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The Safest Bet in Town! (OTC Bulletin Board: BLTA), (OTCBB: PROT), (OTC Bulletin Board: LXUN)
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Baltia Air Lines Signs Agreement with EKN Financial Services
JAMAICA, N.Y., Aug 25, 2010
JFK INTERNATIONAL AIRPORT -- Baltia Air Lines, Inc. (OTC Bulletin Board: BLTA) announced today that it has entered into an agreement with EKN Financial Services, Inc. EKN Financial Services has committed to raise, on a best efforts basis, up to $4 million in private equity capital for Baltia Air Lines.
About Baltia Air Lines, Inc.
Baltia Air Lines, Inc. is a New York corporation with base of operations in Terminal 4 at JFK International Airport in New York. Today, after JetBlue and Virgin America, Baltia Air Lines is the only new start-up United States Part 121 (heavy jet operator) airline in existence that has received Department of Transportation approval. Baltia's goal is to become the leading U.S. airline in the trans-Atlantic market between the major U.S. cities and capital cities of Eastern Europe, including Russia, Latvia, Ukraine, and Belarus. Baltia intends to provide high quality three-class passenger service, and reliable cargo and mail transportation. Baltia plans to begin their foreign scheduled air transportation as the only U.S. airline, connecting directly, to two of the world's most prominent cities -- New York and St. Petersburg.
For more information on Baltia visit the company web site at: www.Baltia.com.
About EKN Financial Services, Inc.
EKN Financial Services, Inc. (EKN) is a New York based investment boutique designed to meet the varied needs of institutional and individual investors in today's highly volatile markets. It was founded by a team of Wall Street Professionals with more than three decades of financial experience. The firm is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SiPC).
EKN will typically facilitate debt and equity financing for emerging growth and medium sized companies seeking financing of up to $75 million. EKN's senior investment bankers have established relationships with a full array of Wall Street firms as well as private equity firms, senior and subordinated lenders and hedge funds, providing our clients with a broad range of financing options and solutions. Over the years EKN's senior bankers have raised over a billion dollars of capital for domestic and international companies via public and private equity and debt financing.
For more information on EKN visit the company website at www.eknstock.com.
D.O.T. Regulatory Disclaimer:
Baltia is a U.S. startup airline. No ticket sales are currently available. This service is subject to receipt of government operating authority.
Safe Harbor Disclaimer
Statements about Baltia Air Lines' future expectations, including without limitation, future revenues and earnings, plans and objectives for the future operations, future agreements, future economic performance, operations and all other statements in this press release other than historical facts are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Baltia Air Lines intends that such forward-looking statements be subject to the Safe Harbors created thereby. Since these statements involve risks and uncertainties, including but not limited to economic competitive, governmental, contractual and technological factors affecting Baltia Air Lines operations, markets and profitability, actual results could differ materially and adversely from the expected results.
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Proteonomix, Inc. (PROT) Plans European Investor Road Show
MOUNTAINSIDE, NJ, Aug 25, 2010
PROTEONOMIX, INC. (OTCBB: PROT), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, announced today that Mr. Michael Cohen, Chairman and CEO, is scheduling a multi-city European road trip to create additional awareness of the Proteonomix, Inc. investment opportunity to institutional investors.
Scheduled for early October, Mr. Cohen will discuss with sophisticated investors the recent contract to establish a joint venture with a group of investors that will establish a new stem cell treatment and research facility in the United Arab Emirates (U.A.E.). In addition, Mr. Cohen will discuss the opportunity to set up additional joint ventures in other countries using the U.A.E. arrangement as a model.
The recent contract calls for the joint venture partner to invest $5 million on or before September 10, 2010 in a Joint Venture company, XGEN Medical LLC. ("XGen"), a Nevis Island limited liability company. For additional details about the joint venture agreement, please refer to the August 17, 2010 press release.
"Proteonomix has made great strides recently," stated Mr. Cohen, "and we have been contacted by several European entities that have requested additional information about our proprietary stem cell activities. In recognition of the interest in Europe and the potential for additional joint venture agreements in various European countries, we recognize that it is propitious to meet with a number of the European institutional investors both to educate them on the intrinsic value of Proteonomix shares and garner interest in strategic relationships."
About Proteonomix, Inc.:
Proteonomix is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives. Proteoderm, Inc. is a wholly owned subsidiary of Proteonomix that has recently opened its retail web site, Proteoderm.com, and begun accepting pre-orders for its anti-aging line of skin care products. StromaCel, Inc.'s goal is the development therapeutic modalities for the treatment of Cardiovascular Disease (CVD). StromaCel, Inc. is pursuing the licensing of other technologies for therapeutic use. National Stem Cell, Inc. is Proteonomix's operating subsidiary. The Sperm Bank of New York, Inc. is a fully operational tissue bank. Proteonomix Regenerative Translational Medicine Institute, Inc. ("PRTMI") intends to focus on the translation of promising research in stem cell biology and cellular therapy to clinical applications of regenerative medicine. Proteonomix intends to create and dedicate a subsidiary to each of its technologies. Please also visit http://www.proteonomix.com/, http://www.proteoderm.com/, http://www.otcqb.com/ and http://www.sec.gov/.
Forward-looking statements
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Proteonomix, Inc. cautions that statements made in this press release constitute forward-looking statements and makes no guarantee of future performance. Actual results or developments may differ materially from projections. More specifically, the investment may never occur negating the agreement, product performance and/or side effects may necessitate termination of the joint venture, the implementation of the agreement may not succeed and inadequate or no business may develop causing the failure of the joint venture and there are inherent risks in foreign operations, particularly those in the Mideast. Forward-looking statements are based on estimates and opinions of management at the time statements are made.
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Lexicon United Announces Positive Earnings and Cash Flow for 2nd Quarter
AUSTIN, Texas, Aug 25, 2010
Lexicon United Incorporated (OTC Bulletin Board: LXUN) (the "Company"), a financial services holding company, announced today that it had achieved strong revenue growth and profitability and positive cash flow for its fiscal quarter ended June 30, 2010 and dramatically improved results for the first six months of the current fiscal year. The results include the Company's principal subsidiary, ATN Capital e Participacoes Ltd. ("ATN"), a Brazilian company specializing in debt recovery.
The Company recorded revenues of $1,314,065 in the second quarter of 2010, a gain of more than 41% over the comparable period the prior year. The Company has also achieved profitability for the second quarter of 2010 and is cash flow positive for both the second quarter and first six months of 2010.
"The achievement of this level of revenue growth, together with profitability and positive cash flow is a significant milestone for Lexicon. At the same time, we are aggressively pursuing a diversification strategy into the telecommunications industry with our previously-announced acquisition of Pathworks PCO of Florida and other potential acquisitions in that industry," said Jeffrey Nunez, Lexicon's Vice President.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Company's securities, nor shall there be any sale of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Lexicon United Incorporated
Lexicon United Inc. is a diversified holding company, whose holdings include companies specializing in collections and credit recovery. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
About ATN
ATN, the Company's principal subsidiary, is engaged in the business of managing and servicing accounts receivables for large financial institutions in Brazil and acquiring portfolios of debt assets for its own account. Revenues are primarily derived from collections related to distressed debt assets. Further information regarding ATN can be found at www.atncapital.com.br
About Pathworks PCO of Florida, Inc.
Pathworks PCO of Florida, Inc. is a provider of HD television, next generation Internet access, and carrier-class telephone services delivered via state-of-the-art fiber to the home networks. Pathworks' unique competitive advantage is its relationship with a major content provider of television, Internet and telephone content and bandwidth. Pathworks contracts with client community associations and planned residential communities to install fiber optic capital improvements at its cost in exchange for designation as the property's exclusive provider of multimedia and telecom services on a long term basis. Pathworks provides subscribers with access to over two hundred digital channels and world class HD television. Technology service and specialty sales offices are located in Naples, Ft. Myers and Tampa Florida. Contact: Media Relations.
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