AXGJ -- Axia Group, Inc.
Com ($0.001)(New)
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otcstockexchange.com: GBRC, NAWL, AXGJ, OCRI - OTCStockExchange.com Stock Alert
Nov 24, 2006 (M2 PRESSWIRE via COMTEX) -- Rochester, NY, November 24, 2006 - OTCStockExchange.com's "Stock Watch Alert" this morning are Global Resource Corporation (OTCBB: GBRC), NatureWell, Incorporated (OTCBB: NAWL), Axia Group, Inc. (Pink Sheets: AXGJ), Ocean Resources, Inc. (Pink Sheets: OCRI).
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Global Resource Corporation (OTCBB: GBRC - http://finance.yahoo.com/q?s=GBRC.OB ) Global Resource Corporation announced today that it has entered into an agreement with an understanding of terms to acquire a Virginia firm specializing in tooling and manufacturing with trailing annual revenues estimated at $4.0 million. This acquisition is expected to close prior to the end of the current fiscal year.
"This acquisition provides us with a strong team of manufacturing experts that will reduce our cost to manufacture machines by up to 40%, compared to the conventional bid process," noted Global President Frank Pringle. "We have a number of test facilities that we will begin to manufacture over the next several months that will pay for this acquisition in cost savings to our shareholders."
Global Resources has a patent pending process that allows for removal of oil and alternative petroleum products at very low cost from various resources, including shale deposits, tar sands and waste oil streams with significantly greater yields and lower costs than are available utilizing existing known technologies. The process uses specific frequencies of microwave radiation to extract oils and alternative petroleum products from secondary raw materials, and is expected to dramatically reduce the cost for oil and gas recovery from a variety of unconventional hydrocarbon resources.
Global's technology will not only be developed to extract oil from shale, but from depleted oil fields in the US and elsewhere, many of which still contain more than half of the hydrocarbons originally in these fields, because the residual hydrocarbons are too viscous to extract with conventional technology.
NatureWell, Incorporated (OTCBB: NAWL - http://finance.yahoo.com/q?s=NAWL.OB ) NatureWell, Incorporated (www.naturewell.com) is an emerging company engaged in the development, marketing and licensing of unique, proprietary healthcare products. The Company currently markets its flagship product MigraSpray (www.migraspray.com), a patented, over-the-counter, homeopathic drug intended to be a comprehensive approach for the treatment and prevention of migraine headaches.
Axia Group, Inc. (Pink Sheets: AXGJ - http://finance.yahoo.com/q?s=AXGJ.PK ) Axia Group, Inc. announced that it has signed an agreement with Swift Services, an Indian company, to begin building homes in India, its first project in that country. The contract calls for Axia to build a model home in the city of Madurai. The costs of the model home, which is estimated to be about $8,000.00 US, will be born by Swift. Once the model home construction has met the approval of Swift, the Indian company has indicated its intention to use this technology in its plans to build health centers, apartment units and office buildings.
Stated Jeffrey Flannery, CEO of Axia Group, Inc. "We are excited to be given this opportunity to demonstrate our technology and our technical know-how in India. This represents a very large potential market for our technology. Our success in Sri Lanka clearly was a deciding factor in our ability to secure this initial contract. India represents a tremendous opportunity for Axia and we look forward to working with our new partners."
The Axia panel technology consists of wire trusses that are welded together around an insulation core of expanded polystyrene (Styrofoam). After put in place as wall, floor or roof, this panel is then coated with concrete. The resulting structure is able to withstand winds of greater than 180 kilometers per hour, is resistant to mold, mildew, insects and is highly fire resistant. Axia has completed homes in Sri Lanka and is currently involved in a number of projects with the Sri Lankan government to build multi-residence buildings in Colombo, the capital of Sri Lanka.
Ocean Resources, Inc. (Pink Sheets: OCRI - http://finance.yahoo.com/q?s=OCRI.PK ) Ocean Resources, Inc.'s principal activities are to perform deep water explorations and own and operate ships and remote operated vehicles. It also undertakes maritime recovery projects. The Group was originally incorporated to design, manufacture and market a unique jewelry product to bridge a gap between clip-on and pierced type jewelry products.
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