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QUOTEMEDIA INC. (OTCBB: QMCI)
QuoteMedia, Inc. is a leading software developer and provider of real-time streaming financial market information, decision-support, news and research solutions to brokerage, financial services companies, business and media corporations. Among its many leading-edge products lines, the Company offers data feeds, news, dynamic market content solutions, interactive stock research tools, financial applications and real-time wireless applications. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Dow Jones & Company, Forbes.com, Scotia Capital, Business Wire, Southwest Securities, Regal Securities, FBR Direct, Broadridge Financial Solutions, Inc., AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, Automated Financial Systems, WallStreet*E, and others. For more information, visit www.quotemedia.com.
QMCI News:
June 9 - QuoteMedia to Exhibit at SIFMA Technology Management Conference in New York, June 10 - 12
QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data, corporate research information and financial applications, announced that it is scheduled to participate as an exhibitor at the Securities Industry and Financial Markets Association's Technology Management Conference and Exhibit in New York, taking place on June 10th through 12, 2008.
SIFMA's 28th Annual Technology Management Conference & Exhibit is the industry's leading event with over 300 vendors and 7,000 attendees, and it will allow QuoteMedia to present its products and services to the senior executives responsible for managing communications, data processing, market data, information security, trading room support, web and Internet technology, information systems and other related technology activities.
In particular, QuoteMedia will be demonstrating its newly launched QuotestreamTM Professional streaming portfolio management system, together with its QuotestreamTM Wireless companion product, designed for use by financial services professionals. QuotestreamTM Professional offers unparalleled functionality at extremely aggressive pricing at a time when cost reduction, with no reduction in capabilities, is a paramount concern across the industry.
QuoteMedia will also be showcasing QuotestreamTM II for enterprise level deployments to retail customers. QuotestreamTM II is geared towards providing a professional level experience to non-professional users.
Additionally, QuoteMedia will be available to meet with potential clients regarding comprehensive content solutions for intranet and public facing websites and media/web portals.
Finally, sales and technical staff will be on hand to discuss QuoteMedia's broad range of DataFeed solutions for companies looking to power their applications and systems with ultra-low latency streaming quote data and supplementary feeds, or those wishing to replace existing legacy solutions with state-of-the-art data services, while benefiting from significant cost savings.
Paul Pryde, QuoteMedia's Senior Vice President & Regional Director, together with New York Corporate Sales Director George Katsch, and Chief Technology Officer Christian Amott, will be present to meet attendees at Booth #1608.
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GOLDSPRING INCORPORATED (OTCBB: GSPG)
GoldSpring, Inc. is a North American precious metals mining company, focused in Nevada, with extensive, contiguous property in the Comstock Lode District. Our Company was formed in mid-2003, and we acquired two properties in the Comstock Lode before the end of the year. We secured permits, built an infrastructure and brought the exploration project into test mining production within a year of its acquisition. The Company, in 2005, began consolidating the Comstock Lode by acquiring additional properties in the district, expanding our footprint and creating opportunities for exploration and mining. We are an emerging company, looking to build on our success through the acquisition of other mineral properties in the Comstock Lode District with reserves or exploration potential. The Company's objectives are to increase reserves through exploration, expand its footprint in the Comstock, resume mining, optimize its production and maximize shareholder value.
GSPG News:
June 9 - GoldSpring to Provide Special Investor Update on Tuesday, June 10th to Discuss Significant Developments and Preliminary Findings of 43-101 Resource Report on Valuation of Company's Mineral Holdings in Nevada's Comstock Lode Mining District
Company To Hold Conference Call and Webcast at 11 a.m. Eastern Time that Day
GoldSpring, Inc. (OTCBB: GSPG), the largest mineral rights land position in Nevada's Comstock Lode Mining District, announced that it will hold a conference call on Tuesday, June 10th at 11 a.m. eastern time at which time it expects to discuss the preliminary findings of the 43-101 resource report that was conducted by an independent geology firm to determine the value of the mineral rights held by the Company in Nevada's Comstock Lode Mining District.
For the conference call, interested participants should dial 866-214-7077 when calling within the United States or 416-915-9608 when calling internationally along with pass code 8254829. There will be a playback available as well. To listen to the playback, please call 888-203-1112 when calling within the United States or 719-457-0820 when calling internationally. Please use pass code 8254829 for the replay.
The call is also being webcast and can be access at GoldSpring's website at www.goldspring.us.
Pursuant to Regulation FD, the company reports that drill hole #40, which is not included in the preliminary resource report being discussed on Tuesday, encountered 5 feet of ore containing 1.937 ounces of gold per ton. This is the highest grade of ore since the commencement of the drilling program in December 2007.
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GOFISH CORPORATION (OTCBB: GOFH)
GoFish Corporation (www.gofishcorp.com), headquartered in San Francisco with offices in Los Angeles and New York, is a leading entertainment and media company, with a focus on reaching kids, teens and moms, and specializing in aggregating, and distributing premium content on a large network of quality sites for which GoFish is the exclusive brand advertising monetization partner. The GoFish Network of sites reaches nearly 21 million unduplicated online users domestically, and over 66 million worldwide. GoFish has been a pioneer in online content appealing to the hard-to-reach youth market and their parents. It presently ranks as the 3rd largest kids/teens opportunity and a top 5 mom' opportunity for blue-chip advertisers.
GOFH News:
June 9 - GoFish Corporation Names Tribal DDB Worldwide Founder and CEO Matt Freeman as Chief Executive Officer, Board Director
Move Extends GoFish Leadership in Creation of Digital Brand Immersion Network for Major Advertisers GoFish Corporation (OTCBB: GOFH), a leading online media company with nearly 21 million unique users a month domestically and 66 million a month worldwide, named Matt Freeman, former Founder and Chief Executive Officer of Tribal DDB Worldwide, as Chief Executive Officer and a member of the Company's Board of Directors. He succeeds Michael Downing who will leave the company.
"Companies like McDonald's and Nike cannot build their brands through buying search keywords alone," says Mr. Freeman. "As online audiences continue to fragment beyond the portals, major brands still need a way to connect with mass audiences. GoFish offers advertisers meaningful brand engagement, not merely direct response, across an ever-expanding portfolio of digital properties that are at the vanguard of consumers' passions and interests."
"Matt is a seminal figure in the digital marketing and advertising industry. He is an experienced, entrepreneurial chief executive with a proven track record of building businesses in highly competitive domestic and international markets. His broad-based experience includes running industry leading companies from their earliest stages to mature market leadership and delivering exceptionally high levels of revenues and profit," says Tabreez Verjee, President of GoFish. "We are excited to have him take day to day responsibility for GoFish as we expand our well positioned vertical advertising business and establish ourselves as a digital entertainment media company."
Mr. Freeman adds, "Since its successful launch this past February, the immersive experience that GoFish Network uniquely offers has allowed it to grow to nearly 21 million unique users domestically and 66 million unique users worldwide, becoming one of the Big 3' youth brands on the Internet. Even more exciting to me is GoFish's proven ability to expand its Brand Immersion' approach in advertising to Young Adults and Moms demos, underscoring the company's huge potential to provide brand advertisers a premium environment with a highly-engaged audience no matter who the target. This is a company with an exceptionally promising future."
Mr. Freeman helped found Tribal DDB Worldwide in 1998 growing the company from 45 employees and $5 million in annual revenue to over 1,500 employees and $250 million in annual revenue while building a global network of 45 offices spanning 28 countries. He developed broad, global relationships with Fortune 100 clients including PepsiCo, Philips, Johnson & Johnson, McDonald's, Volkswagen, ExxonMobil and Unilever. Mr. Freeman also started and scaled specialized business units in Search (SEM & SEO), Hosting, Database development & Analytics (including proprietary econometric modeling applications), Digital Healthcare Marketing, Gaming, Mobile, iTV and Strategic Consulting.
In January 2006, AdWeek named Tribal DDB Worldwide its Interactive Agency of the Year and in January 2008, Adverting Age awarded it Global Agency Network of the Year. Both publications cited Mr. Freeman's leadership as a critical factor in Tribal's enduring success.
In 1997 and 1998, Mr. Freeman was Executive Creative Director Modem Media / Poppe Tyson (since then acquired by Digitas, Inc.; now a Division of Publicis Group). There, he led efforts on IBM & other key clients and was part of the merger integration team with Modem Media and Poppe Tyson. Before that, he was Partner, Executive Creative Director at Poppe Tyson (formerly a division of True North, now Interpublic Group from 1995 to 1997. Earlier in his career, Mr. Freeman was a writer at MTV working on Beavis & Butthead and MTV Beach House and he was a private school English teacher.
Mr. Freeman, a graduate of Dartmouth College and the NY School of Visual Arts, has been inducted into the American Advertising Federation Hall of Achievement; is the Founder of the Interactive Agency Board of the IAB, is an active Board member of the Advertising Club and the American Association of Advertising Agencies (4As) and is a member of the Marketing Advisory Board of the Modern Museum of Art (MOMA).
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STRIKER OIL & GAS (OTCBB: SOIS)
Striker Oil & Gas, Inc. engages in the exploration, acquisition, development, production, and sale of natural gas, crude oil, and natural gas liquids primarily from conventional reservoirs in the United States. It operates onshore along the Gulf Coast of Texas and Louisiana, as well as East Texas and Mississippi. The company holds interests in the Abbeville field and the West Abbeville prospect located in Vermillion Parish, North Edna field and Welsh Field located in Jefferson Davis Parish, and South Creole Prospect located in Cameron Parish in Louisiana; North Cayuga Prospect in Henderson County and Catfish Creek Prospect in Henderson and Anderson Counties in Texas; and North Sand Hill Field located in Greene County, Mississippi. Striker Oil & Gas is based in Houston, Texas.
SOIS News:
June 9 - Striker Oil & Gas to Drill Three Additional Wells on Its Catfish Creek Prospect
Striker Oil & Gas, Inc. (OTCBB: SOIS) announced that it has entered into a three well drilling program on its Catfish Creek Prospect located in East Texas. The first well should spud within the next 60 days with the additional wells to follow. These wells are expected to be drilled and completed during the 3rd fiscal quarter of 2008 testing the Pettit and Rodessa formations which are found in our initial two successful wells. Based on the initial wells, these three wells, if successful, should average approximately 125,000 gross barrels of oil reserves per well which equates to a combined estimate of $51,000,000 in future gross revenue at today's crude oil prices to the 100% working interest.
This prospect consists of over 8,000 gross acres with depths earned to 100 feet below the base of the Pettit formation. Full development of this prospect could result in 20 to 40 wells. Striker has approximately 33% working interest before payout (25% after payout) on this prospect.
"We are happy to begin this next phase of development on our largest prospect," said Kevan Casey, Chief Executive Officer of Striker. "The Catfish Creek prospect should be one of the biggest contributors to growing our reserves and production for 2008."
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GREM USA (OTCBB: GRMU)
GREM USA, Inc., a development stage company, engages in the design and manufacture of custom handmade and mass-produced electronic guitars, amplifiers, and accessories. The company was formerly known as Global Business Markets, Inc. and changed its name to GREM USA, Inc. in December, 2004.The company was incorporated in 1999 and is based in Fort Wayne, Indiana.
GRMU News:
June 6 - GREM USA Commences Introductory Merger Talks With Top-Tier Guitar Manufacturer
GREM USA (OTC BB: GRMU) ("GREM" or "the Company"), an emerging leader in the design and manufacturing of custom hand-crafted and electric guitars, announced that the Company has commenced introductory merger talks with a nationally-recognized top-tier guitar manufacturer ("the Manufacturer").
The Manufacturer, who will be disclosed at a later date upon formal agreement of a letter of intent, is widely recognized as a leading producer of guitars throughout the United States and worldwide. The Manufacturer has existing profitable revenues in the tens of millions of dollars, complete and audited financial statements, and is believed to meet the requirements for listing on NASDAQ National Market.
The purpose of the merger would be to afford the Manufacturer the acquisition of a complementary business vehicle to which it may use to access public markets and expand its shareholder base. The benefits of undertaking this transaction with GREM specifically include its existing fully reporting status, its Fort Wayne, Indiana production facility (which could produce significantly more yield with the assistance of the Manufacturer), significant tax advantages to the Manufacturer, and the strong brand recognition of GREM guitars in the high-end market. GREM would intend to continue producing guitars in Fort Wayne, Indiana and would inherit thousands of additional distribution channels for its custom guitars. It is anticipated that the Manufacturer would absorb GREM liabilities as part of the merger terms. Although GREM is envisioned to be the surviving entity, current GREM officers and directors would be replaced by officers and directors of the Manufacturer, resulting in a complete change of control of the Company.
The Company wishes to emphasize that the process is in its initial stages and may take many months to complete, if at all. Considering such, management believes the impact of the proposed transaction to be extremely beneficial to common shareholders. A completed agreement would offer the opportunity for our shareholders to become a part of a mature, profitable company expected to be listed on a major national exchange. Although a share consolidation would be necessary, it is the belief of GREM management that the Manufacturer possesses strong fundamentals and would have little difficulty attracting investment interest into the new entity and maintaining a market capitalization necessary for continued listing on the NASDAQ.
President of GREM USA, Edward Miers, commented, "We're excited about the beginning of this process, and believe it could be a historic transaction in the US markets. Everyway we've looked at this, it makes a lot of sense. Given our current market capitalization of fewer than 500 thousand dollars, we think the merger process with a Manufacturer of this magnitude would add substantial value to our shareholders. If we are able to consummate this process, it would effectively result in GREM shareholders, who may have acquired our shares while we were valued at a couple hundred thousand dollars, a million dollars, or even several million dollars, to own a near-proportionate interest in a Manufacturer that could easily be expected to garner capitalizations exponentially higher than levels GREM has ever achieved. We believe this transaction would result in all shareholders experiencing a considerable appreciation in the value of their holdings, and that's why we're going to work diligently to make this transaction a reality."
Although GREM management believes this proposed merger is achievable, investors are cautioned that there is no guarantee that the described merger will take place, and are also apprised that it would further require a legal and regulatory process of an indeterminate timeframe. GREM will release announcements regarding the proposed merger as they become available.
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