otcstockexchange.com: Mid-Day Stock Alert -- OTCStockExchange.com EGYF, SNPD, DPRK, XSNX
By M2
Last Update: 9/12/2005 12:29:02 PM Data provided by
Rochester, NY, Sep 12, 2005 (M2 PRESSWIRE via COMTEX) -- OTCStockExchange.com's "Mid-Day Stock Watch Alert" this afternoon are Energy Finders, Inc. (Pink Sheets: EGYF), Snap N' Sold Corp. (Pink Sheets: SNPD), Deep Rock Oil & Gas, Inc. (Pink Sheets: DPRK), XsunX, Inc. (XSNX).
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Energy Finders, Inc. (Pink Sheets: EGYF -
http://finance.yahoo.com/q?s=EGYF.PK ) Energy Finders, Inc., a Florida Corporation, would like to clarify the forward split of the companies common stock. On a press release dated September 6, 2005, it was communicated that a forward split would occur on Friday, September 9, 2005, this is an incorrect date and the corporation would like to apologize for this miscommunication. The five-for-one forward split will be effective at the open on Monday, September 12, 2005. Shareholders of record on September 9, 2005, will be entitled to four additional shares of common stock for every one share of common stock beneficially owned. The stock symbol and CUSIP number will remain the same after the forward split.
Snap N' Sold Corp. (Pink Sheets: SNPD -
http://finance.yahoo.com/q?s=SNPD.PK ) Snap N' Sold Corp. announced that its wholly-owned subsidiary, EZ Auctions & Shipping, Inc., has completed a previously announced 'bulk' asset disposition consisting of the entire contents of a private elementary and middle school located in Clearwater, FL. The original listing, found on eBay under listing number 5588256429, was completed with net proceeds from the sale exceeding $15,000.00. Snap N' Sold Chairman, James Grady, commented, "This type of bulk asset disposition is indicative of transactions that we are seeing more of with every passing day. While we are experiencing a steady stream of individual items from long-time customers, the increased focus on 'big ticket' items and the corresponding influx of asset liquidation and disposition requests from Estates, Corporations and Non-profits is gaining considerable momentum." He continued, "Our expertise and reputation in this arena will undoubtedly help make this business segment a significant driver of revenue and earnings growth and help ensure our competitive edge moving forward, representing a significant area of differentiation over our competitors."
In addition, the Company announced that it will be relocating its corporate offices to Clearwater, Florida. Once the Company has completed its acquisition of
www.hotautoweb.com and its relocation it will begin the process of bringing its financial filings up to date. Currently, the company is non-reporting and has 92,325,181 shares issued and outstanding. "It is management's intention to make every effort to keep shareholders updated on the financials and share structure of the Company until such filings are brought current," stated Grady.
Deep Rock Oil & Gas, Inc. (Pink Sheets: DPRK -
http://finance.yahoo.com/q?s=DPRK.PK ) Deep Rock Oil & Gas, Inc. announced that it has received an investment of $350,000 as part of an effort to raise $1,000,000.
Robert Garner, CEO, stated, "The receipt of $350,000 will allow the Company to begin efforts to increase the oil and gas production of our current wells and start to focus on our best alternatives for new drilling."
XsunX, Inc. (OTCBB: XSNX -
http://finance.yahoo.com/q?s=XSNX.OB ) XsunX, Inc., developer of Power Glass(tm) -- an innovative solar technology that allows glass windows to produce electricity from the power of the sun, announced that the design of its mass production systems for the manufacture of its proprietary Power Glass photovoltaic ''PV'' films will provide for modular expansion capabilities.
The system design will provide for production capacities of as little as 1 megawatt annually while maintaining expansion capabilities, allowing manufacturers to ramp up to meet increasing production requirements incrementally through 20 megawatts or more.
The Company believes that this modular approach may best suit the needs of manufacturers and their markets as the demand for building integrated PV increases.
The core design is based on a patented multi-chamber cluster tool approach using cassettes to control or handle rolls of thin plastic films. The rolls of material (transparent plastic films) are loaded into the cassettes and robotically moved between chambers or stations. Layers of transparent semiconductor and conducting materials are deposited onto the plastics in a manner which prevents cross contamination between chambers to achieve high performance, semi-transparent, large area solar cell devices. The system design allows for co-joining of cluster tool systems and hence, increased output, which can be a limiting factor in conventional in-line systems.
The modular cluster design may also provide manufacturers additional advantages such as reduced facility costs due to the smaller footprint size of systems, added redundancy allowing production throughput to continue even when a processing chamber fails, reductions in material costs through the use of inexpensive plastics, and the reduction of processing gases which further reduces material costs. ''The goal for us has been to not only focus on the design of new applications and form factors for solar technologies, but to also provide efficient manufacturing methods necessary to establish commercial viability for our technology,'' stated Tom Djokovich, XsunX's CEO.
The Company is working to complete the design and engineering process and anticipates moving into the manufacturing process of its first cluster system prior to the end of the year. During this time, XsunX is continuing to refine, enhance, and develop additional aspects of its solar cell design and manufacturing process.
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