Stock-PR

Archive for June, 2009

Megaway International Holdings Limited Completes Reverse Merger to Go Public in the U.S. BTHC VIII, Inc. (the “Company”) (OTC Bulletin Board: BVNC) announced that it has successfully closed a share exchange transaction with the shareholder of Megaway International Holdings Limited, a British Virgin Islands corporation (”Megaway”). The Company will operate through its consolidated indirect Chinese subsidiaries to execute the current business plan of those subsidiaries.

In the share exchange transaction, Megaway’s shareholder was issued 14,800,000 shares of the Company’s Common Stock, representing approximately 92.5% of the total issued and outstanding capital stock of the Company, in exchange for 100% of the issued and outstanding shares of Megaway.

As a result of the share exchange transaction, Megaway has become a wholly-owned subsidiary of the Company. Mr. Guohong Zhao was appointed to the Board of Directors of the Company and the Company’s executive officers were replaced by the executive officers of Megaway and its subsidiaries upon the closing of the share exchange. The Company plans to amend its Articles of Incorporation to change the name of the Company to THT Heat Transfer Technology Co., Ltd.

“We are delighted to have successfully closed the going public transaction and we wish to thank Halter Financial Group for acting as our advisor on this transaction,” said Guohong Zhao, the new Chairman of the Company. “Our Company has continued to grow, despite the current global economic environment, and we are confident that we will weather the crisis. We expect that the Over-the-Counter Bulletin Board will provide the Company with a good trading platform that will eventually lead to our upgrade to a national exchange.”

The Company is a leading total solution provider of heat exchangers in China. A heat exchanger is a device built for efficient heat transfer from one medium to another, whether the media are separated by a solid wall so that they never mix, or the media are in direct contact. Through its Chinese operating subsidiary, Siping Juyuan, the Company designs, manufactures and sell splate heat exchangers, shell-and-tube heat exchangers, heat exchanger units and other heat exchanger products with total heat exchange solution. Its customers are widely dispersed throughout various industries, including metallurgy, heat and power, petrochemical, food and beverage, pharmaceutical and shipbuilding.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of Henry County Plywood Corporation, and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding the ability of the Company to grow, despite the current global economic environment; the Company’s ability to upgrade to a national exchange; the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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Cyclone Power Improves Performance And Durability of Waste Heat Engine

Cyclone Power Technologies (Pink Sheets:CYPW) announced today that it has achieved positive results from performance tests recently conducted on its award winning Waste Heat Engine (WHE), and expects the final stage of testing prior to on-site beta installation to begin in July.

The tests involved running the WHE on heat generated from a simulated industrial furnace. The company recently modified certain design elements and materials of the WHE in an effort to reduce heat conductivity losses and engine wear. The company also improved the design of the heat exchanger to generate higher steam temperatures and pressures.

The net results of these improvements, as demonstrated by the performance testing, is expected to be an engine that operates at a broader range of temperatures, achieves higher overall efficiencies and has greater lifetime durability.

“We are very pleased with progress made,” said Allan Brown, Cyclone’s senior engineer on the WHE project. “We have successfully isolated and debugged engine issues, and vastly improved quality control on the production of parts.”

“By not rushing delivery and installation of this first beta engine, we have been able to make advancements that have greatly improved the commercial possibilities of the WHE,” added Cyclone’s CEO, Harry Schoell.

The WHE is a self-starting steam engine capable of producing up to 18HP (10kW of electricity) from low to medium-temperature waste heat sources such as industrial furnaces, commercial ovens and even solar thermal collectors. New video of the improved WHE can be viewed at www.cyclonepower.com/video.html.

CORPORATE PROFILE

Cyclone Power Technologies is the developer of the award-winning Cyclone Engine – an eco-friendly external combustion engine with the power and versatility to run everything from portable electric generators and garden equipment to cars, trucks and locomotives. Invented by company founder and CEO Harry Schoell, the patented Cyclone Engine is a modern day steam engine, ingeniously designed to achieve high thermal efficiencies through a compact heat-regenerative process, and to run on virtually any fuel - including bio-diesels, syngas or solar - while emitting fewer greenhouse gases and irritating pollutants into the air. Currently in its late stages of development, the Cyclone Engine was recognized by Popular Science Magazine as the Invention of the Year for 2008, and was presented with the Society of Automotive Engineers’ AEI Tech Award in 2006 and 2008. Additionally, Cyclone was recently named Environmental Business of the Year by the Broward County Environmental Protection Department. For more information, visit www.cyclonepower.com.

Safe Harbor Statement

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Stock-PR.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold Stock-PR.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur.
(read more) Rule 17B requires disclosure of payment for investor relations.

Energy Revolution Embraces All New Technology

Alkane, Inc. “Alkane” (PINK SHEETS: ALKN) announced today that its flagship product, alternative diesel fuel additive, Monster DieselTM, is “going digital”, launching an entirely renovated interactive Web site and signing on with social media tools Twitter, Facebook, and MySpace.

The newly launched MonsterDiesel.com enables users to quickly and easily purchase products online, while the social networking sites will be utilized as a means to invite conversation on the company’s ongoing alternative energy product innovations.

When asked why a company which produces an alternative diesel fuel additive is becoming so involved with interactive and social networking utilities, CEO and President, Mathew Zuckerman, Ph.D. said, “New energy is a topic that needs to be on everyone’s radar. We have created a platform for users to learn more about the future of energy, and discuss it openly.”

With Monster DieselTM announcing new product innovations all the time, the company is surely one to follow. Executives say they plan to announce breaking developments in real time “tweets” to their Twitter followers.

According to the Energy Information Administration’s International Energy Outlook 2008, the world “will require 50% more energy in 2030 than it did in 2005… almost all of which will be derived from synthetic and bio fuel sources.” Alkane’s proprietary synthetic-fuel products will surely play an integral role in this transformation.

“We have been saying that Monster DieselTM will be at the forefront of the energy revolution. I think this move to an interactive frontier plays an integral part in the fulfillment of that,” Zuckerman went on to say. “This is a way to engage our various audiences. We are speaking to our knowledge hungry base, utilizing interactive tools to encourage discussion on timely and pertinent matters that impact the future of the energy landscape.”

About Monster DieselTM

Monster DieselTM is a patent pending high energy alternative fuel additive which boosts diesel fuel’s quality to premium levels. The additive offers a comprehensive, cost effective solution to address each of the challenges common to diesel powered engines, all in one product. Benefits of Monster DieselTM include:

* Reduces diesel consumption by as much as 15%
* Boosts diesel fuel’s energy by 10% for increased power and mileage per gallon
* Reduces metal to metal engine wear and friction by as much as 40%, to reduce down time
* Lowers overall fuel emissions by 23%
* Turns black smoke to white instantly, harnessing would-be pollutants into increased power and mileage per gallon
* Winterizes diesel fuel to allow subzero operation, eliminating the need for expensive #1 diesel to reduce gelling and deicing
* Boosts the cetane number by 12.5%—twice the boost of premium gas over regular
* Made from U.S. sourced materials, not crude oil

About Alkane, Inc.

Alkane, Inc. is dedicated to the development and sales of alternative fuels and additives which reduce the cost of operating and maintaining vehicles. Additional benefits of Alkane, Inc.’s product offerings include positive environmental impact through the reduction of harmful emissions and a lessened U.S. dependence on foreign oil due to a decrease in crude oil dependent diesel fuel consumption.

Visit www.MonsterDiesel.com for more product information, news and analysis, and information on how to order Monster DieselTM branded products.

Monster Diesel™ and its logo are trademarks of Alkane, Inc.

Forward Looking Statements:

Certain statements in this release and other written or oral statements made by or on behalf of the Company are “forward looking statements” within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management’s expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company’s services and projects and the Company’s continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Stock-PR.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold Stock-PR.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur.
(read more) Rule 17B requires disclosure of payment for investor relations.

Location Based Technologies, Inc. LBAS.OB, a leading-edge service provider of personal, pet and asset location devices, today announced it has received its first Purchase Order for LoadRack Tracker devices.

“By partnering with LoadRack.com™, we have established a cornerstone distribution relationship within the massive trucking and freight monitoring industry while allowing LBT to stay focused on its core competency of locating people, pets, and assets,” said Dave Morse, CEO of Location Based Technologies. “This allows us to leverage a vast vertical market by applying our cutting edge PocketFinder Network™ with a hardware / software application to enhance freight logistics. This initial purchase order is the first step in a national sales campaign utilizing our innovative low cost, location based management system for the trucking industry.”

LBT will begin delivery of LoadRack Tracking devices in third quarter 2009. Additional devices will be ordered and delivered over the next 12 months. LBT’s solution delivers advanced technology to assist shippers, carriers and truck brokers to optimize resources and coordination by procuring available trucks and loads, while allowing for load visibility across the supply chain. The customized interface for the LoadRack solution is accessed via the Internet to show its exact location in real time. In addition, the devices include advanced features such as: users may designate customizable zones or lanes providing stakeholder notification when a device leaves or enters a zone; load temperature monitoring; route changes; and the ability to manage time delays. By combining the PocketFinder® solution with the LoadRack™ software, load integrity, customer service and load visibility will enhance the procurement and delivery of goods.

About LoadRack.com, LLC

LoadRack.com ™ is a premier provider of truck and load matching, with an industry first real-time asset tracking application. Their advanced technology allows shippers, carriers, and truck brokers to optimize resources and coordination by procuring available trucks and loads, while ensuring load integrity across the supply chain. Accessed via the Internet, the system allows users to determine load location and status, designate safe and unsafe zones and lanes, monitor load temperatures, facilitate route changes, and effectively manage equipment problems and delays.

About Location Based Technologies

A publicly traded company (OTCBB:LBAS - News), Location Based Technologies, headquartered in Anaheim, CA, designs and develops leading-edge personal locator devices and services that incorporate patented, proprietary technologies designed to enhance and enrich the way businesses and families interact globally. For more information, visit www.pocketfinder.com.

This news release contains forward-looking statements that involve risks and uncertainties. Actual results and outcomes may differ materially from those discussed or anticipated. For a more detailed discussion of these and associated risks, see the company’s most recent document filed with the Securities and Exchange Commission.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Stock-PR.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold Stock-PR.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur.
(read more) Rule 17B requires disclosure of payment for investor relations.

Terra Energy & Resource Technologies and King Resources to Unite Efforts to Form a $50M Drilling Fund

Terra Energy & Resource Technologies, Inc. (OTC.BB:TEGR, a natural resource exploration services technology company, announced today June 30, 2009 that the Company has signed a Memo of Understanding with King Resources, LLC (KR), according to which the Company and KR plan to form a joint venture centered on the formation of a diversified oil and gas investment fund (Fund), to raise up to $50 million, with the Company and KR serving as general partners.

The plan is to significantly increase the Fund’s exploration success rate via investments that would be selected using the Company’s advanced proprietary exploration technologies, in addition to the traditional industry due diligence. The Fund would initially concentrate on US onshore late stage non-operated drilling projects. Terra Energy & Resource Technologies, through a services subsidiary, will provide the Terra Technologies to the Fund receiving 25% economic interest in the JV as well as projected 2.5% equity and 5% carried interest in the Fund.

“Both Terra and King Resources are dedicated to the vision of innovative exploration technologies, being of paramount importance in making the exploration process significantly less risky and therefore substantially more economically viable than the traditional industry approach. The parties decided to unify their efforts because together they have a number of unique technologies, inventor class specialists and scientists, top managers, and strong industry and financial connections, creating a powerful business entity,” said Dr. Alexandre Agaian, President of Terra Energy & Resource Technologies, Inc.

“The Fund’s economics conservatively project for the investors to achieve industry leading returns on investment at expedient distribution rates based on investing in established projects ready for near term drilling operations,” said John King, King Resources’ Chief Executive Officer. “We project a sizable increase in exploration success rate due to utilization of our innovative exploration technologies.”

“It’s very exciting that Terra Energy & Resource Technologies has found a synergistic partner with the similar vision and credo to bring substantially enhanced economic success to the exploration field through new and exciting technologies,” said Dmitry Vilbaum, the Company’s Chief Executive Officer.

About Terra Energy & Resource Technologies, Inc.

Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Services, Inc., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses a suite of innovative and efficient technologies, which facilitate the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources and assesses them for any given geographic area — on or offshore. For more information, visit http://www.terrainsight.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Safe Harbor for Forward-looking Statements
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company’s expectations and beliefs about its operations or its plans to acquire additional exploration properties or technologies, plans to drill or drilling results to fail to materialize, including, but not limited to: competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Stock-PR.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold Stock-PR.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur.
(read more ) Rule 17B requires disclosure of payment for investor relations.