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Stocks That Stand Out For Nov. 17th, 2009 Are MTCH, BNXR, NYMH, FNXC, AMNP
(M2 PressWIRE Via Acquire Media NewsEdge) www.Standoutstocks.com: Stocks That Standout For Nov. 17th, 2009 are MATECH Corp. (OTCBB: MTCH), Brinx Resources Ltd. (OTCBB: BNXR), NYMET Holdings Inc. (PINKSHEETS: NYMH), Fonix Corporation (OTC BB: FNXC), American Sierra Gold Corp. (OTCBB: AMNP)
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MATECH in Discussions With Major Transportation Agency Regarding Year-Long Bridge Monitoring Program
Long-Term Inspection Program to Focus on High-Profile East Coast Bridge
LOS ANGELES, CA, Nov 17, 2009 -- MATECH Corp. (OTCBB: MTCH) (www.matechcorp.com) is pleased to announce that it is currently in discussions with a major transportation agency regarding a year-long monitoring and inspection contract on a high-profile East Coast bridge. MATECH's Electrochemical Fatigue Sensor (EFS) System is the only nondestructive method able to detect growing cracks in bridges as small as 0.01 Inches.
Multiple cracking locations have already been indentified on the bridge. The bridge had recently been restricted to truck traffic during peak hours, and has been undergoing major retrofit installations. MATECH's revolutionary EFS System will be used to check these damaged and retrofitted areas.
"We are very pleased to announce yet another potential long-term contract to company shareholders," said Robert M. Bernstein, Co-CEO of MATECH. "We anticipate that the results of the program will represent still another example of the effectiveness and inherent value of our EFS technology." MATECH has a proven track record of saving bridge owners money through improving bridge management and public safety with its cutting edge technology, the EFS System. Through eliminating subjectivity of inspections for cracking in bridge members (the FHWA has stated that 90% of these cracks are missed with visual inspection), MATECH is helping to eliminate wasted funds by prioritizing repairs and verifying their effectiveness immediately.
About MATECH MATECH Corp, founded in 1983, is an engineering, research and development company based in Los Angeles, CA. The Company specializes in technologies to measure microscopic fractures in metal structures. MATECH is now marketing its patented Electrochemical Fatigue Sensor (EFS) to bridge asset managers, railroad companies, and governmental agencies across the United States and internationally. To learn more, please visit: www.matechcorp.com.
Forward-Looking Statements Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant," "indicated," "feel," "revolutionary," "should," "ideal," "extremely" and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's recent Form 10-K and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Brinx Resources and Partners Initiate Drilling of Two More Wells at Successful 2009-3 Oklahoma Project
ALBUQUERQUE, NM, Nov 17, 2009 -- Brinx Resources Ltd. (OTCBB: BNXR) (the "Company" or "Brinx") is pleased to report that the drilling of two new wells at the 2009-3 Oklahoma Project has commenced. These two well locations were based on positive anomalies discovered by 3-D seismic surveys and will target the same pay zones encountered in the Company's successful 2008-3 wells and the 2009-3-1 well.
As previously announced, the first of the three wells in 2009-3 Oklahoma Project drill program (2009-3-1) appears to have been a significant new discovery. Electric well logs and a drill stem test that flowed both oil and gas indicate the strong likelihood of another producing well for the Company. Logs also indicate that the well has as many as nine separate potential pay zones in three separate geological formations. The successful well from the 2008-3 program in the same area has been in production since May and has already produced over 65,000 barrels of oil and 7,400 mcf of gas.
"We are delighted by the initial success of our 2009-3 drill program," said Leroy Halterman, President of Brinx Resources. "All of the Oklahoma Project's well locations were targeted with modern 3-D seismic surveys and we are optimistic that our detailed geophysical analysis for the new wells will result in continued success for this program." It is anticipated that the new wells (2009-3-2 and 2009-3-3) will take approximately two to three weeks to reach total depth. They will target the same pay zones as the successful wells in the 2008-3 program and the recently announced 2009-3-1 program. The Company should have preliminary indications as to the success of these wells once the drill reaches total depth and they are electrically logged.
About Brinx Resources Brinx Resources is an expanding exploration and production company focused on developing North American and international oil and natural gas reserves. The Company's current focus is on the continued exploration and development of its land portfolio comprised of working interests in the 2008-3, 2009-2, and 2009-3 Oklahoma Projects (5% interest); Three Sands Project in Noble County, Oklahoma (40% interest); King City Project in California (20% interest); and the Palmetto Point and Belmont Lake Oil Field Projects in Mississippi (8 to 8.5% interest). Brinx Resources is seeking to further develop its existing projects through development or offset drilling and to expand its portfolio to include additional interests North America.
Leroy Halterman, President Disclaimer Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. The Company has no official gas or oil reserves at this time and may not have sufficient funding to thoroughly explore, drill or develop its properties. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings.
NYMET Holdings Inc. (NYMH) Announces Credit Line Approval
NEW YORK, NY, Nov 16, 2009 -- NYMET Holdings Inc. (PINKSHEETS: NYMH) (www.nymetholdings.com), an innovative metals and mining company headquartered in Port Jefferson, N.Y., announced today that NYMET Holdings Inc. has obtained a credit line approval from a New York based factor and finance company.
The $900,000 credit line was approved as part of a working agreement for projects and material purchases associated with NYMET Holdings Inc. and its subsidiaries.
The credit line provides NYMET with funds to expand its revenue stream, as well as execute the company's current business development plan which has been formulated by management. Additionally, this approval allows NYMET the ability to factor its Letters of Credit, which NYMET will receive from clients overseas.
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect NYMET Holdings Inc.'s future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of NYMET Holdings Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. NYMET Holdings Inc. undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in NYMET Holdings Inc.'s expectations.
Fonix Reports 3Q 2009 Financial Results
Consolidated Statement for Fonix Speech and G-Soft
LINDON, Utah, Nov 16, 2009 -- Fonix Corporation (OTC BB: FNXC) announces that it has filed with the United States Securities and Exchange Commission its Quarterly Report for the quarter ended September 30, 3009, containing unaudited financial results for the three and nine-months ended September 30, 2009 and same period in 2008, including those of its wholly owned subsidiaries, Fonix Speech, Inc., and G-Soft Limited. The results include Shanghai Gaozhi Software Systems Limited ("GaozhiSoft"), a growing software developer and solutions provider in 2G (second-generation) and 3G (third-generation) mobile networks in China and throughout the Asian Pacific region. Fonix Speech specializes in embedded speech interfaces for mobile devices, handheld electronic products, video game systems and processors.
Third Quarter Company highlights include:
-- Fonix Launches VoiceSync 1.0: Flexible, Accurate and Efficient Speech Recognition Technology for Animation Developers
-- Nearly Ten Million e-Dictionary and Cell Phone Units Sold through Asian OEMs with Fonix embedded software
-- Inventec Besta embeds Fonix Speech Software into new "Language Learning" electronic dictionary for China, Taiwan and Korean markets
-- Fonix VoiceSync 1.0 licensed for Microsoft's South Park Xbox LIVE Arcade video game
-- Autodesk Licenses Fonix VoiceIn 4.2 Speech Software
Fonix revenues were $335,000 for the quarter ended September 30, 2009, compared to $223,000 for the same period in 2008, an increase of 50 percent. Fonix revenues were $1,301,000 for the first nine months of 2009 compared to $1,069,000 for the same period in 2008, a 22 percent increase. Operating expenses increased 17 percent from $643,000 for the quarter ended September 30, 2008 to $752,000 for the same period in 2009. Operating expenses decreased 4 percent from $2,423,000 for the nine month period ended September 30, 2008 to $2,324,000 for the same period in 2009. Net income for the quarter was $230,000 compared to a loss of $1,701,000 for the same period in 2008, and the Company also reported a reduction in net loss from $4,035,000 for the nine months ended September 30, 2008 to a net loss of $50,000 for the same period in 2009.
"Quarterly and YTD performance continues to grow, which reflect the improved revenues and consolidation of the GaozhiSoft operations. Revenues from operations are expected to grow through license fees and unit royalty fees through the remainder of the year," said Roger D. Dudley, Fonix CEO. "We are pleased with the second straight quarter of increasing revenues and net income. Our goal is to continue these operating performances and achieve cash flow positive results. We expect to further our growth organically and through acquisitions." About Fonix Fonix Corporation (OTC BB: FNXC), based in Salt Lake City, Utah, currently operates through its wholly owned subsidiary, Fonix Speech, Inc., an innovative speech recognition and text-to-speech technology company that provides value-added speech solutions. Fonix Speech offers voice solutions for mobile/wireless devices; interactive video games, toys and appliances; computer telephony systems; the assistive market and automotive telematics. Fonix Speech provides developers and manufacturers with cost-effective speech solutions to enhance devices and systems. Visit www.fonix.com for more information, or call (801) 553-6600 and say "Sales." About G-Soft Limited and G-Soft Inc.
G-Soft Limited ("G-Soft Ltd") is a Hong Kong limited liability company established in 2008. G-Soft Ltd's sole asset is 100% ownership of G-Soft Inc., a Chinese wholly owned foreign entity (WOFE). G-Soft Inc. is the sole shareholder of Shanghai Gaozhi Software Systems Limited.
About Shanghai Gaozhi Software Systems Limited Shanghai Gaozhi Software Systems Limited ("GaozhiSoft") based in Shanghai, China, and began operations in 2003 with a vision to become a leading provider of OSS (Operation Support System) and related software solutions to Chinese mobile network service providers. GaozhiSoft software is integrated and widely used in 2G and fixed lines networks. In 2008, GaozhiSoft expanded its strategy to include operations as a Value-Added service provider in the 3G (third- generation) mobile network in China and in the Asia Pacific region. Visit www.gaozhisoft.com for more information. Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually," or "projected." Additionally, statements relating to the Company's market position or strength, implementation of the Company's plans or strategies, and comparisons with other companies in the same or similar industries could contain forward-looking statements. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Renewable Fuel Corp expressly disclaims any obligation or intention to update or revise any forward-looking statement, as a result of developments occurring after the date such statement was first made.
American Sierra Gold Corp. Discovers New Gold-Rich Zone at El Rosario, Urique Project
RENO, NV, Nov 17, 2009 -- American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada, is pleased to announce the discovery of a new gold-rich zone within the El Rosario mine of the Company's Urique Project, Mexico.
The highlights of the completed work program include:
- 9.74 g/t Au and 356.7 g/t Ag over 1.68 m,
- 2.16 g/t Au and 92.5 g/t Ag over 2.93 m,
- 3.60 g/t Au and 108.2 g/t Ag over 1.87 m,
- 5.65 g/t Au and 95.9 g/t Ag over 0.45 m,
- 3.69 g/t Au and 112.7 g/t Ag over 1.10 m, and
- 3.53 g/t Au and 243.1 g/t Ag over 0.40 m.
All the abovementioned results come from the underground sampling within the Rosario tunnel. This tunnel, the largest of three known workings within the El Rosario target area, was reconditioned, re-mapped and sampled in preparation for a planned underground drill program. Previously unknown extensions to the workings were encountered and sampled resulting in the discovery of the new gold-rich zone. A total of 22 samples were taken from this zone with values ranging from 0.06 to 11.57 g/t gold and 6.6 to 358.7 g/t silver.
The El Rosario target measures approximately 175 metres wide by 400 metres long and has never been drilled. It is open along strike and to depth. Multiple +1 kilogram per tonne silver assays have been collected from various veins throughout the El Rosario target. Significant silver mineralization also occurs within the altered andesite host rocks (257 g/t silver and 0.78 g/t gold over five metres), which adds to the bulk tonnage potential of the target. In 2008, surface sampling, some 150 metres above the Rosario tunnel, encountered bonanza grades of as much as 10.6 g/t gold and 8,290.0 g/t (or 241.5 ounces per ton) silver.
"We are very excited with the results of our work at El Rosario. The presence of multiple vein sets hosting high-grade silver-gold mineralization, as well as felsic intrusives related to widespread alteration and mineralization of the andesitic rocks, suggests that the El Rosario target area has the potential to expand further," commented Mr. Wayne Gruden, American Sierra's CEO.
"The new high-grade gold zone encountered may represent an ore shoot and this concept needs to be tested by drilling. We are, therefore, currently working on the preparation of an underground drilling program which we expect to initiate in the near-term and conclude in the first months of 2010," added Mr. Gruden.
Additional information on the El Rosario target can be found on the projects section of our website: www.americansierragold.com/projects.
About American Sierra Gold Corp.: American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada. Shareholders and prospective investors are encouraged to call investor relations at 1-888-279-3921 or visit American Sierra Gold Corp's website: http://www.americansierragold.com and to subscribe to our email newsletter.
Forward-Looking Statements The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's SEC filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
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