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Businessnewsnow.us: Stock News You Can Use
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:26062007
New York, NY - BusinessNewsNow's Morning News Highlights:
QED STORAGE, INC. (PINKSHEETS: GWOH); GS CARBON CORP. (OTCBB: GSCR); GS
ENERGY CORPORATION (OTCBB: GSEG); MITSUBISHI CORPORATION (PINKSHEETS:
MSBHY)
BusinessNewsNow.US is an affiliate of Stock Profiler.US. To receive
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http://www.stockprofiler.us.
QED STORAGE, INC. (PINKSHEETS: GWOH)
QED Storage, Inc. closed at $.70 Monday, up 16.6%, trading 12,500
shares.
Company News: June 25, 2007
QED Storage, Inc. announced that Omni Manager has already been
installed on over 120 computers in the ATS network infrastructure, with
an additional 50 seats to be added in the coming month. The web-based
service delivers a productivity boost for ATS' remote employees, who
provide passenger services, ramp handling, cargo services and aircraft
fueling in 37 airports in the U.S. and Canada. Key applications include
policy management and enforcement, web filtering and monitoring,
anti-virus, and application usage monitoring.
"As a company serving the aviation industry, it is critical that we
maximize employee efficiency to deliver quality services," said Pauline
Murphy, Manager of IT for Airport Terminal Services. "With hundreds of
computers spread across the U.S. and Canada, our IT staff faced a
significant challenge in enforcing acceptable use policies and
controlling Internet abuse. Omni Manager is a great tool for Internet
filtering and monitoring. It provides quick, at-a-glance reports on
sites that users are visiting or attempting to access, and I can easily
set or change policies for specific users or groups in real time. The
product is easy to install, configure and maintain, and we are also
very impressed with the high levels of service and support we've
received from QED staff."
About QED Storage, Inc. (PINKSHEETS: GWOH)
QED Storage is an innovative managed services provider for the
information security market. The company's mission is to make
enterprise-level security cost-effective and accessible for
organizations of all types and sizes, with a focus on the SMB,
departmental, educational and non-profit sectors. The company's
flagship offering, Omni Manager, reduces organizational security risks
and legal liabilities by providing 24x7 visibility, management and
control of wired and wireless IT networks and assets, regardless of
physical or geographic location. Omni Manager encompasses multiple
security applications in one hosted service, including e-mail and
Internet filtering, anti-virus, application usage monitoring, policy
management and enforcement, and reporting. For more information, please
visit the company's web site at www.qedstorage.com.
-------------------------------------------
GS CARBON CORP. (OTCBB: GSCR)
GS Carbon Corp. closed at $.021 Monday, trading 74,561,999 shares.
Company News: June 25, 2007
Seaway Capital, Inc. announced it has executed amended definitive
agreements to acquire GS Carbon Corp. (OTCBB: GSCR) from its
controlling shareholder, GreenShift Corporation. The transaction is
effective June 30th.
Seaway Capital, a growth equity and leveraged buyout company, has
agreed to assume up to $1.2 million in GSCR's legacy debt, and
GreenShift shall retain its current assets by transferring GS Carbon's
current investments, intellectual properties and R&D operating
subsidiaries to GS CleanTech Corporation (OTCBB: GSCT).
Seaway Capital (www.seawaycapital.com) was formed in 2002 as a merchant
banking company and controls significant stakes in various operating
companies. Shortly after the closing of the transaction, Seaway intends
to merge or have acquired into GSCR several of its holdings, including
that of WiseBuys Stores, Inc., ("WiseBuys") a big box retail chain it
founded in 2003 with former Ames Chairman and CEO, Joe Ettore, and
former BJ Wholesale executive, Joe LaChausse. WiseBuys
(www.wisebuysstores.com) currently has five (5) locations representing
approximately 230,000 square feet, and it has partnered with other
retailers such as Payless ShoeSource, Inc. and KB Toys to expand
rapidly in rural markets in primarily former Ames locations. WiseBuys
has generated store revenues of over $35 million since November 2003,
and, after a brief pause, is now aggressively seeking growth through
acquisitions and new store development.
This Seaway acquisition of WiseBuys is subject to completion of audits
of WiseBuys and is expected to close in July 2007. Seaway Capital is
seeking additional debt and equity investments in media, business
services, manufacturing, and technology companies.
GreenShift Chairman and CEO, Kevin Kreisler, stated "One of the goals
of our planned reorganization is to reduce overhead while we simplify
and rationalize our corporate structure. We feel that transferring
ownership of GS Carbon's current holdings to GS CleanTech and then
assisting GS Carbon in its completion of a material acquisition away
from GreenShift helps to accomplish this goal in a way that enhances
shareholder value for GreenShift's, GS Carbon's and GS CleanTech's
shareholders. Seaway has an experienced management team with a track
record for finding and cultivating successful investments and creating
value for its shareholders, and we feel that their planned WiseBuys
transaction and strategy moving forward have great potential."
About Seaway Capital, Inc.
Seaway Capital, Inc. ("SCI") was formed in 2002 and makes equity and
equity-related investments in companies that require expansion capital
and in companies pursuing acquisition strategies. SCI also seeks
investments in leveraged buyouts and restructurings. Seaway Capital
will consider investment opportunities in a number of different
industries, including retail, media, business services, and
manufacturing. SCI will also consider select technology investments.
About GreenShift Corporation
GreenShift Corporation develops and supports clean technologies and
companies that facilitate the efficient use of natural resources.
GreenShift's ambition is to catalyze the rapid realization of
disruptive environmental gains by creating valuable opportunities for a
great many people and companies to use resources more efficiently and
to be more profitable. Additional information on GreenShift is
available online at www.greenshift.com.
About GS Carbon Corp. (OTCBB: GSCR)
GS Carbon Corporation, through its wholly owned subsidiary, GS Carbon
Trading, Inc., focuses on trading renewable energy and energy
efficiency certificates, and carbon credits. It also holds minority
equity interests in Sterling Planet, Inc., which operates as a retail
renewable energy provider; TerraPass, Inc., which provides a service
that aids in eliminating personal vehicle contributions to global
warming; and in AirCycle Corporation, which offers recycling services
and transportation in North America. The company is based in Boca
Raton, Florida. GS Carbon Corporation is a subsidiary of GS Energy
Corporation.
-------------------------------------------
GS ENERGY CORPORATION (OTCBB: GSEG)
GS Energy Corporation closed at $.0012 Monday, trading 141,301,809
shares.
Company News: June 25, 2007
It was reported that GS Energy Corporation filed a Current Report, Form
8-K containing the following information:
Financial Statements and Exhibits Other Events
About GS Energy Corporation (OTCBB: GSEG)
GS Energy Corporation, based in New York, New York, through its
subsidiaries, operates as a specialty metal manufacturing company in
North America. The company produces customized automation and
processing equipment, as well as provides custom equipment
manufacturing services, including machine design, machine building,
control system electronics and programming, and maintenance support
services. GS Energy Corporation serves companies in bio-fuels,
automotive, electronics, lighting, plastics, rubber, and food products
industries. GS Energy Corporation is a subsidiary of GreenShift
Corporation (OTCBB: GSHF).
-------------------------------------------
MITSUBISHI CORPORATION (PINKSHEETS: MSBHY)
Mitsubishi Corporation closed at $53.30 Monday, trading 347,225 shares.
Company News: June 25, 2007
It was reported that SDIC Zhonglu Fruit Juice Co., Ltd. (SDIC Zhonglu,
SHSE: 600962), a leading concentrated fruit and vegetable juice
producer of China, announced on June 21 that it will exercise private
placement on State Development & Investment Corporation (SDIC), the
largest State-owned investment holding company of China, and Mitsubishi
Corporation, the strategic investor.
Earlier, SDIC Zhonglu was approved by the board of directors to issue
not more than 50 million shares privately, but requires that SDIC must
take at least one third of the total shares after the private placement.
Thereafter, all of the proceeds will used in associated projects with
its juice business. In detail, SDIC Zhonglu will spend CNY 97.34
million in building a new fruit and vegetable juice project in Hebei
Province, fund about CNY 45 million in expanding the apple juice
project in Yingkou, and finance CNY 18 million in rebuilding the sewage
treatment project.
Moreover, to acquire 2-to-3 similar projects will cost about CNY 210
million, construction of the package production line will need CNY 6.96
million and a material base will demand another CNY 10 million, with
the rest CNY 50 million used as current capital.
About Mitsubishi Corporation (PINKSHEETS: MSBHY)
Mitsubishi Corp. is a general trading company engaged in the import,
export and wholesale of various products. Co.'s products include
internet services, financial services, IT solutions, all forms of
carbon and hydrocarbon products, ferrous metals, non-ferrous metals,
gas/petroleum equipment and steel-making equipment, automobiles and
automobile machines and parts, containers, elevators, railroad
carriages, agricultural machinery, construction equipment, waste water
treatment equipment, chemicals, fiber and foods. In fiscal 2003, Co.'s
net sales rose 0.63% over fiscal 2002. More information can be found
at: www.mitsubishi.com.jp
--------------------------------------------
The companies that are discussed in this opinion have not approved the
statements made in this opinion. This opinion contains forward-looking
statements that involve risks and uncertainties. This material is for
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has not been compensated for services rendered; BusinessNewsNow.US is
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