MMTE

[GreenGiant]

Mammoth Energy Group, Inc., a developmental stage company, engages in the development and production of oil and gas projects. It holds a working interest in an oil and gas project located in Pawnee County, Oklahoma. The company was formerly known as Technigen Corporation and changed its name to Mammoth Energy Group, Inc. in February 2006. Mammoth Energy Group, Inc. was founded in 2006 and is based in New York, New York.

[mickymoose99]

Mammoth Energy Group Announces Preliminary Chemical Analysis of Lithium Concentrations From Sample Testing


Companies:
Mammoth Energy Group, Inc.

Related Quotes


SymbolPriceChangeMMTE.PK0.0011-0.0001



{"s" : "mmte.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""}
Press Release Source: Mammoth Energy Group Inc. On Wednesday July 14, 2010, 4:15 pm EDT
NEW YORK, NY--(Marketwire - 07/14/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today that preliminary results of drilling and chemical analysis from its project under development has returned results and confirmed the presence of lithium -- potassium brine bearing aquifers. Brine Concentrations averaged grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium.
"These are only initial chemistry tests however these numbers are favorably in line with the concentration levels currently found throughout the Atacama region," announced William Lieberman, President of Mammoth Energy Group.
Mammoth Energy Group has signed a Memorandum of Understanding with Salt Gold Inter Chile Limitada whose lithium concessions are located in the North West region of Chile in the heart of the Lithium belt stretching across Bolivia, Chile and Argentina.
About Mammoth Energy Group Inc. (Pinksheets:MMTE - News)
Mammoth Energy Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond

[mickymoose99]

Mammoth Energy Group Estimates Demand for Lithium Market to Grow at 3-5% Compounded Average Growth Rate During Next 10 Years
.
Companies:Mammoth Energy Group, Inc..Related Quotes
Symbol Price Change
MMTE.PK 0.0013 +0.0002


{"s" : "mmte.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Mammoth Energy Group, Inc. On Thursday July 15, 2010, 10:06 am
NEW YORK, NY--(Marketwire - 07/15/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today that during the next ten years the demand for lithium is expected to grow at a compounded average growth rate (CAGR) of 3-5% per year.

"Internal estimates have looked at the overall market place and the race to build new alternative energy power sources for a variety of industries," said William Lieberman, President of Mammoth Energy Group.

Mammoth Energy Group has signed a Memorandum of Understanding with Salt Gold Inter Chile Limitada whose lithium concessions are located in the North West region of Chile in the heart of the Lithium belt stretching across Bolivia, Chile and Argentina. Initial test wells have confirmed average brine concentrations with grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium.

About Mammoth Energy Group Inc. (Pinksheets:MMTE - News)

Mammoth Energy Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.

Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.

[mickymoose99]

Mammoth Energy Group Comments on President Obama's Visit to Lithium Battery Plant in Michigan
Lithium Batteries Critical to Green Tech, Revised Economy and Job Growth


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Symbol Price Change
MMTE.PK 0.0011 0.0000


{"s" : "mmte.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Mammoth Energy Group, Inc. On Friday July 16, 2010, 7:45 am
NEW YORK, NY--(Marketwire - 07/16/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today that President Obama's trip Thursday to another battery plant in Holland, Michigan, was his fourth automotive battery-focused stop since being elected President. To riff off of President Clinton's mantra, "It's the economy, stupid," it's almost as if Mr. Obama's catch phrase about what's important could be, "It's the battery, bozo."

The reason is that batteries are central to the president's election-year message that green-tech will lead America into well-paid jobs and a revived economy. But politics aside, the $2.4 billion the Obama administration has funneled to the advanced battery industry points to a tooth-and-nail struggle as the United States endeavors to catch up to Asia in making cutting-edge lithium-ion batteries for use in vehicles.

"Having a world leader like President Obama visit the actual manufacturing plants that lithium and the lithium-ion will create over the next five to ten years shows how powerful the paradigm shift is changing towards lithium and alternative fuel sources," declared William Lieberman, President of Mammoth Energy Group.

"The workers at this plant, already slated to produce batteries for the new Chevy Volt, learned the other day that they're also going to be supplying batteries for the new electric Ford Focus as soon as this operation gears up," Obama said Thursday at the Compact Power plant in Michigan. "By 2012, the batteries will be manufactured here in Holland, Michigan. So when you buy one of these vehicles, the battery could be stamped 'Made in America' -- just like the car." Last week, he visited an electric-truck plant in Kansas City, Mo.

Developing US manufacturing prowess in new batteries is vital, analysts agree. Those batteries will power next-generation electrified plug-in vehicles, which are expected to dominate auto sales within a decade, they say. The nation that dominates batteries is also likely to take the lead in overall auto manufacturing.

"The Obama administration is making a concerted effort to prevent the failure of the US auto industry, and that will bolster development of the US battery industry through 2012," says John Gartner, a senior analyst at Pike Research, a Boulder, Colo., clean-tech research company. "But political shifts and market realities could remove that safety net."

Nine battery plants in the works

The huge federal investment has single-handedly vaulted the US toward becoming the globe's major supplier of advanced batteries for plug-in vehicles. Government funds have helped to finance 26 of 30 electric-vehicle battery and component plants now under construction -- including nine lithium-ion battery manufacturing plants. Four of the nine are expected to be producing batteries by year's end.

By 2012, those 30 factories will have enough capacity to supply 20 percent of the world's advanced vehicle batteries, according to a new report by the US Department of Energy. That share could rise to 40 percent by 2015.

"There's no question this federal investment has given US battery manufacturers a huge push in the right direction," says Vishal Sapru, industry manager for energy and power systems for Frost & Sullivan, a market research firm. "The funding has contributed significantly to giving the US at least a chance to play in this arena."

But he and others note that the US industry will need additional research and development funding to develop technologies that are more advanced than lithium ion, if the US is to become solidly planted as a global leader in electrified vehicles.

Mammoth Energy Group has signed a Memorandum of Understanding with Salt Gold Inter Chile Limitada, whose lithium concessions are located in the North West region of Chile in the heart of the Lithium belt stretching across Bolivia, Chile and Argentina. Initial test wells have confirmed average brine concentrations with grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium.

[RAZOR11]

Hello all, Keep MMTE on your watchlist for tmw. Looks like they got something in the works here. Looks like there were some nice buys coming in on friday so we might have a nice bounce play here people. We are at a strong support at .0007 and we have a little resistance at .00081 & .00097 which are the 20 and 50 day MA. Imo this one has no problem breaking through these and we could very easily see this one at .0011 by the end of tmw if some news hits the wire. I think this is a good time to get into this one. With the way things are moving foward into the greener and cleaner era lithium batteries are one of the new ways to get there. Smaller and longer lasting batteries are constantaly reasearched and devoloped. Manmouth Energy is prepared to be a leader and more than capiable of helping take us into the new parodox of green technologies.

[mickymoose99]

Mammoth Energy Group Signs First Letter of Intent to Acquire Lithium Concessions of Salt Gold Inter Chile Limitata of Chile
Mammoth Energy Group to Acquire 49% of Chilean Lithium Concessions at Salar de Maricunga

.
Companies:Mammoth Energy Group, Inc..Related Quotes
Symbol Price Change
MMTE.PK 0.0008 +0.0001


{"s" : "mmte.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Mammoth Energy Group Inc. On Friday July 30, 2010, 4:30 pm EDT
NEW YORK, NY--(Marketwire - 07/30/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today that it has signed a Letter of Intent to acquire forty-nine percent (49%) of the outstanding stake of Salt Gold Inter Chile Limitata's concessions in the Salar de Maricunga located in the Atacama desert near Copiapo, Chile.

"We are very pleased to be making this first of many announcements on the official signing of the Letter of intent to acquire Salt Gold Inter Chile's lithium concessions," announced William Lieberman, President of Mammoth Energy Group. "This is the first of many strategic moves for Mammoth Energy Group," he added.

Salt Gold Inter Chile Limitata lithium concessions consist of 1008 acres in the Salar de Maricunga. Preliminary results of drilling and chemical analysis from its project under development has returned results and confirmed the presence of lithium -- potassium brine bearing aquifers. Brine Concentrations averaged grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium.

"Depths at the Salar de Maricunga average 100 Meters or 300 feet and currently acres are valued around $30,000 USD," said William Lieberman.

About Mammoth Energy Group Inc. (Pinksheets:MMTE - News)

Mammoth Energy Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.

[mickymoose99]

Mammoth Energy Group Signs Financial Advisory Agreement With GR WHITE Capital Ltd of Canada

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Symbol Price Change
MMTE.PK 0.0006 0.0000


{"s" : "mmte.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Mammoth Energy Group, Inc. On Friday August 13, 2010, 4:15 pm EDT
NEW YORK, NY--(Marketwire - 08/13/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today it has signed an advisory agreement with GR WHITE Capital Ltd. of Toronto, Ontario Canada to advise on the raising of up to $30 million for its lithium projects in Chile.

GR WHITE Capital Ltd. is led by Mr. Grant White, the former head of investment banking at Blackmont Capital in Toronto, Ontario Canada. GR WHITE Capital Ltd. is an advisory services company with a primary focus on natural resource companies worldwide including mining. At Blackmont, Mr. White was head of investment banking where his department was involved in over $1 billion of natural resource and mining transactions.

Mammoth Energy Group Inc. has signed a Letter of Intent to acquire forty-nine percent (49%) of the outstanding stake of Salt Gold Inter Chile Limitada's concessions in the Salar de Maricunga located in the Atacama Desert near Copiapo, Chile.

Salt Gold Inter Chile Limitada lithium concessions consist of 1008 acres in the Salar de Maricunga. Preliminary results of drilling and chemical analysis from its project under development has returned results and confirmed the presence of lithium -- potassium brine bearing aquifers. Brine Concentrations averaged grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium. Depths at the Salar de Maricunga average 100 Meters or 300 feet and currently acres are valued around $30,000 USD.

"We are very pleased to be moving forward with Mr. White, his team is top notch and with his extensive track record, Mammoth Energy Group is moving in the right direction," said William Lieberman, President of Mammoth Energy Group.

About Mammoth Energy Group Inc. (Pinksheets:MMTE - News)

Mammoth Energy Group Inc is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.

Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission

[underdog442]

Mammoth Energy Group Comments on Lithium Regulatory Changes in Chile

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Symbol Price Change
MMTE.PK 0.0006 0.0000


{"s" : "mmte.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Mammoth Energy Group, Inc. On Monday August 16, 2010, 7:45 am
NEW YORK, NY--(Marketwire - 08/16/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today that it agrees that Chile must change its lithium-related regulations in order to guarantee long-term access to lithium and emerge as a global leader in the rapidly growing industry.

These comments were echoed by panelists focusing on Chiles Mining laws sponsored by the industry group Sonami (Sociedad Nacional de Mineria de Chile) last week in Santiago.

Currently, Chile's government classifies lithium as a strategic resource, allowing the state to regulate production of the metal.

"Most manufacturers, especially auto companies, are seeking long-term agreements, something that most Chilean firms, cannot provide due to the regulations," said William Lieberman, President of Mammoth Energy Group. "The auto markets of Latin America including the large markets of Brazil and Mexico, will move quickly to electric powered cars with the close proximity of Chilean resources," he added.

Lithium is a key component in rechargeable batteries that power laptop computers, digital cameras and cell phones and electric powered cars.

Mining Minister Laurence Golborne said he would like the lithium industry to grow in coming years, signaling reforms to current legislation that could open the industry to other players.

Mammoth Energy Group Inc. has signed a Letter of Intent to acquire forty-nine percent (49%) of the outstanding stake of Salt Gold Inter Chile Limitada's concessions in the Salar de Maricunga located in the Atacama Desert near Copiapo, Chile.

Salt Gold Inter Chile Limitada lithium concessions consist of 1008 acres in the Salar de Maricunga. Preliminary results of drilling and chemical analysis from its project under development has returned results and confirmed the presence of lithium -- potassium brine bearing aquifers. Brine Concentrations averaged grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium. Depths at the Salar de Maricunga average 100 Meters or 300 feet and currently acres are valued around $30,000 USD.

About Mammoth Energy Group Inc. (Pinksheets:MMTE - News)

Mammoth Energy Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.

[RAZOR11]

Finally some AWESOME news on MMTE, This is going to be a great news play for the am...



Mammoth Energy Group Signs Memorandum of Understanding on Remaining Lithium Concessions of Salt Gold Inter Chile Limitada



■Companies:
◦Mammoth Energy Group, Inc.

Related Quotes Symbol Price Change MMTE.PK 0.0007 0.0000
{"s" : "mmte.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Mammoth Energy Group Inc. On Tuesday August 17, 2010, 4:25 pm EDT

NEW YORK, NY--(Marketwire - 08/17/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today that it has signed a Memorandum of Understanding with Salt Gold Inter Chile Limitada, of Chile, to acquire the remaining 51% of the project.

Mammoth Energy Group Inc. has already signed a Letter of Intent to acquire the first forty-nine percent (49%) of the outstanding stake of Salt Gold Inter Chile Limitada's concessions in the Salar de Maricunga located in the Atacama Desert near Copiapo, Chile.

Salt Gold Inter Chile Limitada lithium concessions consist of 1008 acres in the Salar de Maricunga. Preliminary results of drilling and chemical analysis from its project under development has returned results and confirmed the presence of lithium -- potassium brine bearing aquifers. Brine Concentrations averaged grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium. Depths at the Salar de Maricunga average 100 Meters or 300 feet and currently acres are valued around $30,000 USD.

"We are pleased to begin to finally wrap up the stake in the Salar de Maricunga," said William Lieberman, President of Mammoth Energy Group.

[RAZOR11]

Mammoth Energy Group Comments on Launch of Lithium ETF


LIT Has Topped $20 Million in Assets and Regularly Sees Daily Trading Volumes North of a Million Shares
NEW YORK, NY, Aug 23, 2010 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that the new Lithium ETF, sponsored by Global X, already a fast-growing exchange traded fund (ETF) provider, has made its biggest impression on the market yet by offering a lithium ETF. It's the first product that gives investors a way to get exposure to this rare but increasingly popular metal.
The fund itself is about evenly split between lithium producers and battery producers, with the heaviest weights given to the lithium industry's largest producers, who make up 44% of the fund's assets. The United States is the largest country weighting at 49%. Chile, the world's largest producer of lithium, is 20% of the fund. Japan, Canada, France and Australia all have smaller weightings.

"We expect Global X and the ETF Lithium fund to take serious notice as the development of the Salar de Maricunga moves forward," said William Lieberman, President of Mammoth Energy Group.

Mammoth Energy Group has signed a Letter of Intent to acquire 49% of Salt Gold Inter Chile Limitada and a Memorandum of Understanding to acquire the remaining shares. Salt Gold Inter Chile Limitada lithium concessions are located in the North West region of Chile in the heart of the Lithium belt stretching across Bolivia, Chile and Argentina. Initial test wells have confirmed average brine concentrations with grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm lithium and 9000-10000 ppm for potassium

[mickymoose99]

Mammoth Energy Group Comments on Launch of Lithium ETF
LIT Has Topped $20 Million in Assets and Regularly Sees Daily Trading Volumes North of a Million Shares

.
Companies:Mammoth Energy Group, Inc..Related Quotes
Symbol Price Change
MMTE.PK 0.0006 +0.0001


{"s" : "mmte.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Mammoth Energy Group Inc. On Monday August 23, 2010, 4:20 pm EDT
NEW YORK, NY--(Marketwire - 08/23/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today that the new Lithium ETF, sponsored by Global X, already a fast-growing exchange traded fund (ETF) provider, has made its biggest impression on the market yet by offering a lithium ETF. It's the first product that gives investors a way to get exposure to this rare but increasingly popular metal.

The fund itself is about evenly split between lithium producers and battery producers, with the heaviest weights given to the lithium industry's largest producers, who make up 44% of the fund's assets. The United States is the largest country weighting at 49%. Chile, the world's largest producer of lithium, is 20% of the fund. Japan, Canada, France and Australia all have smaller weightings.

"We expect Global X and the ETF Lithium fund to take serious notice as the development of the Salar de Maricunga moves forward," said William Lieberman, President of Mammoth Energy Group.

Mammoth Energy Group has signed a Letter of Intent to acquire 49% of Salt Gold Inter Chile Limitada and a Memorandum of Understanding to acquire the remaining shares. Salt Gold Inter Chile Limitada lithium concessions are located in the North West region of Chile in the heart of the Lithium belt stretching across Bolivia, Chile and Argentina. Initial test wells have confirmed average brine concentrations with grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm lithium and 9000-10000 ppm for potassium.

About Mammoth Energy Group Inc. (Pinksheets:MMTE - News)

Mammoth Energy Group Inc is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.

Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.

These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.