Stock Alerts For July 1, 2010 -- Glowpoint, Inc. (OTCBB: GLOW), Strategic American Oil Corporation (OTCBB: SGCA), China Crescent Enterprises, Inc. (OTCBB: CCTR), Vidaroo Corporation (OTCBB: VIDA): Sign Up Today!
(M2 PressWIRE Via Acquire Media NewsEdge) www.OTCtipReporter.com Stock Alerts For July 1, 2010 -- Glowpoint, Inc. (OTCBB: GLOW), Strategic American Oil Corporation (OTCBB: SGCA), China Crescent Enterprises, Inc. (OTCBB: CCTR), Vidaroo Corporation (OTCBB: VIDA)
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Unified Communication Industry Veterans Join Glowpoint's Leadership Team Anil Balani and Shane Bouslough Bring Combined 37 Years of Unmatched Experience to Company
HILLSIDE, N.J., June 29, 2010 -- Glowpoint, Inc. (OTCBB: GLOW), a global provider of managed services for telepresence and video conferencing, today announced two additions to the Glowpoint management team, both of whom are focused on the company's technology advancement efforts. Anil Balani joins Glowpoint as Senior Vice President, Product Development; and Shane Bouslough as Vice President, Information Systems. Both executives have previous experience building and managing technology in the unified communications sector, and will play critical roles in driving Glowpoint's service portfolio in the rapidly expanding telepresence and video conferencing market.
Balani will be overseeing all aspects of R&D and product management with a primary focus on advancing Glowpoint's hosted, cloud-based platform delivering global open access to a full suite of managed video services across unified communications technologies and networks. Bouslough will be focused on the company's system and operational support development initiatives, as well as sales channel support systems.
Joe Laezza, Glowpoint's President and Co-CEO, said, "The addition of these two veterans underscores the company's commitment to maintain a leadership position and build upon a solid foundation into the new era of video. We feel very fortunate to have these renowned technologists become part of our senior management team. Their experience and knowledge is unmatched, and I'm truly thrilled to be working with them."
Both men bring extensive unified communications industry and cloud-based applications design expertise to Glowpoint. Balani has more than 17 years experience in convergent technologies, voice over IP, and video over IP at established technology companies and startup ventures. He has held several leadership roles in product and software development, as well as systems architecture and engineering at UTC Associates, Global Crossing, AT&T/Teleport, and Texas Instruments. Balani also founded several companies, including Vonair, Netria Systems (a Broadsoft joint venture), and Coreon. Throughout his career, Balani has been instrumental in developing mobility and collaborative applications, building a nationwide IP network, launching one of the first integrated voice-and-data services, and developing crucial defense applications. He earned his B.S. from New York University, his B.E.E. from Cooper Union, his M.S. and M.S.E.E. from Southern Methodist University, and his M.B.A. from University of Dallas.
Bouslough also has a noteworthy history in the technology industry with more than 20 years experience in the development and management of enterprise-class information systems. Throughout his career, Bouslough successfully managed the construction and operation of critical systems such as IVR, OSS/BSS, billing and call detail record mediation, channel sales partner portals, and help desk and network operations center applications. Prior to joining Glowpoint, Bouslough held senior engineering and management positions at Periphonics Corp. and InfoHighway Communications. Additionally, he founded a successful Long Island-based Internet Service Provider. Bouslough obtained his B.S. in Computer Science from New York Institute of Technology and his M.S. in Computer Science from State University of New York at Stony Brook.
"I've been involved with Glowpoint for the past year as an advisor, as well as having faced them as a competitor through a previous engagement. One thing is certain, I am excited to be on this side of the competition now," said Balani. "My objective is to deliver on an aggressive and disruptive product road map which positions Glowpoint to capitalize on the viral adoption of video in the unified communications space."
Bouslough said, "Joining Glowpoint is especially exciting for me, considering the opportunity to build upon a solid operational foundation with global channels in place. I see the significant potential in the video communications industry as it rapidly evolves into the unified communications space and have many initiatives to help take the company to the next level of support and scale for our clients and partner community."
* Glowpoint's Managed Services
* Glowpoint on Twitter
About Glowpoint Glowpoint, Inc. (OTCBB: GLOW) provides carrier-grade, managed telepresence and video communications services that are accessible via its cloud-based, hosted infrastructure, and open architecture applications. Glowpoint's suite of robust telepresence and video conferencing solutions empowers enterprises to communicate with each other over disparate networks and technology platforms. Glowpoint supports thousands of video communications systems, in more than 35 countries, with its 24/7 video management services. Glowpoint also powers major broadcasters, Fortune 500 companies, as well as global carriers and video equipment manufacturers - and their customers - worldwide. To learn more, visit http://www.glowpoint.com.
Strategic American Oil Corporation Appoints Jeremy Driver to Board of Directors
CORPUS CHRISTI, Texas, June 30, 2010 -- Strategic American Oil Corporation (OTCBB: SGCA) (the "Company") is pleased to announce it has appointed Jeremy Driver to the Board of Directors of the Company, effective June 29, 2010.
Jeremy Driver joined Strategic American Oil Corporation on December 01, 2009 as President and CEO with a solid background in upstream oil and gas, specifically in Texas and Louisiana. Mr. Driver has brought proven experience, leadership and professional skills to a growing company.
Randall Reneau, Chairman, stated, "Jeremy has shown great leadership skills and has enforced our vision with his hard work, dedication, and strategic planning. During his short tenure to date, the Company has increased production, began drilling its first in-house developed prospect, and expanded its corporate presence throughout America. It is great to have Jeremy further his involvement with Strategic American Oil by joining the Board of Directors."
"I am very pleased to be joining the Strategic American Oil Board," said Mr. Driver. "We have had an exciting first six months together and I look forward to building additional shareholder value by increasing production, reserves, and cash flow. That has and will continue to be my goal as Chief Executive Officer, and it will be my goal as a Director."
About Strategic American Oil Corporation
Strategic American Oil Corporation (OTCBB: SGCA) is an exploration and development company with operations in Texas, Louisiana, and Illinois. The Company draws on an internationally recognized team of geologists, engineers and executives with extensive oil and gas exploration and production experience. The Company's objective is to find and acquire oil and gas projects of merit and develop those projects to their full potential.
Safe Harbor Statements
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect," "is expected," "anticipates" or "does not anticipate," "plans," "estimates" or "intends," or stating that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labour disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.
(CCTR) China Crescent Announces Webcast Review of $0.0516 Target PPS 'Speculative Buy' and Summertime Standout Potential
DALLAS, TX July 1, 2010 -- China Crescent Enterprises, Inc. (OTCBB: CCTR) today posted a Webcast presentation reviewing the independent analyst research update issued from Prime Equity Research (PER) earlier this week. PER's update reiterates its 'Speculative Buy' rating with a new price target of $0.0516 per share for China Crescent.
The independent analyst initiated coverage on the Company in March of this year. Since that time, China Crescent has filed its 2009 annual results and first quarter 2010 report. China Crescent is a systems integration service provider of brand name technologies and reported $45 million in profitable annual revenue in 2009. China Crescent recently reported a more than 100% increase in first quarter revenue to nearly $15 million compared to the same period in 2009. Notably, net income increased more than 480% to approximately $657,000 versus the same period in 2009. The Company's recent expansion into additional lines of business in China, including outsourcing services and original design manufacturing (ODM), has contributed to the growth. The research update provides a review of Company progress since PER initiated research coverage on the Company, to include review of acquisitions and geographic expansion plans.
The independent analyst with Prime Equity Research is a CFA (Chartered Financial Analyst ) charterholder. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott. China Crescent engaged the analyst and paid for the services prior to any recommendation rating or price target to ensure objective research.
A link to the Webcast is now available on the corporate website www.chinacrescent.com under Recent Webcasts or directly at http://www.chinacrescent.com/wcpr_20100701.htm.
Sign Up to Receive Regular China Crescent Investor Updates
China Crescent sends regular email updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage (www.chinacrescent.com). Recipients can manage their own email contact profile and safely unsubscribe at any time.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. Following a strategic acquisition last year, the Company expanded its business line to include original design manufacturing (ODM). China Crescent reported $45 million in profitable revenue in 2009 after reporting over $40 million in revenue for both 2007 and 2008 and has set a goal of reaching $100 million in revenue in 2010.
Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause China Crescent's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Vidaroo Goes Country! Selected to Provide Video Production for Grammy Winning Artist Keith Urban, Summer Lovin' 2010 Tour ORLANDO, Fla., June 29, 2010 -- Vidaroo Corporation (OTCBB:VIDA) announced today that it was selected by world renowned Grammy winning artist Keith Urban to provide creative visual elements and video production for the Summer Lovin' 2010 Tour which has launched for next show to be July 08, 2010 at the Cavendish Beach Music Festival in Canada at time of this release.
"Working once again with Marc Brickman and newly with the people involved in the Keith Urban tour is incredibly rewarding for us. Marc's team of course is first class, but this is our first real taste of country on this scale, and it was a creative challenge for us. But it was fun none the less and the results are going to be great for the audience," Production Director Ian McDaniel states.
Vidaroo provided creative design and digital video elements for the tour which was already in progress, but the creative minds behind the show knew visually there could be more. Vidaroo was both excited and honored they thought of us as a solution. The Keith Urban 2010 Summer Lovin' Tour has scheduled shows across the United States and Canada on sale now.
"The fact that Vidaroo was chosen to work with the Summer Lovin' tour and Marc Brickman came back to us again is a testament to our effectiveness."
"We are honored that Vidaroo was chosen to bring the Summer Lovin' Tour to life in video for Keith Urban fans worldwide," says Mark Argneti, CEO of Vidaroo. "The continued level of service to our customers in the live concert video arena is always a priority, and we are extremely proud of our work and the clients we serve."
About Vidaroo Corporation
Vidaroo Corporation is a video technology company that provides the best-in-breed Online Video Platform, video production and advertising on its Online Video Network that reaches over 10 million visitors monthly. Vidaroo's Online Video Platform, Online Video Advertising Network and video production has earned the trust of a growing customer base including advertising agencies, iconic artists, media companies, organizations, businesses, and national brands such as Microsoft, Coca-Cola Company, Tribune News Company, Toyota, Emmis Communications, Clear Channel, Black Eyed Peas, Mary J. Blige, Britney Spears, Justin Timberlake and more. Vidaroo's Online Video Publishing Technology enables firms to easily create, deliver and monetize video and advertising delivery. vidaroo.com ________________________________________________________________________________
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