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(OTCBB: IMCI - Infinite Group, Inc.)
Mississippi Department of Information Technology Services Awards Microsoft Stimulus360 Contract to Infinite Group
PITTSFORD, N.Y., Oct 26, 2009 -- Infinite Group, Inc. (OTCBB: IMCI) today announced that the Mississippi Department of Information Technology Services (ITS) has awarded the company a contract to provide installation, configuration, implementation and training services for Microsoft Stimulus360. Stimulus360 is the Microsoft solution that helps public sector agencies track, measure, and share information about federal stimulus programs.
Working with subcontractor partner Information Strategies, Inc., Infinite Group will deliver an enterprise virtual-hosted environment for the Mississippi Department of Finance and Administration (DFA), who will use Stimulus360 to comply with a number of requirements for receiving and dispersing funding received via the American Recovery and Reinvestment Act (ARRA) enacted by Congress on February 17, 2009. Per Mississippi ITS Request for Proposal (RFP) No. 3604, the project will start up in late 2009 and run for one year.
"Stimulus360 is a meaningful way for state agencies to make the most of the American Recovery and Reinvestment Act," said Jim Frost, IGI's Chief Technology Officer. "We are thrilled to be working with the State of Mississippi on this strategic initiative -- to help ensure a positive impact for stimulus funds and contribute to America's economic recovery."
About Stimulus360
The Microsoft Stimulus360 solution can help organizations that allocate and receive ARRA funds to monitor progress, submit reports, and provide intuitive views of the data for different audiences as they work to accomplish their ARRA goals. Stimulus360 enables the rapid allocation of funds to stimulate new jobs, the ability to track and manage incoming funds from various federal agencies, and empowers users to thoroughly assess, manage, and report on the progress of funded projects. The solution also supports key performance indicators (KPIs) and other government-backed performance metrics, automated workflow, and comprehensive analysis across consolidated data sources.
About Infinite Group, Inc.
Infinite Group, Inc., (IGI) is a world-class IT services and solutions provider serving a range of government and commercial organizations.
Headquartered in Pittsford, New York with regional operations offices, IGI is focused on the following, interconnected practice areas: IT Infrastructure Services, Virtualization and Consolidation, Cloud Computing, Project and Program Management, and Business and Technology Integration. IGI is dedicated to the alignment of business and technology initiatives, and the delivery of superior results. Infinite Group is publicly traded under the symbol IMCI.OB, and more information about the company is available at www.IGIus.com.
This news release may include statements that may constitute "forward-looking statements," including estimates of future business prospects or financial results, as to which there is no assurance. Any forward-looking statements herein are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There are many factors that could cause actual results of Infinite Group, Inc. (IGI) to differ materially from forward-looking statements. Please refer to a discussion of these factors in the Company's Annual Reports on Form 10- KSB, Quarterly Reports on Forms 10-QSB and other Securities and Exchange Commission filings, which are incorporated herein by reference. IGI disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Infinite Group, Inc.
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(OTCBB: GNPG - Green Planet Group, Inc.)
Green Planet Group Inc reports 3,000% hike in revenues
Oct 27, 2009 -- Environmentally safe products company Green Planet Group Inc (OTCBB:GNPG) declared on Monday that the company's second quarter revenues rose to USD16.23m during the second quarter of this year. A This reflects an increase of 3000% from the revenues generated in the comparable period of last year.
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(OTCBB: UNCO - Unico, Inc.)
LATEST NEWS!!
Unico, Inc. Announces Approval for Construction of New Tailings Pond at the Deer Trail Mine
SAN DIEGO, CA, Oct 27, 2009 -- Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today announced that the company's wholly owned Deer Trail Mining Company subsidiary has received an approval for the construction of a new tailings impoundment at the Deer Trail Mine in Marysvale, Utah. The new tailings impoundment is expected to allow for full-scale production for up to one year.
In September 2009, Deer Trail Mining Company submitted its application to acquire the necessary permits to construct the new tailings pond with the Utah Department of Environmental Quality and its regulatory agency, the Division of Water Quality, for the construction of the new tailings impoundment. Documentation regarding the planned tailings impoundment is being submitted to the Utah Division of Oil, Gas and Mining for reclamation calculations and approval. Approval for the construction of the new tailing pond was received from the Division of Water Quality several days ago.
The company anticipates construction of the tailings impoundment being completed before the end of the 2009 calendar year and put into use immediately after construction is completed.
"We are pleased to have received approval of the construction permit for the new tailings pond and appreciate the Division of Water Quality processing our application in a timely manner," said Charles Madsen, executive vice president for operations of Unico, Inc. "The new impoundment is necessary for us to keep pace with the planned increase in processing operations at the Deer Trail Mine. We look forward to initiating construction of the new pond and moving our Deer Trail project forward."
Unico, Inc. recently announced an initial agreement with Royal Mines And Minerals Corporation, which utilizes a proprietary technology for the lixiviation of precious metals, to process ore from the Deer Trail Mine. Concentrate and concentrate samples produced at the Deer Trail mill facility has been shipped to Royal Mines' Phoenix facility for the processing of gold and silver content. The purpose of this initiative is to develop the most economical process and achieve the highest possible recovery of precious metals, primarily gold and silver, from material produced at the site.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when newsletters are posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.
About Unico, Inc.
Unico, Inc. (OTCBB: UNCO) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its two mine properties: the Deer Trail Mine and the Silver Bell Mine. Unico and its wholly owned Deer Trail Mining Company subsidiary completed the purchase of the Deer Trail Mine in 2007, and Unico has also announced agreements to acquire over 70 additional mining claims in the area of the Deer Trail Mine including the Clyde and Crown Point mining claims. For more information, please visit www.unicomining.com.
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(PINKSHEET: BEHL - Biocentric Energy Holdings, Inc.)
LATEST NEWS!!
BioCentric Energy Holdings Announces New Corporate Location Including Updated Algae Farm Blueprints
SAN JUAN CAPISTRANO, CA, Oct 26, 2009 -- BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today issued the following updates:
BioCentric Energy Holdings today released the company's newly approved corporate facility and full scale ALGAE farm location.
Dennis Fisher, company President & CEO, today announced the company has received approval from the Huntington Beach, California planning and approval committee to proceed with the 1.5 acre ALGAE farm development along with the company's new corporate headquarters in Huntington Beach, California. Mr. Fisher further announced a photographic site location and authentic "PDA" schematic approved by the Huntington Beach planning committee is available for review on the company's website (www.biocentricenergy.com) under the homepage category:
"BIOCENTRIC ENERGY HUNTINGTON BEACH CONCEPUTIAL PLAN."
Mr. Fisher commented, "We fully anticipate the new facility to be operational by January 2010 and, as shown in the certified schematic, reproducing 7 strains of ALGAE for scientific research and development process to not only enhance the productivity of the company's closed loop patent pending PhotoBioreactor system, but to assist with the enhancement of the 'Lipid' acceleration for growth of ALGAE for alternative fuels and energy supply and, additionally, to assist in the enhancement of accelerated research into the use of ALGAE as a supplemental food source for the 'Human Race' in Third World Countries."
Mr. Fisher further commented, "I would like to reiterate our enthusiasm of working alongside our new 'Teaming' partners in South Carolina, Renewed World Energies, whose experience in the ALGAE field, combined with ours, can only accelerate mutual productivity and growth in these areas."
BioCentric Representative, Lowell Brittain left today for Accra, Ghana to represent BioCentric Energy at the International Bioenergy Market Symposium. While in Ghana, Mr. Brittain will be meeting with several world leaders regarding the "Solutions 28" White Paper synopsis which will be the primary focus of his trip. Dennis Fisher will be announcing publicly the content of "The Solutions 28" papers in the very near future.
Professor Charles Bensinger, creator of the "Alternative Energies Program" at the Santa Fe New Mexico College, arrived at BioCentric's southern California facility last week to receive his automated desktop version of the Algae Pro Photobioreactor built exclusively by BioCentric Energy for his classes. Dennis Fisher stated today, "Professor Bensinger has been on the cutting edge of renewable energy and biomass conversions and we are delighted to be a part of his vision to educate our possible future employees that will implement and maintain our Photobioreactors.
Educational facilities throughout the country are now taking notice and have voiced their desires to me personally to adopt his curriculum.
BioCentric is honored to be part of tomorrow's solutions today through Professor Bensinger's Program."
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(PINKSHEET: KANA - Kana Software, Inc.)
LATEST NEWS!!
KANA Assets and Liabilities to Be Acquired by Accel-KKR
MENLO PARK, CA, Oct 27, 2009 -- KANA Software, Inc. (OTCBB: KANA), a world leader in innovative customer service solutions, today announced that it has entered into a definitive agreement with an affiliate of Accel-KKR, a technology-focused private equity firm, which will buy substantially all of KANA's assets and liabilities for a cash purchase price to KANA of approximately $48.9 million (which represents an enterprise value of $50.1 million), subject to adjustment based on closing net working capital, net indebtedness, transaction expenses and other adjustments described below. The transaction is subject to specified closing conditions. After the transaction is completed, KANA's current operating business, which includes software, services and licensing, will operate as a privately-held company under its current KANA brand. At that time, the OTC Bulletin Board-listed entity will be renamed and will continue to be publicly traded under a new trading symbol with the net cash proceeds from the transaction and more than $400 million of net operating loss (NOLs) carry-forwards.
The Board of Directors of KANA has unanimously approved the asset purchase agreement and has recommended to the company's stockholders that they adopt and approve the agreement. In connection with the execution of the asset purchase agreement, KANA Directors, officers and major shareholders have signed voting agreements with Accel-KKR to vote approximately 22 percent of the company's outstanding shares in favor of the transaction.
"This is a transaction that brings optimal value to our shareholders, our customers and our company," said Michael S. Fields, KANA's Chief Executive Officer. "We intend to focus on completing this transaction promptly."
The KANA Board of Directors issued the following statement: "With the assistance of the company's financial advisor, Pagemill Partners, the company conducted a thorough process and received this proposal from Accel-KKR. After extensive negotiations, careful due diligence and in-depth consultation with our financial advisors, the Board has unanimously concluded that this transaction is in the best interests of our stockholders."
The renamed publicly traded company's strategic plan will be to enhance stockholder value by pursuing opportunities to acquire one or more profitable businesses. The publicly traded company will not compete with the privately held KANA. The public company believes that the current economic and business environment, though challenging, should nevertheless allow it to secure a business platform that provides growth opportunities and can also utilize the NOLs.
In the event that the renamed public company has not invested at least half of the proceeds of the asset sale within six months of closing the asset sale, the company anticipates soliciting the vote of stockholders on a proposal to continue seeking acquisition candidates; and if thisproposal is not approved by stockholders, the company intends to return at least half of its cash to stockholders at that time, through a dividend, issuer tender offer or other distribution. The company's stockholder rights plan, which is triggered if a stockholder acquires more than 4.9 percent of the company's outstanding stock, will remain in effect to protect the company's ability to utilize its NOLs.
"KANA is pleased that a world-class investor like Accel-KKR has such confidence in the software business of this company," continued Mr. Fields. "We believe strongly that Accel-KKR's financial strength and deep domain expertise will be critical to enabling the privately held KANA to extend its current technology leadership to global market leadership in our sector."
Jason Klein, Managing Director at Accel-KKR said, "Accel-KKR is excited about partnering with KANA's management and employees to help the company expand its existing position in the global multi-channel customer service market. We look forward to investing in KANA and helping the company better serve its customers in industries as diverse as retail, technology, telecommunications, health care, insurance, financial services and the public sector."
The proposed transaction is expected to close within 90 days and is subject to agreed-upon closing conditions, including the absence of any material adverse change in the company's business or results of operations prior to closing and the receipt of certain consents from third parties. Further, the transaction is subject to the approval of the asset purchase agreement by holders of a majority of the outstanding shares of the company's common stock. The purchase price to be paid by Accel-KKR is subject to adjustments based on the company's net working capital at closing, its indebtedness (net of its cash), and transaction expenses, and based on other matters. KANA anticipates that, following adjustments that are currently expected, the renamed public company will have cash at closing of between $40 million and $44 million. However, the actual amount could be less, depending on the company's cash, debt and net working capital at closing, and final transaction expenses.
Certain proceeds may be held in escrow following closing, pending resolution of certain specified contingencies.
Pagemill Partners served as financial advisor to the Board and rendered an opinion as to the fairness, from a financial point of view, to the company's stockholders. Fenwick & West LLP is serving as legal counsel to the company. Accel-KKR is advised by Kirkland & Ellis LLP.
Additional Information About the Proposed Transaction and Where You Can Find It
In connection with the proposed transaction, KANA intends to file a proxy statement and other relevant materials with the Securities and Exchange Commission ("SEC"). BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE PROPOSED TRANSACTION, STOCKHOLDERS OF KANA ARE URGED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE, AND THE OTHER RELEVANT MATERIALS FILED BY KANA WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The proxy statement and other relevant materials, and any other documents filed by KANA with the SEC may be obtained free of charge at the SEC's website at www.sec.gov. In addition, stockholders of KANA may obtain free copies of the documents filed with the SEC by contacting KANA. Requests may be made by contacting KANA's Investor Relations at (650) 614-8160 or InvestorRelations@KANA.com. You may also read and copy any reports, statements and other information filed by KANA with the SEC at the SEC public reference room at 100 F Street, NE, Room 1580, Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 or visit the SEC's website for further information on its public reference room.
KANA and its executive officers and directors may be deemed to be participants in the solicitation of proxies from KANA stockholders in favor of the proposed transaction. Certain executive officers and directors of KANA have interests in the transaction that may differ from the interests of stockholders generally, including without limitation acceleration of vesting of stock options, benefits conferred under severance arrangements, and continuation of director and officer insurance and indemnification. These interests will be described in the proxy statement when it becomes available.
About KANA
KANA is a world leader in multi-channel customer service. KANA's integrated solutions allow companies to deliver consistent, managed service across all channels, including email, chat, call centers and Web self-service, so customers have the freedom to choose the service they want, how and when they want it. KANA's clients report double-digit increases in customer satisfaction, while reducing call volumes by an average of 20 percent. KANA's award-winning solutions have been proven in more than 600 companies worldwide, including approximately half of the world's largest 100 companies. For more information, visit www.KANA.com.
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(OTCBB: NXTH - NXT Nutritionals Holdings, Inc.)
NXT Nutritionals SUSTA(TM) Natural Sweetener is Available in 51 King Kullen Supermarkets in Staten Island, NY, as Well as Long Island's Nassau and Suffolk Counties
Nearly 1,200 Groceries in the Northeast Are Now Carrying 50-Packet Boxes of SUSTA(TM)
HOLYOKE, Mass., Oct 26, 2009 -- NXT Nutritionals Holdings, Inc. ("NXT Nutritionals") (OTCBB:NXTH), developer and marketer of SUSTA(TM) Natural Sweetener, the great tasting, all-natural, healthier sweetener, announced today that its SUSTA(TM) Natural Sweetener 50 Packet Boxes can now be found in the 51 King Kullen markets, located in Staten Island as well as Suffolk and Nassau Counties on Long Island.
"Nearly 1,200 supermarkets in the Northeast region are now stocking the 50-packet boxes of SUSTA, the better-tasting, all-natural sweetener consumers have been looking for," said Michael McCarthy, president and CEO, NXT Nutritionals.
King Kullen, Bethpage, LI, is recognized by the Smithsonian Institute and The Food Marketing Institute in Washington, D.C. as America's First Supermarket. The chain also sells NXT Nutritionals' Healthy Dairy(R) Yogurt Smoothies, sweetened with SUSTA. King Kullen purchases Healthy Dairy products through White Rose, Inc., New York City's largest independent wholesaler and distributor, which services to 1,800 food retailers from Maryland to Connecticut, and SUSTA from Bozzuto's, Inc., Cheshire, CT, a leading wholesaler of food and household products to retailers in New England, New York, New Jersey, Pennsylvania, and Maryland.
SUSTA(TM) is targeted at individuals for whom sugar is either not a viable option, or is an undesirable option, such as diabetics, individuals on weight loss programs, and those proactively managing obesity. SUSTA is the only sweetening system in the retail marketplace that is all-natural, low glycemic, contains soluble fiber and probiotics, vitamins C, B6 and B12 and essential minerals, and that helps to maintain healthy blood sugar levels, aids digestion as well as supports the immune system.
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