Cyclone Power Technologies, Inc.
Cyclone Power Technologies, Inc.
New York & Florida-June 30th, 2011
Cyclone Power Technologies, Inc. (“CYPW” or the “Company”), is a publicly traded U.S. based company. The Company today announced the first closing of a financing rendered through Sandgrain Securities as part of a larger financing to further capitalize the Company and offer expansion capital. “I am very pleased to announce the closing of a first financing. We are always excited to work with companies that have world class technology, especially if its “green” and in the area of alternative energy. Finally, I would like to thank Howard Gostfrand of American Capital Ventures for the introduction and Jack Zwick, a senior member of our Advisory Board for his efforts. We look forward to continuing to work with Jack, Howard and his Florida based PR\IR firm in the future.” Stated Mark I. Lev Chairman & CEO of Wellfleet Partners, Inc.
Cyclone Power Technologies, Inc. engages in the research and development of an eco-friendly external combustion engine technology in the United States. The company develops and holds rights of the Cyclone Engine, an eco-friendly clean engine that is used for various applications in the areas of small garden tools, electric power generators, automobiles, trucks, ships, and heavy construction equipment. Its Cyclone Engine is a heat-regenerative, external combustion, and Rankine cycle engine. The company intends to develop engines for license to manufacturers and other groups in various industries worldwide. Cyclone Power Technologies, Inc. was founded in 2004 and is based in Pompano Beach, Florida.
About Wellfleet Partners, Inc.
Wellfleet Partners, Inc. (Wellfleet), a thirteen and a half year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998. The Company’s emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting and corporate related activities to a broad range of public and private emerging small to medium sized growth companies. In addition, through subsidiaries and/or affiliates, it offers financial and brokerage services and money management as well and has strategic partnerships and offices in London, England, Ra’anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008. Wellfleet renders all of its fund raising and investment banking related activities through Sandgrain Securities, Inc., a registered FINRA broker-dealer primarily headquartered in New York. For more information, please go to www.wellfleetpartners.com; a quarterly newsletter and/or press releases available upon request.
Elephant Talk Communications. Inc.-$4,000,000 All Done
New York & Schiphol, The Netherlands- June 17, 2011
Elephant Talk Communications, Inc., (OTC.BB: “ETAK”) is principally a Holland based international telecommunications provider. Approximately a year ago, we, through Sandgrain Securities, did a bridge financing consisting of units comprised of common stock and two series of warrants to a future, larger financing which the company subsequently closed. The proceeds of our transaction were used for general working capital. The investors were compromised of several institutions, in particular Cedarview Capital and MKM Capital and various high net worth investors including the chairman of Wellfleet Partners, Inc. “We are very pleased to announce that now, a mere one year later, the last of the second series of Warrants were exercised and there has been 100% exercise from both series of Warrants and the Placement Agent Warrants. In totality our investors have invested approximately $4M into Elephant Talk Communications, Inc. and the stock remains approximately 300% above where we initially invested. I would like to acknowledge the efforts of the management of Elephant Talk Communications, Inc., in particular its Chairman Steven Van Der Veldon and his IR PR firm, Alliance Capital Advisors, and its Chairman/CEO Allen Sheinwald, for their tremendous performance since we met them.” stated Mark I. Lev Chairman & CEO of Wellfleet Partners, Inc.
Elephant Talk Communications, Inc. is an international provider of business software and services to the telecommunications and financial services industry. The Company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The Company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. Elephant Talk Communications, Inc. trades on NASDAQ under the symbol ETAK with a current price of approximately $2.00 per share and a market cap in excess of $120M. For more information visit http://www.elephanttalk.com
About Wellfleet Partners, Inc.
Wellfleet Partners, Inc. (Wellfleet), a thirteen and a half year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998. The Company’s emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting and corporate related activities to a broad range of public and private emerging small to medium sized growth companies. In addition, through its affiliate, it offers investment banking, financial and brokerage services and money management as well and has strategic partnerships and offices in London, England, Ra’anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008. Wellfleet renders all of its brokerage and investment banking related activities through Sandgrain Securities, Inc., an eighteen-year old registered FINRA broker-dealer primarily headquartered in New York. For more information, please go to www.wellfleetpartners.com; an updated/new brochure, quarterly newsletter and/or press releases available upon request.
WP’s Portfolio Company Achieves Milestone
Arava Power launches Israel’s first solar field
By SHARON UDASIN
06/05/2011 19:50
$2 billion plans cover the majority of Arava kibbutzim, one-third of Negev kibbutzim and five Beduin sites.
Arava Power Company launched Israel’s first solar field on Sunday evening – World Environment Day – and meanwhile announced a pipeline of over 400 megawatts worth of solar development in Israel’s South.
“Israel is in last place among industrial countries in solar energy development even though we should be leading the pack,” company co-founder and CEO Yosef Abramowitz told The Jerusalem Post, during an exclusive tour of the field a week prior to the launch. “At less than one percent [renewables], we are betraying our own energy security.”
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In front of ministers, Knesset members and industry colleagues and amid fireworks and music, Arava Power launched its mediumsized, 4.95-megawatt field at Kibbutz Ketura in the Arava Desert, which will begin providing electricity to three kibbutzim – Ketura, Lotan and Grofit, according to Abramowitz. Having spent a pre-college year-course at Ketura in the 1980s, Abramowitz returned there after making aliya from Massachusetts about five years ago and founded the company with fellow visionaries David Rosenblatt and Ed Hofland. The end result – after five years of back-andforth with 24 government offices – is an 80-duman, 18,500-panel field with a sundial mezuzah at its entrance gate.
“This is a down payment on the solar future of the State of Israel,” Abramowitz said that day.
“It’s a great feeling,” added co-founder Hofland, a resident of the Kibbutz. “Yosef came to my office about five years and suggested that we start this business, and David was there also – so the three of us started the business. I knew it wasn’t going to take one year – Yossi said that within one year we are going to build a field. And it told him it was going to take a lot longer than that. It was closer to five years now. And here it is.”
To Abramowitz, the five-year wait period was a “struggle” with various government offices for something “that should be normative to the country.
“It’s incredibly satisfying to reach this point and it is with a sense of mixed blessing that we’re here today because on the one hand we’re about to dedicate Israel’s first commercial solar field, and yet still we are struggling with the government in terms of having certainty in the entire solar industry,” he said.
In addition to launching the current medium-sized field at Sunday night’s ceremony, the company announced its new pipeline of over 400 megawatts worth of around 45 projects, which will includes solar apparatuses ranging from rooftop structures to large fields, mostly at locations in the South, Abramowitz told the Post.
The whole undertaking will amount to about $2 billion worth of investments and involves the majority of Arava kibbutzim, one-third of Negev kibbutzim and five Beduin solar sites, he explained.
“Every one of these is signed and sealed and we’re in the process of delivering,” Abramowitz said. “This will supply thousands of green jobs.”
Of the approximately 45 projects in the pipeline, 14 fields are currently ready to begin construction from a statutory perspective, which includes land permissions, according to Abramowitz.
“All we’re waiting and waiting and waiting for is the license to be approved. And then we can build very quickly,” he said, noting that the Ketura Sun field was built in only six months.
Both Arava Power and the other companies are vying for spots in Israel’s limited solar industry, which has strict caps on the amount of electricity production currently permitted, as well as gridlines that need to be upgraded, Abramowitz explained.
“There’s competition on the gridlines, so we choose our fields very carefully,” Abramowitz said, calling the process a “race” for spots on the gridline.
Meanwhile, there are 1,200 megawatts worth of applications for medium-sized fields currently, yet the government has currently set a nationwide cap of 300 megawatts for medium fields, according to Abramowitz. Large-scale fields, like the 40-megawatt field Arava Power is planning to erect on Ketura, across the street from the current field, have yet to receive the approval of the Finance Ministry.
Another problem, according to Abramowitz, is the “bottleneck at the Public Utility Authority, the regulator,” which currently has over 600 license applications for solar projects but is only approving between 16-20 each month.
“All the companies that have applied for licenses are losing a tremendous amount of money today, and some of them are in danger of going out of business because the regulator takes a year for what is supposed to be a 60- day process,” he said.
“It’s essentially a $20 billion market between now and 2020, and we’re announcing a $2 billion jumpstart,” Abramowitz added. “And the Treasury wants to freeze, block and cut? They’ve got to be kidding – where is the prime minister?”
Solar Power Project to Light Up Arava Next Week
June 11 06:09, by Chana Ya’ar (Israelnationalnews.com)
The first commercial solar panel field in the Middle East is set to light up the Arava next week at Kibbutz Ketura.
The Arava Power Company plans to throw the switch on the 4.95-megawatt power source at Ketura on Sunday, June 5.
Company officials have said the Ketura Sun field is expected to be connected to the country’s national electricity grid later in the summer. The solar panel field is comprised of 18,500 Suntech photovoltaic solar panels that produce a total of 9 million kilowatt hours of electricity per year.
The field, located some 50 kilometers north of Eilat, is expected to draw several high-powered personalities for the occasion. Included on the list will be National Infrastructures Minister Uzi Landau, Agriculture Minister Orit Noked, Mks Dr. Einat Wilf, Shlomo Molla and Eitan Cabel, along with hip-hop artist Shyne, and others.
“This first-of-its-kind field… will change the face of the energy sector in the country,” said David Rosenblatt, vice chairman and co-founder of the company, “on the condition that the government of Israel releases the caps which are currently in place.”
Another participant in the project is Siemens Project Ventures. “Ketura Sun is the first high power photovoltaic unit that we have set up together with Arava Power in Israel,” noted Johannes Schmidt, CEO Equity Investments & Project Finance of the firm’s Financial Services division. “The project is a perfect opportunity to position Siemens Project Ventures as a relaible and strong partner in the Israeli solar market and to further strengthen our environmental portfolio,” he pointed out.
In addition, Bank Hapoalim also played a large role in financing the project. Arava Power says it is hoping to provide up to 10 percent of the country’s electricity through alliances with populations throughout Israel’s southern regions.
IA Global Announces Appointment of Mark I. Lev, Wellfleet Partners, to its Board of Directors; Forms Mergers & Acquisitions Committee
SAN FRANCISCO–(BUSINESS WIRE)—IA Global, Inc. (OTCQB: IAGI.QB) (the “Company”), a global services and technology company, today announced that it has appointed investment industry veteran Mark I. Lev, Esq., Chairman and CEO of Wellfleet Partners, Inc. to its Board of Directors. Mr. Lev will chair the newly formed Mergers & Acquisitions Committee.
Mr. Lev has an established career in corporate finance, investment banking and law with over 27 year’s experience. After graduating law school, he worked as Corporate Counsel for Emanuel and Company in 1984 eventually becoming the Director of Investment Banking. He then went on to found Global Capital Group and Global Capital Securities, Inc., a publicly traded investment and merchant banking brokerage firm, serving as the Chief Executive Officer and Chairman. Upon the sale of his interest, he founded First Asset Management Inc. (“FAM”), a full service investment and merchant banking brokerage firm, where he served as the Chairman and Chief Executive Officer. During his tenure, FAM was involved in over $1 billion in funding through over 100 public offerings and over 200 Private Placements and/or Bridge Loans through 400+ Registered Representatives and 9 branch offices.
In 1998, Mr. Lev founded Wellfleet Partners, a boutique financial services and consulting firm located in New York City. Wellfleet provides small and mid-size emerging private and/or publicly traded national and international growth companies with operational, financial and strategic advisory services. Since its founding, Wellfleet has been engaged directly or through its affiliations, in a wide range of investment and merchant banking, venture capital, financial and strategic consulting services. In 2008, Mr. Lev and the employees of Wellfleet became affiliated with Sandgrain Securities, Inc. (“Sandgrain”), an established New York broker-dealer firm. Sandgrain is a FINRA/SIPC regulated financial services and brokerage firm. He concentrates all of his money management, brokerage and investment banking related activities at Sandgrain.
Mr. Lev holds a bachelors degree from Queens College of the City University of New York and a law degree from Boston University. He is a member of the American Bar Association and also holds Series 7 & 63 Securities Licenses.
Brian Hoekstra, CEO and Chairman, commented, “For the past 18 months, IA Global has been in the process of building a solid corporate foundation by putting the right people in place to grow organically and through strategic acquisitions. With this latest appointment, we have brought in a dynamic, business savvy leader while filling a gap on the investment banking and financing side. Mr. Lev has a wealth of knowledge and experience in areas such as corporate finance, mergers and acquisitions as well as strong relationships within our target markets. We expect that he will bring keen insight to our growth initiatives going forward”.
ABOUT IA GLOBAL INC.
IA Global is a global services and outsourcing company focused on growing existing businesses and expansion through global mergers and acquisitions. The Company is currently utilizing its business partnerships to acquire growth businesses in its target sectors and markets. The Company is also actively engaging businesses that would benefit from its business expertise, knowledge of Global Markets, and technology infrastructure.
Contact:
Investor Relations of IA Global, Inc.
415-946-8828
ir@iaglobalinc.com
or
American Capital Ventures
Howard Gostfrand, 305-918-7000
info@amcapventures.com
www.amcapventures.com
IA Global, Inc. Units of Common Stock and Series A Warrants
New York, Japan & London-May 2011
IA Global, Inc. (“IAGI” or the “Company”), is a publicly traded U.S. based global services and outsourcing company with subsidiaries in Japan and the U.K. The Company today announced the first closing of a financing rendered through Sandgrain Securities as part of a larger financing to further capitalize the Company and offer expansion capital.
“I am very pleased to announce the closing of a first financing for IA Global, a company in which the primary business activities are in Japan. We believe that the country’s resurgence from the recent Tsunami offers great opportunities for investment as Japan still remains the third largest economy in the world. This is our first financing involving Japan, and we believe that the Company’s strong management team as well as its newly enlarged advisory board will greatly benefit the company and its shareholders. Finally, I would like to thank Howard Gostfrand of American Capital Ventures for the introduction. We are excited to be working with his prestigious Florida based IR firm now and in the future. Also, I’d like to issue a warm welcome to Dr. Hank Ross and Kathryn Smith to the advisory board of IA Global. We are eager to see your contributions in the time ahead,” stated Mark I. Lev Chairman & CEO of Wellfleet Partners, Inc.
IA Global, Inc., a global services and outsourcing company, engages in leveraging its existing business through a merger and acquisition strategy in the Pacific Rim region. The company sells automotive parts over the Internet to approximately 728 car dealers, gas stations, and car maintenance shops in Japan. It also engages in the distribution and sale of video gaming hardware along with associated gaming software; and buying used hardware and software, and selling refurbished hardware and secondhand software. In addition, the company is involved in a custom home design and construction business for middle-class families in Himeji, Tatsuno, and Kakogawa, Japan. Further, it is involved in the sale, installation, and maintenance of telephone equipment; and purchase and resale of telephone call capacity to retail customers. The company was incorporated in 1998 and is headquartered in San Francisco, California.
About Wellfleet Partners, Inc.
Wellfleet Partners, Inc. (Wellfleet), a thirteen year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998. The Company’s emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting and corporate related activities to a broad range of public and private emerging small to medium sized growth companies. In addition, through subsidiaries and/or affiliates, it offers financial and brokerage services and money management as well and has strategic partnerships and offices in London, England, Ra’anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008. Wellfleet renders all of its fund raising and investment banking related activities through Sandgrain Securities, Inc., a registered FINRA broker-dealer primarily headquartered in New York. For more information, please go to www.wellfleetpartners.com; an updated/new brochure, quarterly newsletter and/or press releases available upon request.
Alan Fein, Esq. Wellfleet Banker, appointed to Plures Technologies, Inc. Board of Directors
NEW YORK — (MARKET WIRE) — 05/16/11 – Plures Technologies, Inc. (“Plures” or the “Company”) is very pleased to announce and welcome the appointment, effective immediately, of Mr. Alan Fein, esq. to the Company’s Board of Directors.
Mr. Fein is an Attorney and Managing Director of Wellfleet Partners, Inc. He conducts certain due diligence, sources financings and offers advisory services for prospective portfolio companies for Wellfleet. He specializes in international (with a focus on Israel and China) and medical, Bio-tech and technology related companies and transactions. Mr. Fein, besides conducting numerous due diligence on Israeli, Chinese and domestic companies, has successfully co-managed a family real estate management and investment business since 1986. Since 2000, Mr. Fein has also invested in various private equity financings and operated a private day trading business. Mr. Fein is a former registered securities representative and held Series 7, 63 and 55 licenses. Mr. Fein received a BBA degree in Finance from the City University of New York, Baruch College, in 1984, and graduated Fordham Law School in 1993.
In addition to Mr. Fein, Plures also announced the appointment of Joshua Gottlieb of Cedarview Capital, lead investor from the previously announced financings (see Press Release, dated April 1st, 2011).
About Plures Technologies, Inc.
The Company is an acquisition vehicle for Advanced Microsensors, Inc. (“AMS”), a Massachusetts based technology company that has to date, acted as a foundry for other products to date with solid intellectual property (IP) in the form of patents and proprietary processes. MEMS (Micro-Electro-Mechanical Systems (micro machines) technology, in the last decade, has matured into an $8 Billion market space. MEMS devices for example, operate the air bags in your auto, the microphone and compass in your cell phone or squirt the micro drops in your ink jet printer (to name a few). The MEMS industry is predicted to grow at least 25% per annum for the next five years. Spintronics (“Spin”- “Electronics”) is an emerging technology that uses a fundamental quantum property of the electron, its spin. Spintronics can set the spin up or down, and then read it at a later time turning the electron into a binary device. By being able to utilize the spin of electrons, it has been predicted that Spintronics will replace current semiconductor technology which is currently the basis for virtually all of the electronics revolution. Spintronics will lead to true Quantum Computers and will be able to overcome the limitations we currently face with conventional technologies.
About Wellfleet Partners, Inc.
Wellfleet Partners, Inc. (Wellfleet), a thirteen year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998. The Company’s emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting and corporate related activities to a broad range of public and private emerging small to medium sized growth companies. In addition, through subsidiaries and/or affiliates, it offers financial and brokerage services and money management as well and has strategic partnerships and offices in London, England, Ra’anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008. Wellfleet renders all of its fund raising and investment banking related activities through Sandgrain Securities, Inc., a registered FINRA broker-dealer primarily headquartered in New York. For more information, please go to www.wellfleetpartners.com; an updated/new brochure, quarterly newsletter and/or press releases available upon request.
Jack Zwick, Wellfleet Advisory Board Member, appointed to First China Board of Directors as Chairman of the Audit Committee
HONG KONG — (MARKET WIRE) — 05/10/11 — First China Pharmaceutical Group, Inc. (OTCBB: FCPG) (“First China” or the “Company”) is very pleased to announce and welcome the appointment, effective immediately, of Mr. Jack Zwick, CPA to the Company’s Board of Directors and to the position of audit committee chairman.
Mr. Zwick is a certified public accountant, and founder of IAPA member firm, Zwick & Banyai, PLLC, certified public accountants in Detroit, Michigan.
Mr. Zwick is a former managing partner of the metropolitan Detroit office of Laventhol & Horwath (an international CPA firm). He holds CPA certificates in Michigan, New York and Maryland and was promoted to partner at Laventhol & Horwath in 1973. Mr. Zwick became the managing partner of the Detroit office in 1982. He was also an executive director with Grant Thornton (an International CPA firm).
Over the years, Mr. Zwick has served clients in many industries, focusing on real estate, manufacturing, pharmaceutical, entertainment, recreation, sports franchises, depleting assets, as well as hospitality and service sector organizations. His expertise encompasses accounting and auditing services, especially pertaining to securities work including initial public offerings of corporations and public limited partnerships, plus tax consulting and litigation support.
Mr. Zwick holds a Bachelor of Arts degree in Accountancy and a Master’s of Science in Taxation (a specialty within the MBA program) from Wayne State University. He is a member of the American Institute of Certified Public Accountants and the Michigan Association of Certified Public Accountants and a member of Wayne State University’s Accounting Department Advisory Board. He currently is the Senior Vice President of finance of Sunrise Sports & Entertainment, LLC, owners of the Florida Panthers of the National Hockey League and is the CFO of American Bio Care, Inc. (a public company).
First China Pharmaceutical’s CEO Mr. Zhen Jiang Wang comments, “We are extremely pleased to welcome Mr. Zwick to our team. We look forward to working with him, as we are certain his years of experience will benefit us immensely. As the Company grows, so does our need for increased expertise in matters of governance, and in this regard we feel certain we will be ably served by Mr. Zwick.”
Details of the company’s business, finances, appointments and agreements can be found as part of the Company’s continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission’s (“SEC”) EDGAR database.
About First China Pharmaceutical Group, Inc. (OTCBB: FCPG) First China Pharmaceutical Group, Inc. aims to develop a high growth pharmaceutical distribution company generating significant revenue from the sale of healthcare products in China. As part of its business strategy, the Company has acquired the assets of Kun Ming Xin Yuan Tang Pharmacies Co. Ltd. (XYT), which includes a strategic advantage over its competitors as it is believed to be one of a limited number of pharmaceutical distribution companies in Yunnan Province that has obtained government approval to fulfill orders over the internet. First China Pharmaceutical Group plans to continue the rapid growth of the company from its current position as a provider of approximately 5,000 drugs to more than 4,700 pharmacies, hospitals and clinics in China’s Yunnan Province. For more information visit: www.firstchinapharma.com
Notice Regarding Forward-Looking Statements This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, regulatory incentives, the development of new business opportunities, and projected costs, revenue, profits and results operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
First China Pharmaceutical Group, Inc
Zhen Jiang Wang
Chairman and CEO
