Friday, November 15, 2013

Biometric Stock Alert: NXT-ID, Inc. (OTCQB:NXTD) Reports Successful Application of MobileBio Voicematch(TM) Biometric Technology to Next Generation Digital Wallet, the Wocket(TM)

SHELTON, CT - November 14, 2013 (Investorideas.com Newswire) NXT-ID Inc. (OTCQB: NXTD), a biometrics company focused on the growing mobile commerce market, announced today that it has successfully ported its MobileBio Voicematch™ algorithm to its widely anticipated next generation payment and identity product -- the Wocket™.

The Wocket™ is a new class of biometrically secure mobile devices designed to bring the traditional wallet into the 21st century by providing the functionality of a wallet and incorporating a touch screen and a single dynamically programmable card to use for credit, debit and any other magnetic stripe functions.
"We are pleased we have surpassed this important milestone in the development of the Wocket™," says Gino Pereira, CEO of NXT-ID. "Authenticating users with our Voicematch™ speaker plus command recognition algorithm is a very convenient and user friendly way to use the Wocket™ while improving security over traditional authentication methods."
Voicematch™ is a key multi-factor biometric technology and a major building block of NXT-IDs MobileBio mobile and wearable identity technologies that bring full control and protection of private data to authenticated owners of the data.
"We are pleased with the continued development of the Wocket™," says David Tunnell, CTO of NXT-ID. "Our approach eliminates the need for passwords by authenticating identity in a natural way for users. With Voicematch™, users can simply ask for a user-defined name of a card and the Wocket™ then automatically programs the NXTCard with the card of their choice."
The company reported that it had successfully developed its Voicematch™ algorithm on November 4th, which was ahead of schedule. The multi-platform technology will run on mobile platforms such as Android and iOS, as well as laptops and desktops.
The company will be issuing an update and video of successful demonstrations of its Voicematch™ algorithm technology on Smartphone platforms in the near future.
About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID, Inc.'s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms. NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/
Forward-Looking Statements for NXT-ID
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
Contact:
Corporate info: info@nxt-id.com
Investor Relations
Kirin Smith
ProActive Capital Group
Direct: 646 863 6519
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: November 2013 :Investorideas is compensated by NXTD: five thousand per month for news publication and syndication and is long 144 shares from previous services
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Thursday, November 14, 2013

Frac Water Stock Alert: HII Technologies, Inc. (OTCBB/OTCQB: HIIT) Announces Third Quarter 2013 Financial Results

HOUSTON - November 14, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, today announced financial results for the third quarter ended September 30, 2013.

As stated in the Company's Quarterly Report on Form 10-Q filed on November 14, 2013, third quarter 2013 revenues were $3,931,716, which generated a gross profit of $1,136,887. For the nine months ended September 30, 2013, revenues were $9,767,926 and gross profit was $2,534,307. Increased revenues came from continued growth of AES Water Solutions' frac water transfer business and additional revenue contributions from our South Texas Power and AES Safety Services divisions which were launched in late December 2012 and January 2013, respectively. For comparison, our revenues on a consolidated pro forma basis for the three and nine month periods ended September 30, 2012 (including revenues of the Company's wholly-owned subsidiary AES Water Solutions which was acquired in September 2012) were $438,682 and $1,424,790, respectively. Accordingly, this represents revenue growth of more than 796% for the third quarter 2013, and 585% for the nine months ended September 30, 2013 from the pro forma consolidated comparable periods in 2012.
For the third quarter ended September 30, 2013, the Company had Adjusted EBITDAS of approximately $78,161, (EBITDAS defined as earnings before interest, taxes, depreciation, amortization, non-cash stock option expenses, and one-time or non-operational expense items), a non-GAAP measure. A reconciliation table of the Adjusted EBITDAS is provided below. The Net Loss for the third quarter 2013 was $175,211. The EBITDAS results were driven by increased revenues and improved sequential quarter to quarter gross margins offset by costs associated with new technology development and the expenses associated with organic territory expansion particularly in West Texas and the Permian Basin.
Regarding the Balance Sheet, total Current Assets grew from $1,743,568 at December 31, 2012 to $2,901,681 at September 30, 2013. Net Equipment increased from $537,881 at December 31, 2012 to $674,990 at September 30, 2013. This increase resulted primarily from the sale of our truck fleet and establishment of a national light-duty truck operating lease line program offset by the purchase of new flow back equipment to expand our services offered. Total Assets grew from $4,182,551 at year end 2012 to $5,533,473 at September 30, 2013. Total Liabilities grew from $3,311,580 to $4,716,250 for the same period which included $1,436,273 outstanding on a new $2 million revolving line of credit closed during the second quarter 2013. Prior to establishing our line of credit, most of our growth had been funded from existing cash flow. The line of credit provides additional liquidity to the Company as needed.
"AES continued to grow as a result of the increasing demand and operations for our frac water flow back and water transfer services," stated Brent Mulliniks, President of AES Water Solutions. Mr. Mulliniks continued, "We have expanded our services with new technologies including forming a strategic alliance with CRS Reprocessing, a global fluids reprocessing management company. This technology alliance will broaden and enhance the services provided by AES Water Solutions in the area of its water and fluids remediation business."
Matthew Flemming, CEO of HII Technologies stated, "Strong revenue continues to grow across all three divisions of Water, Safety and Power validating our strategy of focusing on core oilfield market segments where demand is anticipated to remain from horizontal drilling and hydraulic fracturing. Our management team, field people and reliable oilfield equipment should continue to fuel organic growth in our focused areas. While the Company can not give any assurances, we look forward to deploying new technologies for our operating units and additional acquisitions to fuel our future growth."
Third Quarter 2013 Statement of Operations
The table below sets forth the summary of the Company's Statement of Operations for the third quarter ended September 30, 2013 (in thousands):
Investorideas.com Newswire The full discussion of the Company's financial results are available within the Company's Quarterly Report on Form 10-Q filed November 14, 2013.
Adjusted EBITDAS Reconciliation Table
The following is a reconciliation of income from continuing operations attributable to the Company as presented in accordance with United States generally accepted accounting principles (GAAP) to EBITDAS.
Investorideas.com Newswire For more information, management's analysis of its financial information and the Company's risk factors, please read the Company's Quarterly Reports on Form 10-Q and its 2012 Annual Report on Form 10-K at the Edgar web site at www.SEC.gov and www.HIITinc.com.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services it offers its customers. The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2013. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157.
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
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Mining Stock Alert: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Q3, 2013 Financial Results Cash Flow from Operations of $7.1 Million ($0.07 Per Share) Net Earnings $3.71 Million ($0.03 Per Share)

Vancouver, British Columbia - November 14, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) ("SilverCrest" or the "Company") is pleased to announce its financial results for the third quarter ended September 30, 2013. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements for the three and nine months ended September 30, 2013 and associated management discussion and analysis ("MD&A") which are available from the Company's website at www.silvercrestmines.com and under the Company's profile on SEDAR at www.sedar.com.

N. Eric Fier, President and COO stated; "During Q3, despite sustained lower metal prices, SilverCrest generated strong positive cash flows and net earnings. Our free cash flow continues to be reinvested at Santa Elena as capital expenditures for the expansion plan with $14.4m invested in Q3. Management continues to focus on improving operating performance and profit margins especially in light of the new mining taxes currently being legislated in Mexico. We remain on track to achieve or better our cost guidance of $8.50 per silver equivalent ounce and production guidance of 2.44 million ounces of silver equivalent (Ag:Au 55:1)."
FINANCIAL HIGHLIGHTS OF Q3, 2013, Compared to Q3, 2012:
  • Cash flow from operations (1) decreased 30% to $7.1 million ($0.07 per share).
  • Cash operating cost per silver equivalent ounce sold (2) increased 5% to $7.96.
  • All-in sustaining cash costs per silver equivalent ounce sold (3) decreased by 23% to $10.41.
  • Revenues reported - IFRS (4) decreased 18% to $13.7 million.
  • Sales of 204,947 ounces of silver, another quarterly record, were up 35%.
  • Sales of 7,522 ounces of gold were down 5%.
  • Realized metal prices for ounces sold - silver price fell 31% to $22/oz and gold price fell 21% to $1,346/oz.
  • Bullion inventory at September 30, 2013, included 53,131 ounces of silver and 1,819 ounces of gold.
  • Net earnings amounted to $3.71 million ($0.03 per share), compared to $1.26 million ($0.01 per share).
  • Cash and cash equivalents totaled $24.1 million (at September 30, 2013) after capital investments of $14.4 million.
  • Working capital was $30.9 million at September 30, 2013.
COMPARISON OF THE THREE MONTHS ENDED SEPTEMBER 30, 2013 to SEPTEMBER 30, 2012;
Net earnings were $3,705,318 ($0.03 per share basic) for the third quarter compared with $1,263,316 ($0.01 per share basic) in 2012. The increase in net earnings during the quarter was primarily driven by the elimination of the marked-to- market derivative impact from Hedge Facility deliveries and lower income taxes in the period, partially offset by a decrease in revenue resulting from significantly lower realized prices and lower gold sales.
Silver and gold revenue totaled $13,669,133 (2012 - $16,694,752) in the third quarter, which includes $13,104,527 (2012 - $15,469,381) received on a cash basis.
Silver sales were another quarterly record of 204,947 ounces (2012 - 152,088), 35% higher than the same period in 2012. The foregoing, combined with a 31% lower average realized price at $22 (2012 - $31) per ounce, resulted in 7% less silver revenue.
Total gold sales were 7,522 ounces (2012 - 7,923) or 5% below 2012. The Company sold 6,017 (2012 - 5,423) ounces of gold at an average realized price of $1,346 (2012 - $1,707) per ounce, a 21% decline in realized price resulting in 13% less gold revenue. The Company delivered 1,504 gold ounces (2012 - 1,585) under the Sandstorm Gold Ltd. Purchase Agreement at $350 per ounce.
Cost of sales amounted to $5,293,749 (2012 - $4,239,773). Cash cost per silver equivalent ounce sold amounted to $7.96, Ag:Au(2) 61.2:1 (2012 - $7.60, Ag:Au(2) 51.3:1). The increase in 2013 cash cost per silver equivalent ounce sold is driven generally by higher operating costs with increases in mining contractor costs, higher crusher operating costs due to decreased throughput attributed to the effects of the rainy season, and annual salary and benefit increases for mine site personnel.
General and administrative expenses increased by 5% to $1,125,084 (2012 - $1,070,468) primarily due to an increase in remuneration, professional fees and Mexico corporate expenses. Remuneration increased by 23% to $465,050 (2012 - $379,081) with the addition of new corporate personnel in Q1, 2013, and increased compensation for management and other employees effective January, 2013. Professional fees increased by 51% to $158,231 (2012 - $104,803) due to additional legal fees relating to various corporate matters. Mexico corporate expenses increased by 75% to $177,318 (2012 - $101,056), with additional tax and legal expenses.
Deferred tax expense amounted to $663,000 (2012 - $189,000), primarily due to recognizing an income tax deduction on 2013 Santa Elena exploration drilling and related costs, which resulted in reducing the Mexican tax basis compared with the financial statement carrying book value.
Exchange gain on translation to US Dollars amounted to $459,247 (2012 - $949,838) due to the strengthening in the third quarter of the Canadian dollar against the US dollar. The financial results of the Company's Canadian operations were translated at US$1.00 = CAD$1.0512 at June 30, 2013 and US$1.00 = CAD$1.0285 at September 30, 2013.
Investorideas.com Newswire
(1) Cash flow from operations before changes in working capital items. This is a Non-IFRS performance measure.
(2) Silver equivalent ("AgEq") ounces consist of the number of ounces of silver sold plus the number of ounces of gold sold multiplied by the ratio of the spot gold price to the spot silver price at the quarter end dates (Q3 2013; 61.2:1, Q3 2012; 51.3:1).
(3) SilverCrest has started to report all-in sustaining cash costs effective Q2, 2013. All-in sustaining cash costs includes cost of sales, general and administrative expenses, sustaining capital and exploration expenditures at the Santa Elena Mine. This is a Non-IFRS performance measure.
(4) The MBL Hedging Facility was fully repaid in fiscal 2012, so this non-cash adjustment has now been eliminated.
NON-IFRS PERFORMANCE MEASURES
The discussion of financial results in this press release includes reference to "cash flows from operations before changes in working capital items", "cash operating cost per silver equivalent ounce sold" and "all-in cash cost per silver equivalent ounce sold", which are non-IFRS performance measures. The Company presents these measures to provide additional information regarding the Company's financial results and performance. Please refer to the Company's MD&A for the three and nine months ended September 30, 2013, for a reconciliation of these measures to reported IFRS results.
OUTLOOK
SANTA ELENA OPERATIONS
SilverCrest's immediate focus is to continue its efficient operation of its flagship Santa Elena low cost open pit silver and gold mine. Operations are running smoothly with open pit producing high grade benches with gold and silver grades reaching daily highs of 5.8 gpt and 175 gpt respectively. The Company is confident that it will achieve market guidance production costs of less than $8.50 per ounce AgEq and metal production for 2013 of 30,000 ounces of gold and 725,000 ounces of silver.
SANTA ELENA EXPANSION PLAN
Construction of the 3000 tpd conventional mill and facilities is proceeding according to schedule with the exception of delivery of the ball mill from the manufacturer. The mill is expected to arrive on site the last week of November resulting in a possible delay of initial start up until February. Production from the open pit heap leach portion of operations will continue until the mill is fully operational.
Underground development of the Santa Elena Main Zone is proceeding on schedule with development of the zone being established at several levels for the initial production stopes. Detailed mine plans are being finalized that will optimize grade and ore recovery.
CORPORATE
Mexico is pursuing changes to its tax laws that would impact the financial performance of the Company. Among several other tax changes and administrative proposals, the Mexican government intends to initiate a 0.5% royalty on gross revenues from the sale of gold and silver and a 7.5% royalty on earnings before interest, tax, depreciation and amortization ("EBITDA"). The Company is working with its tax and legal advisors to determine the ultimate impact of the changes in order to mitigate the overall impact.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, President and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal silver and gold producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day open pit heap leach facility at the Santa Elena mine should recover approximately 625,000 ounces of silver and 33,000 ounces of gold in 2013. Major expansion and construction of a 3000 tonnes per day conventional mill facility is underway to significantly increase metals production at the Santa Elena Mine (open pit and underground) by 2014. Exploration programs continue to make new discoveries at Santa Elena and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State with stated resources nearing 200 million ounces of Ag equivalent.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
N. Eric Fier
N. Eric Fier, President and COO
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761
info@silvercrestmines.com
www.silvercrestmines.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Wednesday, November 13, 2013

Investing in Transportation Infrastructure in Colombia; Why Colombia and Why now?

New York, Point Roberts, WA - November 13, 2013 (www.investorideas.com newswire) Investorideas.com, an investor research portal specializing in investing ideas for global investors, issues an insight into Colombia’s growing economy from The President of the National Infrastructure Agency, Mr. Luis Fernando Andrade. Mr. Andrade was recently a keynote speaker at Proexport Colombia’s event on October 22nd in Toronto where Canadian investors and business leaders had an opportunity to hear about the new infrastructure transformation underway in Colombia.

Canada's foreign direct investment has grown significantly since 2011 and this new infrastructure investment opportunity offers a new portfolio for some of Canada's larger investors. Some of the biggest pension funds were present to ask a series of proactive questions as they looked at investing in transportation infrastructure as a new venture. .
Canadian companies at the presentations included AECON, Anglo Andino Group, BMO Capital Markets, Borealis Infrastructure, Brookfield Infrastructure, Export Quebec, GMP Securities, Scotiabank, Ontario Teachers Pension Funds, with over twenty four in attendance.
Colombia's economy is currently the third largest in Central and South America and the twenty eighth largest in the world and its leaders are now taking aim at meeting the needs of the required infrastructure to accommodate this growth. In 2011 investment in infrastructure represented 1% of GDP. The objective is to reach 3% of GDP by 2014.
Colombia has set an ambitious goal of investment up to USD30 billion within the next 8 to 10 years. In terms of attracting foreign investment, Colombia has bragging rights to ranking sixth in the world and first in Latin America for investor protection, according to the World Bank. Currently the top four foreign investors in Colombia are Chile, Brazil, US and Netherlands.
Mr. Andrade said investment in roads represents one of the biggest opportunities in the new infrastructure plan. The structure for the investments will be Public-Private Partnerships, designed to attract private capital that sees the emerging opportunity in Colombia . They are offering investors a base rate of 13% plus inflation with a 25-30 year term.
"There will be an investment boom in road building" said Mr. Andrade. "There will also be projects in rail, ports and airports but in terms of dollar volumes the biggest amount is going to be in roads ." The goal for roads is 5200 Km of double lane roads.
The investors will be typically be engineering companies, construction companies and pension funds.
The scope of the projects will include design, rehabilitation, construction and/or improvement, operation and maintenance and financing.
Twenty five of the largest foreign developers are participating in a pre-qualification process. Guidelines for the investors include that the company or fund is required to show enough equity on the balance sheet for three times the equity needed for the project. Additionally the investor needs to show experience in Public-Private Partnerships. Other requirements include that the investors have raised debt equivalent to the debt required of the project and that the leverage ratio on the balance sheet be below 85%.
"We don't want companies over indebted during these projects " notes Mr. Andrade.
In closing Mr. Luis Fernando Andrade answered Investorideas.com question "for Canadian and global investors why Colombia and why now ". He told us "money is safe, investors get good returns, there is a long tradition of respecting contracts and we respect the rules of the game. "
About Proexport:
Proexport Colombia is the organization in charge of promoting Colombia as an international tourist destination, attracting foreign investment and fostering non-traditional exports.
Through their national and international office network, they provide support and comprehensive assistance to national entrepreneur, through offering services with the aim of facilitating the design and execution of its internationalization strategy, seeking the generation and tracking of business opportunities. To learn more about Proexport visit www.proexport.com.co
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Frac Water Stock Alert: HII Technologies, Inc. (HIIT) Announces Acquisition of Aqua Handling of Texas, LLC

HOUSTON - November 13, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia today announced it has acquired Aqua Handling of Texas LLC, an oilfield frac water transfer service company located in the Eagle Ford Shale area of South, Texas that operates under the name "AquaTex". The purchase price was $1.3 million consisting of $300,000 in cash, $500,000 in notes and 1,443,696 shares of the Company's common stock ($500,000 value based on the trailing 30-day average of the Company's common stock prior to closing).

AquaTex is engaged in the business of high volume water transfer services through above-ground mobile piping solutions with environmentally safe, no-leak systems designed to support the millions of gallons typically needed for hydraulic fracturing in hydrocarbon reservoirs. AquaTex's co-founder, Mr. Chris George, entered into a three year employment agreement in connection with the acquisition serving as General Manager and Vice President. Mr. George has extensive experience in the treatment, handling and logistics of frac water management. Previously, Mr. George served as Stallion Oilfield Services' Waterline Operations Manager for their Texas Water Transfer Division.
AquaTex has contracts with nationally recognized exploration & production companies in the Eagle Ford Shale and South Texas areas, which will augment the Company's existing customer base and is expected to result in additional revenues. For the nine months ended September 30, 2013, AquaTex's preliminary unaudited revenues and net income were approximately $1.6 million and $18,000, respectively, which included start-up costs. For the month of September 2013, AquaTex's preliminary unaudited revenues and net income were approximately $238,000 and $80,000, respectively.
"HII Technologies is pleased to bring on board AquaTex and Chris George's significant management expertise for our water transfer business," said Matt Flemming, HII Technologies' CEO. "We anticipate an increase in South Texas market share from this immediately accretive acquisition and anticipate growth through our customer cross-fertilization program now underway."
Mr. Brent Mulliniks, AES Water Solutions President, added, "AquaTex is an excellent acquisition for our existing water transfer business and will fit nicely with AES expanding our market share in the South Texas area. AquaTex has a good customer base some of which is strategic to our Company."
"AquaTex is excited to join with HII Technologies, and AES Water Solutions to be a part of the water group of the Company and to grow the water transfer and frac water treatment business" stated Chris George, AquaTex General Manager and Vice President. "With the assistance of HII Technologies and AES Water Solutions, we look forward to expanding our water management and treatment services in South Texas and benefiting from any future oilfield technologies the Company may commercialize."
The acquisition requires an audit of AquaTex financial statements for the period January through September 30, 2013 which will be reported in an Amendment to our Current Report on Form 8-K by January 25, 2014. The Company anticipates filing its Quarterly Report on Form 10-Q by November 14, 2013 which will not include results from AquaTex.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services it offers its customers. The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2013. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157.
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
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HIIT disclosure: March 2013: two thousand per month for profile and news publication, renewed August 2013: five hundred per month for news publication
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

The Wall Street Analyst Interviews CEO of Mobile Biometric Security Company, NXT-ID Inc (OTCQB: NXTD)

November 13, 2013 (Investorideas.com biometrics/ defense stocks newswire) The Wall Street Analyst features a CEO interview with NXT-ID, Inc., (NXTD: OTCQB) a biometrics company focused on the growing m-commerce market. Mr. Gino M. Pereira, Chief Executive Officer and Chief Financial Officer discusses how the time for biometrics has come of age and shares insight into the company’s portfolio of voice and facial recognition technology.

Audio interview : (note this audio interview is available for a limited time to listeners)
http://thewallstreetanalyzer.com/nxt-id-inc-otcqbnxtd-ceo-interview/
About NXT- ID Inc. -Mobile Security for a Mobile World
NXT-ID, Inc.'s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms. NXT-ID’ wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/
The Wall Street Analyst's staff of writers, analysts, publishers, producers, market researchers, and PR professionals aim to provide investors with the tools they need to make informed decisions on buying stock. Our staff is a mix of financial professionals and media savvy individuals whose experiences bring the best talent from both ends of the spectrum. On one hand our financial experience gives us the ability to identify promising, off the grid companies before they are uncovered by the rest of the market, and on the other hand our media experience allows us to produce interviews which appeal to a large audience because we provide a format in which more investors can understand a featured companies' upside. Our philosophy is to turn stock tickers into stories, ideas into headlines, and technical and financial data into easy to understand tidbits, easier to digest and therefore consumed by a larger audience. These interviews provide a jumping off point for investors to do further research into a prospective company. Our editorials seek to provide an out-of-the-box perspective found in few other financial sites.
Forward-Looking Statements for NXT-ID
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward- looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission
Contact Information
Contacts:
NXT-ID, Inc.
Corporate info: info@nxt-id.com, http://www.nxt-id.com/
Source - The Wall Street Analyst
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: November 1Investorideas has been compensated by NXTD: five thousand per. Investorideas.com is ling shares More info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country

Tuesday, November 12, 2013

Mobile Biometric Security Company NXT-ID Inc (OTCQB: NXTD) Featured in Mobile Identity Infrastructure Research Report

Shelton, CT - November 12, 2013 (Investorideas.com biometrics/ defense stocks newswire) NXT-ID, Inc., (NXTD: OTCQB) a biometrics company focused on the growing m-commerce market was featured in a research report published today by ResearchMoz.us, entitled, "Mobile Identity Infrastructure, Applications, and Services Market 2014-2019: Industry Size, Share, Growth, Trends and Forecast Research Report."

The report notes that "Mobile identity infrastructure market will grow at a CAGR of nearly 17% over the next five years eventually accounting for nearly USD 12 Billion in revenues by the end of 2019."
Companies in this report include Centrify, Facebook (FB), Google (GOOG), Groupon (GRPN), Marketo, NXT-ID (OTCQB: NXTD), TeleSign, Valimo, Vodafone (VOD).
See full report:
http://www.prweb.com/releases/2013/11/prweb11324328.htm
About NXT- ID Inc. -Mobile Security for a Mobile World
NXT-ID, Inc.'s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms. NXT-ID’ wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/
Published at Investorideas.com
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Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: November 1Investorideas has been compensated by NXTD: five thousand per. Investorideas.com is ling shares More info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
Contact Information
Contacts:
NXT-ID, Inc.
Corporate info: info@nxt-id.com, http://www.nxt-id.com/
Source Investorideas.com

Mobile Identity Infrastructure, Companies in this Report : Facebook (FB), Google (GOOG), Groupon (GRPN), NXT-ID (OTCQB:NXTD),Vodafone (VOD)

Albany, NY - November 12, 2013 (Investorideas.com Newswire) The ability to leverage network assets, such as the Subscriber Database Management (SDM) system, and the potential for incremental revenue from third-parties such as credit bureaus, banks, and credit card companies, makes mobile identity a high priority service for carriers worldwide. Mind commerce thus expects that mobile identity infrastructure market will grow at a CAGR of nearly 17% over the next five years eventually accounting for nearly USD 12 Billion in revenues by the end of 2019.

Browse full report: http://www.researchmoz.us.
Driven by the growing surge for mobile interactions, mobile commerce and online digital purchasing, carriers worldwide are investing in mobile identity infrastructure as an economically efficient solution fraud detection/prevention and identity theft issues.
This report provides an in-depth assessment of the Mobile Identity application market, including business models, market drivers, challenges, value chain analysis, operator and vendor strategies, and a quantitative assessment of the industry from 2014 to 2019.
The report covers the following topics:
Technology Review: A review of the underlying technology supporting mobile identity and fraud management solutions
A review of mobile identity applications deployments: A review of major mobile commerce identity solution deployments by carriers and vendors worldwide
Carrier Strategies: An analysis of how carriers will position themselves to capitalize on mobile identity opportunity in the next generation networks and LTE.
Case Studies: Use Cases for Mobile ID : Banking/Finance examples
Market Analysis and Forecasts: A global and regional assessment of the market size and forecasts for the mobile identity market from 2014 to 2019
Mobile identity Industry Roadmap 2014 - 2019: An analysis of the roadmap for the industry from 2014 to 2019
Browse all mind commerce publishing Market Research Reports
Key Findings:
Mind Commerce predicts a ten-fold increase in mobile data traffic between 2014 and 2019, leading to increased need for mobile identity
Mobile Banking and mobile commerce (payments, shopping, loan applications) are major applications for mobile identity solutions
The US region will lead the market from a regional perspective that will account for nearly USD 21%of the market by 2019
Questions Answered in Report:
Which vendors are leading the market?
How is the industry's value chain structured?
What are the major mobile identity applications?
What benefit does mobile identity bring to carriers?
How much will the mobile identity markets be worth in 2019?
What will be the regional outlook for revenue in the mobile identity market?
What benefits do mobile identity deployments bring to mobile commerce vendors?
View All Telecommunications Market Research Reports & Industry Analysis
Target Audience:
Financial institutions
Mobile network operators
Mobile commerce providers
Law enforcement authorities
Managed telecom service providers
Device, OS, and application suppliers
Companies in Report:
Centrify
Facebook
Google
Groupon
Marketo
NXT-ID
TeleSign
Valimo
Vodafone
Related Reports
The Small Cells, WiFi, DAS, Cloud RAN & HetNet Datasheet: 2014 - 2020
Click here to download detailed report.
Small cells, carrier WiFi, DAS and Cloud RAN infrastructure investments will account for a $42 Billion HetNet ecosystem by 2020. Small cells and carrier WiFi deployments are expected to carry more than 60% of all mobile network data traffic by 2020, which will account for $352 Billion in mobile data service revenue. At present, the small cells and carrier WiFi infrastructure value chain is highly fragmented with ‘pure-play’ vendors and incumbent macrocell vendors battling to gain a higher share of the market. SNS Research expects the value chain to consolidate over the coming years following several future acquisitions such as the recent acquisition of Ubiquisys by Cisco.
Mobile VAS Company and Solution Analysis: OnMobile
Click here to download detailed report.
Mobile Value Added Services (VAS) applications are provided within telecommunications as a means of creating customer "stickiness" while adding top line revenue and improved margins. The mobile VAS marketplace is dynamic, driven by handset OEMs, network operators, content owners, and MVAS innovators such as OnMobile. Originally incubated by Infosys, the company offers a wide range of products and services, which are evaluated in this report. Already a market leader in India , the company is poised to gain market share in other areas.
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
Website@ http://www.researchmoz.us
Email: sales(at)researchmoz(dot)us
Browse Blog - http://latestmarketstudy.blogspot.com/.

Renewable Energy Stock Alert: Solar Wind Energy Tower, Inc. (SWET) Extends Rights to Develop Energy Downdraft Towers in Rajasthan, India

ANNAPOLIS, MD - November 12, 2013 (Investorideas.com renewable energy stocks newswire) Solar Wind Energy Tower, Inc. (OTCQB: SWET) (the "Company"), the inventor of a large Solar Wind Downdraft Tower structure capable of producing abundant, inexpensive electricity, announced today that it has entered into a Memorandum of Understanding with Monsoon Global Group, LLC, which grants Monsoon Global a "Exclusivity Period" for rights to license trade secrets, patents, and knowledge from Solar Wind Energy. During the "Exclusivity Period" Monsoon has the exclusive right to "hold itself out in Rajasthan, India" to enter into long term "Definitive Agreement" with Solar Wind Energy to use the rights to develop Solar Wind Energy Downdraft Towers in Rajasthan, India.

Under the "Definitive Agreement " Solar Wind Energy will provide technical support and personnel to advise and assist Monsoon Global Group in project development, design, procurement, construction and the operation of a Tower Facility. Solar Wind Energy will also assist Monsoon Global Group with the technical and feasibility studies as well as presentations necessary for proposals to various Government of India Ministries and potential project participants. The Memorandum of Understanding outlines terms of the license fee for the territory of Rajasthan as well as specific royalties and fees for each Tower Facility within the territory.
Ronald Pickett, CEO, Solar Wind Energy Tower, Inc. commented: "We are pleased to have formed this relationship with Monsoon Global. We have worked diligently for over three years assembling the team, techniques, and knowhow to enable this clean alternative energy solution to be brought to market. Our business plan has always been to enable developers to materialize projects across the globe where weather conditions are most suitable. Rajasthan, India has one of these 'most suitable' environments to host our Towers and India certainly needs the power."
About Solar Wind Energy, Inc.
Solar Wind Energy, Inc. ("Solar Wind Energy"), a wholly owned subsidiary of Solar Wind Energy Tower, Inc., was established to utilize proven and validated scientific principles, combining them with state of the art construction systems to enable the development and commercialization of large Solar Wind Downdraft Tower structures that produce abundant, inexpensive electricity. Our Company's core objective and focus is to become a leading enabler of clean, efficient green energy to the world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions for tomorrow's electrical power needs. The Company intends to establish partnerships at home and abroad to propagate Tower Projects and meet the increasing global demand for electricity. The Company does not intend to own the projects. The business plan includes receiving license fees for territories, development fees during construction, and recurring royalty fees based on the actual kilowatt hours produced by the Tower. Solar Wind Energy has assembled a team of experienced business professionals, engineering and scientific consultants with the proven ability to bring this solution to market. Solar Wind Energy has filed and been issued patents that the Company believes will further enhance this potentially revolutionary technology. Solar Wind Energy, Inc., based in Annapolis, MD, is traded on the OTCQB under the symbol 'SWET'. For more information visit www.solarwindenergytower.com
Innovative Renewable Hybrid Solar / Wind Energy Technology
We view ourselves as a hybrid solar/wind technology, reflected in the name, Solar Wind Energy Tower, Inc. The simplicity of our solution is comprised of harnessing the natural power of a downdraft created within the confines of our Solar Wind Downdraft Tower structure, a hollow cylinder reaching skyward into the hot, dry atmosphere heated by the solar rays of the sun. The water introduced by the injection system near the top of the Tower evaporates and is absorbed by the hot, dry air. The air becomes cooler, denser and heavier than the outside warmer air and falls through the cylinder at speeds up to and in excess of 50 mph and is diverted into wind tunnels surrounding the base of the Tower where turbines inside the tunnels power generators to produce electricity.
Abundant, Clean, Affordable Electricity Production
The Company has successfully managed to economize the Tower, reducing capital costs and improving projected financial performance. This development was made possible by utilizing our recently announced software which can calculate and predict energy production by our Solar Wind Downdraft Towers given local weather data. By feeding the weather data into the program, the Tower's height and diameter can be adjusted along with the amount of water added as fuel to create a desired amount of energy. The outcome dictates the optimum size of the Tower's height and width.
Under the most recent design specifications, the first San Luis Tower has a design capacity on an hourly basis, of up to 1,250 megawatt hours, gross. Due to lower capacities during winter days, the average hourly output per day for sale to the grid for the entire year is approximately 435 megawatt hours.
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking statements". Actual results may differ materially from those projected in forward-looking statements. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate revenues, if any, due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange Commission (SEC).
Contact:
Solar Wind Energy, Inc.
1997 Annapolis Exchange Parkway
Suite 300
Annapolis, Maryland 21401
Phone: 410-972-4713
E-mail: Info@swetower.com
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Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Disclosure: Investorideas.com was paid five hundred dollars for this news release distribution
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
800-665-0411 - Source - www.Investorideas.com