 2010 leading to a drilling campaign in 2011. Petromanas is confident the new management team is well qualified to advance the exploration activities of the six blocks in Albania.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
August 27, 2010 - CALGARY, ALBERTA
Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) announces that at its Annual General Meeting held on August 24, 2010, the management slate of Verne Johnson, Jeffrey Scott, Gerard Protti, Michael Velletta, Peter-Mark Vogel, Heinz Scholz and Gordon Keep were elected as directors. BDO Canada LLP, Chartered Accountants, were appointed as auditors of Petromanas. Shareholders also re-approved Petromanas' rolling 10% stock option plan.
Petromanas has granted Mr. Keep options to purchase an aggregate of 1,750,000 shares at an exercise price of $0.40 per share expiring August 24, 2020.
The financial statements of Petromanas for the six months ended June 30, 2010 have been filed on SEDAR and are available by clicking on Petromanas' profile at www.sedar.com.
Petromanas continues on schedule with exploration analysis and work directed towards commencing drilling operations in 2011. Seismic acquisition is underway, geophysical and geological analysis ("G&G") is advancing, drill planning has begun, and the new executive team of Glenn McNamara, CEO, Bill Cummins, CFO, and Hamid Mozayani, COO, all world class industry executives with extensive oil and gas experience, has been recruited.
The planned seismic program will shoot 245 km of 2D seismic at a cost of $15 million on Blocks E, 2 and 3 and is expected to be completed by early 4th quarter of 2010. Interpretation will be undertaken through year end to incorporate this new data with the previous seismic data and the other geological data which the Company acquired with the block licences.
Exploration analysis is proceeding, led by the Company's international experts headed by Mark Cooper, Senior Exploration Advisor and the team in Albania. The focus of the G&G work is to precisely define drilling prospects and prepare the exploration risk assessment of each prospect. This will refine the resource estimates from the unrisked estimates in the report by Gustavson Associates LLC ("Gustavson") to risked prospect resource estimates on which drilling decisions can be made and which will also be the basis of the Company's future farmout strategy.
In conjunction with the G&G work, the Company is re-evaluating the unrisked resource assessment which was prepared on December 15, 2009 by Gustavson on the basis of the seismic, geology and limited well data which was available at the time. . In the normal course of the current G&G work, the risked resource potential will also be evaluated and, as a result of incorporating risk assessments and new data, will be lower than the unrisked resource potential numbers which were presented in the Gustavson report. It is anticipated that the G&G analysis will be concluded through year end as the new seismic data becomes available; the risked resource estimates cannot be finalized until all of this work is completed. It is anticipated that an updated independent resource evaluation report will be prepared at that time. Further updates to resource estimates are expected to be prepared as the Company acquires new data from seismic programs and drilling operations.
The geological work which has been conducted by the team to date has further confirmed the significant potential of the Petromanas acreage and the exploration prospectivity of both the shallow and deep prospects. Once Petromanas has the necessary data, it is anticipated that some of the deep target plays will be farmed out to industry partners.
The Company remains on schedule for the planned completion of the seismic program in 2010 leading to a drilling campaign in 2011. Petromanas is confident the new management team is well qualified to advance the exploration activities of the six blocks in Albania.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Thursday, August 26, 2010
Santa Fe Gold Supplies Trial Shipment of Siliceous Flux to Arizona Smelter for Precious Metals Recovery
ALBUQUERQUE, N.M., Aug 26, 2010 -- Santa Fe Gold Corporation (OTCBB:SFEG) is pleased to announce it has contracted with ASARCO LLC ("Asarco") to supply a trial shipment of 1,000 tons of siliceous flux material to Asarco's Hayden smelter in Hayden, Arizona. The flux material will be processed for precious metals recovery. Santa Fe will be paid for the contained silver and gold less customary charges. The siliceous flux constitutes a beneficiated product of ore from the Summit mine upgraded in silica and precious metals contents through crushing and screening.
"This initial trial of siliceous flux to Asarco's Hayden smelter, together with a similar trial conducted earlier this year with Freeport-McMoRan Miami's smelter, is expected to lead to long term contracts," said Pierce Carson, President and Chief Executive Officer. "Flux sales potentially could be quite significant to Santa Fe and could account for a substantial portion of ore mined at Summit.
"Smelter flux sales add another dimension to our options for processing of Summit ore and to our strategy of expanding our production profile in the Lordsburg area. Ore sold as smelter flux does not have to be milled and therefore frees additional capacity at our Lordsburg mill."
Santa Fe's Lordsburg mill is producing a high value gold and silver concentrate. The company has been in negotiations with smelters for sale of the concentrate and expects to begin shipments shortly. The company plans to ramp up production from the Summit mine to 120,000 tons per annum over the next two quarters. At full production, revenues are projected to exceed $25 million annually, assuming metal prices of $1000 per ounce for gold and $16.67 per ounce for silver. Operating costs are projected to be less than $350 per ounce of gold equivalent produced.
About Santa Fe Gold:
Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico; (ii) a substantial land position at the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Ortiz gold property in north-central New Mexico, estimated to contain two million ounces of gold; (iv) the Black Canyon mica mine and processing facility near Phoenix, Arizona; and (v) a large resource of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
"This initial trial of siliceous flux to Asarco's Hayden smelter, together with a similar trial conducted earlier this year with Freeport-McMoRan Miami's smelter, is expected to lead to long term contracts," said Pierce Carson, President and Chief Executive Officer. "Flux sales potentially could be quite significant to Santa Fe and could account for a substantial portion of ore mined at Summit.
"Smelter flux sales add another dimension to our options for processing of Summit ore and to our strategy of expanding our production profile in the Lordsburg area. Ore sold as smelter flux does not have to be milled and therefore frees additional capacity at our Lordsburg mill."
Santa Fe's Lordsburg mill is producing a high value gold and silver concentrate. The company has been in negotiations with smelters for sale of the concentrate and expects to begin shipments shortly. The company plans to ramp up production from the Summit mine to 120,000 tons per annum over the next two quarters. At full production, revenues are projected to exceed $25 million annually, assuming metal prices of $1000 per ounce for gold and $16.67 per ounce for silver. Operating costs are projected to be less than $350 per ounce of gold equivalent produced.
About Santa Fe Gold:
Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico; (ii) a substantial land position at the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Ortiz gold property in north-central New Mexico, estimated to contain two million ounces of gold; (iv) the Black Canyon mica mine and processing facility near Phoenix, Arizona; and (v) a large resource of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Friday, August 20, 2010
More Good News for Houston American Energy Corp
This Transaction Will Net Houston American Energy Over $30 Million After Deduction of Commissions and Transaction Expenses (NYSE Amex:HUSA)
On August 18, 2010, Hupecol Dorotea & Cabiona Holdings, LLC (“Hupecol D&C Holdings”) and Hupecol Llanos Holdings, LLC (“Hupecol Llanos Holdings”) executed definitive Purchase and Sale Agreements that provide for the sale to an undisclosed buyer, of Hupecol Dorotea and Cabiona, LLC (“HDC, LLC”) and Hupecol Llanos, LLC (“HL, LLC”), which companies hold interests in the Dorotea, Cabiona, Leona and Las Garzas blocks and related assets in Colombia. The Purchase and Sale Agreement, entered into by Hupecol D&C Holdings as the sole owner of HDC, LLC, which in turn owns the Dorotea and Cabiona blocks, and effective as of June 1, 2010, provides for a sales price for HDC, LLC of $200 million, subject to certain closing adjustments based on operations between the effective date and the closing date. Pursuant to its investment in Hupecol D&C Holdings, Houston American Energy (“Houston American”) holds an indirect 12.5% interest in HDC, LLC and the underlying Dorotea and Cabiona blocks and will receive its proportionate interest in the net sale proceeds after deduction of commissions and transaction expenses. Following completion of the sale of HDC, LLC, Houston American will have no continuing interest in the Dorotea and Cabiona blocks.
The Purchase and Sale Agreement, entered into by Hupecol Llanos Holdings as the sole owner of HL, LLC, which in turn owns the Leona and Las Garzas blocks, and effective as of June 1, 2010, provides for a sales price for HL, LLC of $81 million, subject to certain closing adjustments based on operations between the effective date and the closing date. Pursuant to its investment in Hupecol Llanos Holdings, Houston American holds an indirect 12.5% interest in HL, LLC and the underlying Leona and Las Garzas blocks and will receive its proportionate interest in the net sale proceeds after deduction of commissions and transaction expenses. Following completion of the sale of HL, LLC, Houston American will have no continuing interest in the Leona and Las Garzas blocks.
Both Purchase and Sale Agreements provide that a portion of the purchase price will be escrowed to fund potential claims arising under the Purchase and Sale Agreements. Escrowed amounts are to be released over a three year period based on amounts remaining in escrow after claims.
Completion of the sale of HDC, LLC and HL, LLC is subject to satisfaction of various conditions set out in the Purchase and Sale Agreements, including the granting of all consents and approvals of the Colombian and other governmental authorities required for the transfer to the purchaser.
About Houston American Energy Corp.
Based in Houston, Texas, Houston American Energy Corp. is an independent energy company with interests in oil and natural gas wells and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on Colombia, Texas and Louisiana. Additional information can be accessed by reviewing our periodic reports filed with the Securities and Exchange Commission which can be found on our website at www.houstonamericanenergy.com.
For additional information, view the company's website at www.houstonamericanenergy.com
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
On August 18, 2010, Hupecol Dorotea & Cabiona Holdings, LLC (“Hupecol D&C Holdings”) and Hupecol Llanos Holdings, LLC (“Hupecol Llanos Holdings”) executed definitive Purchase and Sale Agreements that provide for the sale to an undisclosed buyer, of Hupecol Dorotea and Cabiona, LLC (“HDC, LLC”) and Hupecol Llanos, LLC (“HL, LLC”), which companies hold interests in the Dorotea, Cabiona, Leona and Las Garzas blocks and related assets in Colombia. The Purchase and Sale Agreement, entered into by Hupecol D&C Holdings as the sole owner of HDC, LLC, which in turn owns the Dorotea and Cabiona blocks, and effective as of June 1, 2010, provides for a sales price for HDC, LLC of $200 million, subject to certain closing adjustments based on operations between the effective date and the closing date. Pursuant to its investment in Hupecol D&C Holdings, Houston American Energy (“Houston American”) holds an indirect 12.5% interest in HDC, LLC and the underlying Dorotea and Cabiona blocks and will receive its proportionate interest in the net sale proceeds after deduction of commissions and transaction expenses. Following completion of the sale of HDC, LLC, Houston American will have no continuing interest in the Dorotea and Cabiona blocks.
The Purchase and Sale Agreement, entered into by Hupecol Llanos Holdings as the sole owner of HL, LLC, which in turn owns the Leona and Las Garzas blocks, and effective as of June 1, 2010, provides for a sales price for HL, LLC of $81 million, subject to certain closing adjustments based on operations between the effective date and the closing date. Pursuant to its investment in Hupecol Llanos Holdings, Houston American holds an indirect 12.5% interest in HL, LLC and the underlying Leona and Las Garzas blocks and will receive its proportionate interest in the net sale proceeds after deduction of commissions and transaction expenses. Following completion of the sale of HL, LLC, Houston American will have no continuing interest in the Leona and Las Garzas blocks.
Both Purchase and Sale Agreements provide that a portion of the purchase price will be escrowed to fund potential claims arising under the Purchase and Sale Agreements. Escrowed amounts are to be released over a three year period based on amounts remaining in escrow after claims.
Completion of the sale of HDC, LLC and HL, LLC is subject to satisfaction of various conditions set out in the Purchase and Sale Agreements, including the granting of all consents and approvals of the Colombian and other governmental authorities required for the transfer to the purchaser.
About Houston American Energy Corp.
Based in Houston, Texas, Houston American Energy Corp. is an independent energy company with interests in oil and natural gas wells and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on Colombia, Texas and Louisiana. Additional information can be accessed by reviewing our periodic reports filed with the Securities and Exchange Commission which can be found on our website at www.houstonamericanenergy.com.
For additional information, view the company's website at www.houstonamericanenergy.com
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
Thursday, August 19, 2010
Nutra Pharma Begins Drug Registration Process in India for Nyloxin - a Treatment for Moderate to Severe Chronic Pain
August 19, 2010
Nutra Pharma (OTCBB:NPHC) has begun the drug registration process in India for its Nyloxin line of pain relievers; the Company is also seeking a relationship with an India-based pharmaceutical company to support the launch, marketing and sales of Nyloxin throughout India.
Nutra Pharma Corporation, a biotechnology company that is developing treatments for Adrenomyeloneuropathy (AMN), Human Immunodeficiency Virus (HIV), Multiple Sclerosis (MS) and Pain, announced today that it has begun the drug registration process in India for its Nyloxin line of pain relievers.
According to a 1998 study published in the Journal of the American Medical Association (JAMA), it was estimated that 19% of patients evaluated in India suffered from persistent pain. An additional 2007 report from the Journal of Pain and Symptom Management, documented that only 0.4% of India’s population in need of opioids for pain relief had access to them.
“India represents one of the more significant international market opportunities for Nyloxin,” commented Rik J Deitsch, Chairman and CEO of Nutra Pharma Corporation. “With the population of India exceeding a billion people and with limited patient access to opioid-based pain relievers throughout the country, India presents a potentially significant customer base for Nyloxin,” he added.
Nyloxin, which was first introduced in November 2009 as a treatment for moderate to severe, Stage 2, chronic pain, is currently available in the United States as an oral spray for treating back pain, neck aches, headaches, joint pain, migraines, and neuralgia, and as a topical gel for treating joint pain, neck pain, arthritis pain, and pain from repetitive stress. In addition to its everyday strength formulation, Nyloxin is also offered in an extra strength formula for more advanced, Stage 3, chronic pain.
“We are working diligently to complete all of the steps required to finalize this drug registration and move forward with launching Nyloxin in India,” explained David Isserman, Chief Marketing Officer of Nutra Pharma Corporation. “Concurrently, we are seeking a relationship with a qualified India-based distributor that can offer both the financial resources and the local distribution and marketing knowledge required to successfully launch and support sales of Nyloxin throughout the country,” he concluded.
About Nutra Pharma Corp.
Nutra Pharma Corporation (OTCBB:NPHC) (the "Company") operates as a biotechnology company specializing in the acquisition, licensing, and commercialization of pharmaceutical products and technologies for the management of neurological disorders, cancer, autoimmune, and infectious diseases. The Company, through its subsidiaries, carries out basic drug discovery research and clinical development, and also seeks strategic licensing partnerships to reduce the risks associated with the drug development process. Nutra Pharma's wholly-owned drug discovery subsidiary, ReceptoPharm, is developing proprietary therapeutic protein products primarily for the prevention and treatment of viral and neurological diseases, including Multiple Sclerosis (MS), Adrenomyeloneuropathy (AMN), Human Immunodeficiency Virus (HIV), and pain in humans. Additionally, ReceptoPharm provides contract research services through its ISO class 5 and GMP certified facilities. The Company's wholly-owned medical devices subsidiary, Designer Diagnostics, engages in the research and development of diagnostic test kits designed to be used for the rapid identification of infectious diseases, such as Nontuberculous Mycobacteria (NTM). Nutra Pharma continues to identify intellectual property and companies in the biotechnology arena that it investigates about possibly acquiring or establish strategic partnerships with.
www.undiscoveredequities.net
www.nutrapharma.com
www.Cobroxin.com
Undiscovered Equities is currently offering a complimentary trial subscription.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
Nutra Pharma (OTCBB:NPHC) has begun the drug registration process in India for its Nyloxin line of pain relievers; the Company is also seeking a relationship with an India-based pharmaceutical company to support the launch, marketing and sales of Nyloxin throughout India.
Nutra Pharma Corporation, a biotechnology company that is developing treatments for Adrenomyeloneuropathy (AMN), Human Immunodeficiency Virus (HIV), Multiple Sclerosis (MS) and Pain, announced today that it has begun the drug registration process in India for its Nyloxin line of pain relievers.
According to a 1998 study published in the Journal of the American Medical Association (JAMA), it was estimated that 19% of patients evaluated in India suffered from persistent pain. An additional 2007 report from the Journal of Pain and Symptom Management, documented that only 0.4% of India’s population in need of opioids for pain relief had access to them.
“India represents one of the more significant international market opportunities for Nyloxin,” commented Rik J Deitsch, Chairman and CEO of Nutra Pharma Corporation. “With the population of India exceeding a billion people and with limited patient access to opioid-based pain relievers throughout the country, India presents a potentially significant customer base for Nyloxin,” he added.
Nyloxin, which was first introduced in November 2009 as a treatment for moderate to severe, Stage 2, chronic pain, is currently available in the United States as an oral spray for treating back pain, neck aches, headaches, joint pain, migraines, and neuralgia, and as a topical gel for treating joint pain, neck pain, arthritis pain, and pain from repetitive stress. In addition to its everyday strength formulation, Nyloxin is also offered in an extra strength formula for more advanced, Stage 3, chronic pain.
“We are working diligently to complete all of the steps required to finalize this drug registration and move forward with launching Nyloxin in India,” explained David Isserman, Chief Marketing Officer of Nutra Pharma Corporation. “Concurrently, we are seeking a relationship with a qualified India-based distributor that can offer both the financial resources and the local distribution and marketing knowledge required to successfully launch and support sales of Nyloxin throughout the country,” he concluded.
About Nutra Pharma Corp.
Nutra Pharma Corporation (OTCBB:NPHC) (the "Company") operates as a biotechnology company specializing in the acquisition, licensing, and commercialization of pharmaceutical products and technologies for the management of neurological disorders, cancer, autoimmune, and infectious diseases. The Company, through its subsidiaries, carries out basic drug discovery research and clinical development, and also seeks strategic licensing partnerships to reduce the risks associated with the drug development process. Nutra Pharma's wholly-owned drug discovery subsidiary, ReceptoPharm, is developing proprietary therapeutic protein products primarily for the prevention and treatment of viral and neurological diseases, including Multiple Sclerosis (MS), Adrenomyeloneuropathy (AMN), Human Immunodeficiency Virus (HIV), and pain in humans. Additionally, ReceptoPharm provides contract research services through its ISO class 5 and GMP certified facilities. The Company's wholly-owned medical devices subsidiary, Designer Diagnostics, engages in the research and development of diagnostic test kits designed to be used for the rapid identification of infectious diseases, such as Nontuberculous Mycobacteria (NTM). Nutra Pharma continues to identify intellectual property and companies in the biotechnology arena that it investigates about possibly acquiring or establish strategic partnerships with.
www.undiscoveredequities.net
www.nutrapharma.com
www.Cobroxin.com
Undiscovered Equities is currently offering a complimentary trial subscription.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
Success of Two Month Pilot Program with Carolina Soya Paves the Way for CTI’s First Commercial Deployment
Los Angeles, CA: August 19th, 2010: Cavitation Technologies, Inc. (CTI) (OTCBB: CVAT & Berlin/Stuttgart: WTC) is pleased to announce that its Green D Plus Nano Refining System is now in commercial operation at Carolina Soya, LLC, a vegetable oil refining facility located in South Carolina. The System is designed for use in refining and processing vegetable oils into edible consumer food products and for other liquid applications and processes.
After recently completing a pilot test spanning over two months of continuous operation, CTI’s system has been fully integrated into the Carolina Soya facility and is being operated under an equipment leasing arrangement developed with CTI.
Commenting on the CTI system, Paul E. Hankey, Jr. General Manager of Carolina Soya recently stated “The operation of the Green D Plus Nano Refining System has been straightforward and simple . . . and will continue to be a significant processing improvement for our refinery.”
On January 20, 2010, CTI announced that it had entered into a worldwide licensing and distribution agreement for its Green D Plus System with Desmet Ballestra, a worldwide leader in the design and delivery of advanced processing systems for vegetable (edible) oil extraction and refining facilities throughout the world. The CTI System being operated at Carolina Soya is the first commercial deployment of CTI's technology in the vegetable oil industry.
Tim Kemper, CEO of Desmet Ballestra North America, added, “I think this technology really has the potential to be the biggest improvement that the refining industry has seen in decades.”
About Cavitation Technologies
Cavitation Technologies, Inc. (CTI); (OTCBB: CVAT); is a "Green-Tech" company, established in 2006 to become a world leader in the development of new cutting edge technologies for the vegetable oil refining, renewable fuel, petroleum, water treatment, wastewater sanitation, food and beverage, and chemical industries. For additional information please visit: www.cavitationtechnologies.com
Undiscovered Equities is currently offering a complimentary trial subscription.
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Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
After recently completing a pilot test spanning over two months of continuous operation, CTI’s system has been fully integrated into the Carolina Soya facility and is being operated under an equipment leasing arrangement developed with CTI.
Commenting on the CTI system, Paul E. Hankey, Jr. General Manager of Carolina Soya recently stated “The operation of the Green D Plus Nano Refining System has been straightforward and simple . . . and will continue to be a significant processing improvement for our refinery.”
On January 20, 2010, CTI announced that it had entered into a worldwide licensing and distribution agreement for its Green D Plus System with Desmet Ballestra, a worldwide leader in the design and delivery of advanced processing systems for vegetable (edible) oil extraction and refining facilities throughout the world. The CTI System being operated at Carolina Soya is the first commercial deployment of CTI's technology in the vegetable oil industry.
Tim Kemper, CEO of Desmet Ballestra North America, added, “I think this technology really has the potential to be the biggest improvement that the refining industry has seen in decades.”
About Cavitation Technologies
Cavitation Technologies, Inc. (CTI); (OTCBB: CVAT); is a "Green-Tech" company, established in 2006 to become a world leader in the development of new cutting edge technologies for the vegetable oil refining, renewable fuel, petroleum, water treatment, wastewater sanitation, food and beverage, and chemical industries. For additional information please visit: www.cavitationtechnologies.com
Undiscovered Equities is currently offering a complimentary trial subscription.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
Tuesday, August 17, 2010
Petromanas, Manas (MNAP) being its largest shareholder, Announces Appointment of Chief Executive Officer
CALGARY, ALBERTA - August 17, 2010
Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) announces that it has appointed Mr. Glenn A. McNamara as Chief Executive Officer effective September 2010.
Mr. McNamara has over 30 years of oil and gas exploration and production experience in Canada, the USA, South America, and the Asia Pacific region. He received his MBA from the University of Calgary in 1988, and a B.Sc. in Mining Engineering from the University of Alberta in 1976. Mr. McNamara is a Member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta and past Governor of the Canadian Association of Petroleum Producers. From August 2005 to August 2010, he was the President of BG Canada and responsible for all aspects of BG Canada's business, including developing a growth strategy for western/northern Canada as well as Alaska. Prior to that he held several senior executive positions with Exxon Mobil/Imperial Oil Resources, Exxon Mobil Canada Energy Ltd. and Mobil Oil Canada.
Mr. Verne Johnson, Chairman comments "We are pleased that we have found Glenn McNamara, a world class industry executive, who has an exceptional track record in both international and domestic exploration and production. The addition of Mr. McNamara completes the assembly of a world class management team for Petromanas."
Mr. Johnson who has been acting as Interim Chief Executive Officer, will resign this position upon Mr. McNamara's appointment. Mr. Johnson remains the Chairman and a director of the Company.
Mr. McNamara joins Hamid Mozayani, COO and Bill Cummins, CFO who have been previously announced, to complete the senior executive team of the Company. Mark Cooper, Senior Exploration Advisor also announced previously, continues to apply his expertise in sub thrust exploration. They will lead the Company's strategy forward to realize on the remarkable exploration potential which has been assembled in Albania. The headquarters for the Company will be relocated to Calgary, Alberta.
Petromanas granted Mr. McNamara options to purchase an aggregate of 3,000,000 shares at an exercise price of $0.40 per share for a period of ten years from the date of grant with vesting terms over a 3 year period.
Petromanas is confident the new management team is well qualified to advance the exploration activities of the six blocks in Albania. Petromanas is currently acquiring seismic data on its blocks in Albania prior to finalizing a drill program.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential.
Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs,
Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) announces that it has appointed Mr. Glenn A. McNamara as Chief Executive Officer effective September 2010.
Mr. McNamara has over 30 years of oil and gas exploration and production experience in Canada, the USA, South America, and the Asia Pacific region. He received his MBA from the University of Calgary in 1988, and a B.Sc. in Mining Engineering from the University of Alberta in 1976. Mr. McNamara is a Member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta and past Governor of the Canadian Association of Petroleum Producers. From August 2005 to August 2010, he was the President of BG Canada and responsible for all aspects of BG Canada's business, including developing a growth strategy for western/northern Canada as well as Alaska. Prior to that he held several senior executive positions with Exxon Mobil/Imperial Oil Resources, Exxon Mobil Canada Energy Ltd. and Mobil Oil Canada.
Mr. Verne Johnson, Chairman comments "We are pleased that we have found Glenn McNamara, a world class industry executive, who has an exceptional track record in both international and domestic exploration and production. The addition of Mr. McNamara completes the assembly of a world class management team for Petromanas."
Mr. Johnson who has been acting as Interim Chief Executive Officer, will resign this position upon Mr. McNamara's appointment. Mr. Johnson remains the Chairman and a director of the Company.
Mr. McNamara joins Hamid Mozayani, COO and Bill Cummins, CFO who have been previously announced, to complete the senior executive team of the Company. Mark Cooper, Senior Exploration Advisor also announced previously, continues to apply his expertise in sub thrust exploration. They will lead the Company's strategy forward to realize on the remarkable exploration potential which has been assembled in Albania. The headquarters for the Company will be relocated to Calgary, Alberta.
Petromanas granted Mr. McNamara options to purchase an aggregate of 3,000,000 shares at an exercise price of $0.40 per share for a period of ten years from the date of grant with vesting terms over a 3 year period.
Petromanas is confident the new management team is well qualified to advance the exploration activities of the six blocks in Albania. Petromanas is currently acquiring seismic data on its blocks in Albania prior to finalizing a drill program.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential.
Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs,
Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
www.undiscoveredequities.com
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