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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?


To: Ga Bard who wrote (6062)6/3/1999 2:12:00 AM
From: Ga Bard  Respond to of 9440
 
(OTC BB: CYAA) News ... CyberAmerica Corp. Announces Consummation of Innovative Property Development Corp.'s Acquisition of China Mall Inc.
SALT LAKE CITY--(BUSINESS WIRE)--June 2, 1999--Innovative Property Development Corp. (''CHML''), a non-reporting public company traded on the OTC Bulletin Board under the symbol ''CHML'' has changed its name to ChinaMallUSA.com Inc. to reflect its acquisition of China Mall Inc., a Delaware corporation (''China Mall'').

CHML had been a subsidiary of CyberAmerica Corp. (OTC BB: CYAA) until its purchase by China Acquisition Corp.

CYAA received a total of $250,000 cash as a fee for services and expenses related to the transfer of CHML to China Acquisition Corporation. CYAA retained 400,000 shares of common stock in CHML after the transfer.

Diversified Holdings I Inc. (''DHI'') a subsidiary of CYAA had previously acquired the majority of the assets of CHML in exchange for 982,528 shares of the common stock of CHML and 222,220 shares of the common stock of DHI. DHI also received 94,093 Shares of Class A preferred stock in Diversified China Properties Inc., a subsidiary of CHML.

China Mall is an Internet company that provides Internet marketing, selling, information and web leasing designed for the primary purpose of facilitating trade between the United States and China. For more information on China Mall's and its services, please visit www.chinamallusa.com.

A number of statements contained in this press release are forward-looking statements which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that the CHML may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.

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Contact:

CyberAmerica Corp.
Richard Surber, 801/575-8073
Fax, 801/575-8092



To: Ga Bard who wrote (6062)6/3/1999 2:18:00 AM
From: Ga Bard  Respond to of 9440
 
(OTC BB:KMGG), Kaleidoscope Mini-Series, Shaka Zulu to Air On Network Television
NEW YORK--(BUSINESS WIRE)--June 2, 1999--Kaleidoscope Media Group, Inc., (OTC BB:KMGG), in association with Global Entertainment Productions B.V. and Victory Media Group announced that SHAKA ZULU: THE CITADEL has completed principal photography and will be available to air in the United States on broadcast television in February 2000, according to Henry Siegel, Chairman and CEO of KMG and Guido De Angelis, Executive Producer of the mini-series.

The four-hour mini-series is an update of the highly successful syndicated mini-series of the mid-eighties. The new version, shot on location in Morocco, was written and directed by Joshua Sinclair. The mini-series relates the continuing adventures of Shaka Zulu the legendary South African warrior king. Henry Cele reprises his role as Shaka and is joined in this film by David Hasselhoff, Karen Allen, Grace Jones, James Fox, Ken Marshall and Omar Sharif.

General Motors, the world's largest company, has agreed to sponsor this very important and prestigious project. GM expects SHAKA ZULU to generate a large audience for the U.S. television broadcast event, which is likely to air during Black History Month, February 2000.

''This mini-series will be a broadcast event much in the same way as the ground-breaking 'Roots.' It's going to be the biggest epic of the new season, with international stars, feature quality production values and the kind of compelling, larger than life story that will appeal across all demographics,'' said Siegel.

Victory Media Group, finances, produces and markets since 1991 more than 200 hours of prime time, animation and family entertainment. Global is a Netherlands based Production Company, which in collaboration with TPI Italy has produced 173 hours of prime time entertainment to date.

Kaleidoscope Media Group, Inc. is a vertically integrated sports and entertainment company with offices in New York and Los Angeles. Its operating company is SeaGull Entertainment.

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Contact:

Kaleidoscope Media Group Inc., New York
Henry Siegel, 212/757-0700



To: Ga Bard who wrote (6062)6/3/1999 2:19:00 AM
From: Ga Bard  Respond to of 9440
 
(OTC : ARXA - news), ARXA Announces Engagement of Engineers and Accountants
GULFPORT, Miss., June 2 /PRNewswire/ -- Norris R. Harris, President and CEO of ARXA (OTC Bulletin Board: ARXA - news), announced that Hein & Associates LLP has agreed to continue as auditors and that it has been mutually agreed to change the year end to Sept. 30, 1999. Simultaneously, Mr. Harris announced the engagement of the highly respected firm, Netherland, Sewell & Associates of Dallas to be the company's engineering firm. Netherland, Sewell & Associates will evaluate all of the assets which are vended into ARXA by Gulfport Oil & Gas Inc. and other oil and gas companies and will help ARXA's staff determine the optimum location for the first new well to be drilled on the John's Field in Rankin County, MS.

Mr. Harris further announced that ARXA's overhead has been reduced to the cost of the accountants and auditors and the office lease in Houston, TX. for which a sub-tenant will be found. Gulfport will pay for the cost of the management and technical support and remaining ARXA overhead until the contemplated public offering is completed; at which time ARXA will become fully staffed and will pay its own expenses.

The company is reviewing the technical data on all of its oil and gas prospects and is negotiating a contract for a modern seismic crew which will shoot 3-D seismic on four prospects in Mississippi. Bids are being solicited for a drilling program to begin this autumn. ARXA will keep a maximum of fifty percent in any drilling deal and bring in partners on a promoted basis for the remainder. The emphasis will be on deep exploration in the onshore area of Mississippi.

For further information contact Jack R. Durland, Jr. at 228-864-6667.

This press release contains forward-looking statements, such as future development activity. ARXA notes that there are a variety of factors that could cause the actual results to differ materially from the anticipated results expressed.




To: Ga Bard who wrote (6062)6/3/1999 2:20:00 AM
From: Ga Bard  Respond to of 9440
 
(OTC : CARA - news) Caraco Sales Momentum Expected to Continue
Company Awaits FDA Approval of Four Drugs
DETROIT, June 2 /PRNewswire/ -- Caraco Pharmaceutical Laboratories, Ltd. (OTC Bulletin Board: CARA - news) sales are expected to maintain their strong momentum for the year, Narendra N. Borkar, Chief Executive Officer, told shareholders at the Company's annual meeting here today.

The Company's sales rose 205% to $2.7 million last year, and jumped 63% to $879,446 for the first quarter of 1999. The first quarter also marked the Company's fifth consecutive quarterly sales rise and third consecutive quarterly gross profit.

Mr. Borkar noted the Company has 25 generic drugs under active development, including four pending FDA approval. The Company's Detroit R&D department comprises 12 pharmaceutical researchers, and another 26 researchers are working to develop Caraco products at a Sun Pharmaceutical Industries R&D Center in Bombay, India. Sun owns 39.8% of Caraco's outstanding common stock.

Shareholders re-elected two directors -- David W. Adamany, Ph.D., 62, and David A. Hagelstein, 57 -- to three-year terms. Dr. Adamany was President of Wayne State University and now serves as interim CEO of Detroit Public Schools. Mr. Hagelstein manages his real estate and business investments and is a consultant to several pharmaceutical and medical companies.

The other directors are Dilip S. Shanghvi, 43, and Sudhir Valia, 42, both of Bombay, India, and both affiliated with Sun Pharmaceutical Industries; Narendra N. Borkar, 58, Caraco's CEO; Phyllis Harrison-Ross, M.D., 62, a practicing community mental health professional; and Jay F. Joliat, 42, who is Chairman, President and CEO of Joliat & Company, a private investment firm, and Chairman, CEO and Treasurer of Sign of the Beefcarver Restaurants, Inc., and CEO of Bad Frog International, the franchise company for Bad Frog Taverns.

Detroit-based Caraco Pharmaceutical Laboratories, Ltd., develops, manufactures and distributes generic and private-label prescription drugs to the nation's largest wholesalers and distributors, drugstore chains and healthcare systems.




To: Ga Bard who wrote (6062)6/3/1999 2:22:00 AM
From: Ga Bard  Respond to of 9440
 
(OTC : SFAD - news) Safe Technologies International, Inc., (SFAD) Announces 'Cybermalls Castle' is replete with Versace Treasures
PALM BEACH, Fla., June 2 /PRNewswire/ -- Safe Technologies International, Inc., (OTC Bulletin Board: SFAD - news) announced today that its wholly owned subsidiary's E-Commerce web site -- INCYBERMALL.COM featuring CYBERMALLS CASTLE, filled with upmarket products for ''the rich and famous,'' has added the product line of the world famous Versace China and Glassware to the castle's unusual offerings for sale.

Gianni Versace, the recently deceased renowned fashion couturier, has designed an exciting, new-look for dinnerware, stemware, and cutlery for connoisseurs wishing to present the most luxurious and dramatic dining environments. Ingeniously blending the historical and the ultra modern, the individual setting pieces come across as timeless works of art to be admired and passed from generation to generation. Versace's china and glassware line has joined forces with the prestigious Rosenthal china company of Seib, Germany, ensuring continued manufacturing of the pieces with the highest quality of precious materials and masterly craftsmanship.

Brad Tolley, Vice President of SFAD Investor Relations, said, ''Cybermalls Castle, created in actual room vignettes, is filled with gorgeous custom furniture pieces, especially manufactured for large rooms, and one-of-a-kind accessories and products. Now, global shoppers will have easy access to locating and purchasing the unique Versace china and glassware.

''Cybermalls Castle is continually adding new high-end product lines with the conviction that browsers searching for high-quality items online will now have the convenience of looking no further than the 'castle.' Cybermalls Castle, currently offering over 300 products via e-business technologies, secure electronic payments and order fulfillment, can be seen at INCYBERMALL.COM.''

Forward-Looking Statements: Except for the historical information contained herein, this news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of l934, as amended, that may involve risks and uncertainties, including those relating to the availability of suitable financial resources, the availability of management, unproven market for SFAD's products and services as well as other risks detailed from time to time in the Company's SEC reports, including reports on Form 10KSB for the year ended December 31, 1998.




To: Ga Bard who wrote (6062)6/3/1999 2:25:00 AM
From: Ga Bard  Respond to of 9440
 
(OTCBB: HVAR - news) Havana Republic Opened Third and Largest Emporium / Club On May 28
WESTON, Fla.--(BUSINESS WIRE)--June 2, 1999--Havana Republic (OTCBB: HVAR - news) announced today that on Friday, May 28, 1999, it opened its third and largest emporium to date in the shops of Sunset Place, the hottest new development in South Florida. The store opened to huge crowds over the holiday weekend.

Commenting on the announcement, Stephen Schatzman, President of Havana Republic said, ''We were very well received by the thousands of customers who visited our store over the holiday weekend. We are extremely satisfied with the response and look forward to our third emporium being a great success.''

Havana Republic is a vertically integrated company which operates cigar plantations and factories in Jalapa, Nicaragua as well as upscale cigar emporiums and clubs.

Forward-looking statements in this release are made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in filings with the Securities and Exchange Commission.

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Contact:

Havana Republic
Stephen Schatzman
President
954/384-6333
or
The Pinnacle Group
Mark Cohen
516/773-2477