Post by stevpot99 on Feb 23, 2005 8:15:58 GMT -5
otcstockexchange.com: Early Morning Stock Watch -- SPRL, PTSC, PRRM, BWDI
via COMTEX
February 23, 2005
Rochester, NY, Feb 23, 2005 (M2 PRESSWIRE via COMTEX) --
OTCStockExchange.com`s "Stock Watch Alert" this morning are Strat Petroleum, Ltd. (Pink Sheets: SPRL), Patriot Scientific Corporation (OTCBB: PTSC), Prime Rate Investors, Inc. (Pink Sheets: PRRM), Blue Wireless & Data, Inc. (OTCBB: BWDI).
Sign-up for a FREE trial our award winning newsletter at www.otcstockexchange.com !
Strat Petroleum, Ltd. (Pink Sheets: SPRL - finance.yahoo.com/q?s=SPRL.PK ) Strat Petroleum, Ltd. has completed an agreement with a Company in Russia called the Industrial Scientific Centre to establish a 50/50 joint venture, and 80% net profit interest to develop a field with significant reserves known as the Ementajevskoje oil site, the license to which is currently owned by the Industrial Scientific Centre. The field has proven reserves of over 11.25 million barrels of crude oil, and probable reserves of over 26.0 million barrels.
Tejas Corporate Partners' geologist and senior management, having reviewed the seismic and other data presented, immediately recommended that Strat's Management sign the joint venture agreement. In addition, an initial review of data on six other fields presented by the Industrial Scientific Center, has led Tejas' team to advise Strat to participate in the tendering process on three of the fields. These other fields are similar and/or larger in scope than the Ementajevskoje oil site, and may also include producing wells.
Three drilling sites have already been identified on the Ementajevskoje oil site which covers over 300 square kilometers, and Strat Management expects drilling to commence in the next 60-90 days. In the interim, a feasibility study will be conducted to confirm total potential reserves of the field, including costs and development plans. Expected investment will range between $2.0 and $2.5 million for 3 wells, which should produce in excess of 500bbls per day per well.
The Orenburg Region is a leading oil and gas producer. Exploration has revealed over 140 oil and gas deposits. Proven reserves of oil exceed 963.1 million barrels, while gas estimates are 28.23 trillion Btu. The region has an estimated 40 to 50 years of commercially exploitable natural gas reserves.
Orenburg currently produces between 63.5 and 64.3 million barrels of crude oil.
Only about 1% of proven reserves have been extracted which not only leaves significant quantities yet to be extracted but large tracts of land still untested.
Strat Petroleum, Ltd.'s strategy is to enhance shareholder value through the acquisition of oil & gas properties with proven reserves or producing/capped wells. Should you wish any additional information on our projects or management team, please visit our website at www.stratpetroleum.com or contact our Investor Relations office. Due to the volume of interest we will make every effort to respond as promptly as possible.
Patriot Scientific Corporation (OTCBB: PTSC - finance.yahoo.com/q?s=PTSC.OB ) Patriot Scientific Corporation announced today that AMD (NYSE: AMD) has purchased restricted shares from PTSC, obtained rights to manufacture and sell the PTSC IGNITE 32-bit stack microprocessor and obtained rights to the "ShBoom" microprocessor patent portfolio in its entirety. AMD is the first company to license the "ShBoom" microprocessor portfolio from PTSC. Terms of the agreements are confidential.
Jeff Wallin, CEO of PTSC, said, "Our agreements with AMD represent a watershed moment for PTSC. We're confident that our patent portfolio will benefit both companies for many years to come."
Harry Wolin, senior vice president and general counsel for AMD, said, "We are pleased with the outcome of our negotiations with PTSC and look forward to our ongoing relationship."
About Patriot Scientific
Patriot Scientific is an intellectual property company, developing and marketing innovative and proprietary semiconductor technologies into the fast- growing handheld wireless and smart card markets. The company's portfolio of patents encompasses what is believed to be fundamental microprocessor technology and includes additional patents pending to protect its technology and architecture.
Prime Rate Investors, Inc. (Pink Sheets: PRRM - finance.yahoo.com/q?s=PRRM.PK ) Prime Rate Investors, Inc. announced that its subsidiary, High Angle Media, Inc., will participate in the 2005-06 "Mountain Top Ski and Snowboard Series," syndicated nationwide by New Visions Syndications of Aspen, Colorado. Specially formatted episodes of High Angle Media's "Backcountry TV" were part of this year's Mountain Top series; each episode has reached over 67 million total potential viewing households in the U.S. Additionally, episodes were shown on US Airways Inflight Entertainment Network on all international Atlantic flights into the U.S. to nearly 200,000 passengers. The "Mountain Top Ski and Snowboard Series" airs on broadcast and cable network affiliates of major networks including ABC, NBC, CBS, and Fox throughout the nation.
Next year's series will begin airing Sept. 1, 2005. "We are thrilled to continue our relationship with New Visions Syndications," commented High Angle Media Sales Manager Jamie Morris. "Through the nature of its widespread syndication, the series is an excellent venue to build brand awareness of both Backcountry TV and High Angle Media productions. It also provides a platform for DVD sales and the nationwide exposure for our advertisers and show sponsors has been tremendous," he concluded.
PRIME RATE INVESTORS is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. The company's strategic relationships with multi-faceted, outdoor sports entities allow it to offer diverse advertising solutions to businesses seeking multi-media exposure.
Its wholly owned subsidiaries include Stowe TV-10 and Adirondack TV-33, RSN affiliate broadcast companies, and High Angle Media, Inc., a video production company. The Company also manages RSN affiliates Sugarbush TV-12 and Smugg's TV-9.
via COMTEX
February 23, 2005
Rochester, NY, Feb 23, 2005 (M2 PRESSWIRE via COMTEX) --
OTCStockExchange.com`s "Stock Watch Alert" this morning are Strat Petroleum, Ltd. (Pink Sheets: SPRL), Patriot Scientific Corporation (OTCBB: PTSC), Prime Rate Investors, Inc. (Pink Sheets: PRRM), Blue Wireless & Data, Inc. (OTCBB: BWDI).
Sign-up for a FREE trial our award winning newsletter at www.otcstockexchange.com !
Strat Petroleum, Ltd. (Pink Sheets: SPRL - finance.yahoo.com/q?s=SPRL.PK ) Strat Petroleum, Ltd. has completed an agreement with a Company in Russia called the Industrial Scientific Centre to establish a 50/50 joint venture, and 80% net profit interest to develop a field with significant reserves known as the Ementajevskoje oil site, the license to which is currently owned by the Industrial Scientific Centre. The field has proven reserves of over 11.25 million barrels of crude oil, and probable reserves of over 26.0 million barrels.
Tejas Corporate Partners' geologist and senior management, having reviewed the seismic and other data presented, immediately recommended that Strat's Management sign the joint venture agreement. In addition, an initial review of data on six other fields presented by the Industrial Scientific Center, has led Tejas' team to advise Strat to participate in the tendering process on three of the fields. These other fields are similar and/or larger in scope than the Ementajevskoje oil site, and may also include producing wells.
Three drilling sites have already been identified on the Ementajevskoje oil site which covers over 300 square kilometers, and Strat Management expects drilling to commence in the next 60-90 days. In the interim, a feasibility study will be conducted to confirm total potential reserves of the field, including costs and development plans. Expected investment will range between $2.0 and $2.5 million for 3 wells, which should produce in excess of 500bbls per day per well.
The Orenburg Region is a leading oil and gas producer. Exploration has revealed over 140 oil and gas deposits. Proven reserves of oil exceed 963.1 million barrels, while gas estimates are 28.23 trillion Btu. The region has an estimated 40 to 50 years of commercially exploitable natural gas reserves.
Orenburg currently produces between 63.5 and 64.3 million barrels of crude oil.
Only about 1% of proven reserves have been extracted which not only leaves significant quantities yet to be extracted but large tracts of land still untested.
Strat Petroleum, Ltd.'s strategy is to enhance shareholder value through the acquisition of oil & gas properties with proven reserves or producing/capped wells. Should you wish any additional information on our projects or management team, please visit our website at www.stratpetroleum.com or contact our Investor Relations office. Due to the volume of interest we will make every effort to respond as promptly as possible.
Patriot Scientific Corporation (OTCBB: PTSC - finance.yahoo.com/q?s=PTSC.OB ) Patriot Scientific Corporation announced today that AMD (NYSE: AMD) has purchased restricted shares from PTSC, obtained rights to manufacture and sell the PTSC IGNITE 32-bit stack microprocessor and obtained rights to the "ShBoom" microprocessor patent portfolio in its entirety. AMD is the first company to license the "ShBoom" microprocessor portfolio from PTSC. Terms of the agreements are confidential.
Jeff Wallin, CEO of PTSC, said, "Our agreements with AMD represent a watershed moment for PTSC. We're confident that our patent portfolio will benefit both companies for many years to come."
Harry Wolin, senior vice president and general counsel for AMD, said, "We are pleased with the outcome of our negotiations with PTSC and look forward to our ongoing relationship."
About Patriot Scientific
Patriot Scientific is an intellectual property company, developing and marketing innovative and proprietary semiconductor technologies into the fast- growing handheld wireless and smart card markets. The company's portfolio of patents encompasses what is believed to be fundamental microprocessor technology and includes additional patents pending to protect its technology and architecture.
Prime Rate Investors, Inc. (Pink Sheets: PRRM - finance.yahoo.com/q?s=PRRM.PK ) Prime Rate Investors, Inc. announced that its subsidiary, High Angle Media, Inc., will participate in the 2005-06 "Mountain Top Ski and Snowboard Series," syndicated nationwide by New Visions Syndications of Aspen, Colorado. Specially formatted episodes of High Angle Media's "Backcountry TV" were part of this year's Mountain Top series; each episode has reached over 67 million total potential viewing households in the U.S. Additionally, episodes were shown on US Airways Inflight Entertainment Network on all international Atlantic flights into the U.S. to nearly 200,000 passengers. The "Mountain Top Ski and Snowboard Series" airs on broadcast and cable network affiliates of major networks including ABC, NBC, CBS, and Fox throughout the nation.
Next year's series will begin airing Sept. 1, 2005. "We are thrilled to continue our relationship with New Visions Syndications," commented High Angle Media Sales Manager Jamie Morris. "Through the nature of its widespread syndication, the series is an excellent venue to build brand awareness of both Backcountry TV and High Angle Media productions. It also provides a platform for DVD sales and the nationwide exposure for our advertisers and show sponsors has been tremendous," he concluded.
PRIME RATE INVESTORS is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. The company's strategic relationships with multi-faceted, outdoor sports entities allow it to offer diverse advertising solutions to businesses seeking multi-media exposure.
Its wholly owned subsidiaries include Stowe TV-10 and Adirondack TV-33, RSN affiliate broadcast companies, and High Angle Media, Inc., a video production company. The Company also manages RSN affiliates Sugarbush TV-12 and Smugg's TV-9.