Category Archives: OTC

Grillit, Inc. (GRLT: OTC Pink Current) | GRILLiT Franchise Marketing Initiative For The Southwest Kicks Off In Austin, Texas

MIAMI, Aug. 21, 2014 /PRNewswire/ — GRILLiT, Inc. (the “Company” or “GRILLiT”) (OTC Pink Markets: GRLT) announced that its southwestern United States master franchisee operator, Texas Expansion Wing Group, LLC, is beginning its franchise marketing campaign in Texas today, exhibiting at a major retail franchise forum.

Its debut exhibition event will commence today in Austin, Texas at the “Retail Live!” exclusive retailer expo, which can be found on the Internet at www.retaillive.com/location/austin.  This prestigious gathering features participation of hundreds of franchisors, retail developers, and other related industry professionals, who are instrumental decision-makers in acquiring and developing new franchise concepts.

“We are now prepared to aggressively roll out our franchise marketing strategy throughout the southwestern United States, which commences today in the State of Texas,” stated Texas Expansion Wing Group’s president, Bill Roberts.  “We will be hosting and presenting at numerous other similar events in the coming months in order to maximize the exposure of the GRILLiT brand to prospective franchisees and their consumers.  I am very excited that we have lift off on this initiative.  Let’s GRILLiT!”

About GRILLiT

GRILLiT (GRLT) is a growing Latin-Caribbean fusion restaurant concept that marries fast casual to nutritious and healthy food. The company opened its first location in Miami in 2011 and specializes in chef-inspired custom crafted rice bowls, pasta and wraps as well as salads. GRILLiT utilizes domestic growers and delivers healthy cuisine using only fresh proteins, such as never-frozen chicken and grass-fed organic steak. Restaurants offer an inviting and comfortable atmosphere with an open kitchen and contemporary, industrial design.  For more information, visit www.grillitinc.com or www.handtbrands.com.

Forward Looking Statements:

Statements in this press release that are not purely historical facts, including statements regarding GRILLiT’s beliefs, expectations, intentions or strategies for the future, may be “forward-looking statements” under the Private Securities Litigation Reform Act of 1996. Such statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as “plan”, “may”, “expect”, “anticipate”, “intend”, “estimate” or “continue” or the negative thereof or other variations thereof or comparable terminology. The reader is cautioned that all forward-looking statements are speculative, and there are certain risks and uncertainties that could cause actual events or results to differ from those referred to in such forward-looking statements. This disclosure highlights some of the important risks regarding our business. Specifically, the reader should not place undue reliance on statements regarding our retained consultants to increase franchise sales in their targeted franchise markets. Additionally, there are number of other risk factors relating to our business more fully explained identified by us in our filings with the OTC Markets, which are available through http://www.otcmarkets.com.  

CONTACT:
Princeton Research Group 
Tel: +1(781) 826-8882

SOURCE GRILLiT, Inc.

Article source: http://www.otcmarkets.com/stock/GRLT/news?id=86573

Nighthawk Energy plc (NHEGY: OTCQX International) | Production and Development Update

Production and Development Update

Aug 21, 2014

OTC Disclosure News Service

Guildford, ENG, United Kingdom


NIGHTHAWK ENERGY PLC
(“Nighthawk” or “the Company”)
 
Production and Development Update

 
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces an update on production and development plans at its 100% controlled and operated Smoky Hill and Jolly Ranch projects in the Denver-Julesburg Basin, Colorado.
 
Highlights
 
·       Average gross oil production from all wells in the calendar month of July 2014 was 2,007 barrels per day (“bbls/day”)
 
·       Blackcomb 12-14 well at Arikaree Creek expected to commence production in August 2014 
 
·       Cumulative gross oil production from the Arikaree Creek field has exceeded 700,000 barrels (“bbls”)
 
·       Additional reserves at Arikaree Creek to be developed through horizontal drilling
 
·       3D seismic and multi-well development program planned for Snow King discovery 
 
·       Drilling rig currently on location at Jackson Hole 1-32 well
 
(Nighthawk has an average Net Revenue Interest* of approximately 81.5% in the gross oil production)
 
Production
 
Average gross oil production from all wells in July 2014 was 2,007 bbls/day. Production was affected by planned pressure build up tests on two wells at Arikaree Creek and routine maintenance work on a further two wells.
   
The Blackcomb 12-14 well at Arikaree Creek was drilled to a depth of 8,445 feet and successfully encountered the Mississippian Spergen oil pay zone and is expected to commence production in August 2014.
 
Initial oil production from the John Craig 2-2 well was delayed and the well commenced production on 9 August 2014.
 
Total gross oil production from the Arikaree Creek field has now exceeded 700,000 bbls, significantly ahead of the original recovery expectations in the January 2013 independent reserves report. A new independent reserve report is currently being prepared.  
 
During August and September 2014 further routine pressure build up tests and maintenance work will be implemented on a number of wells including the Taos 1-10 and Steamboat Hansen 8-10 wells. This will have a short-term impact on production, particularly in August 2014, but will benefit reservoir management and production levels through the winter period and in the longer-term. 
 
Development Plans – Arikaree Creek
 
The Arikaree Creek oil-field was discovered in November 2012 and has now successfully produced over 700,000 barrels of oil with nine wells in production, and a tenth well, the Blackcomb 12-14 well, about to commence production.
 
All Arikaree Creek wells have been extensively logged and the Company has taken several hundred feet of core from the Mississippian age formations. Eight of the currently producing wells produce from the Mississippian Spergen zone.
 
The exception is the Big Sky 14-11 well, which commenced production in May 2014, and produces from an Upper Mississippian pay-zone above the Spergen. This small vertical section was hydraulically fractured and has produced at a steady rate of around 50 bbls/day.
 
The potential for additional reserves and production from this Upper Mississippian section has been clearly identified across the Arikaree Creek structure and Nighthawk is now implementing plans to develop and produce these reserves.
 
The initial step will be a short horizontal well, the Big Sky 6-11 well, with a horizontal leg of up to 1,200 feet. The well is planned to be hydraulically fractured and tested and it is expected that drilling will commence in the fourth quarter of 2014.
 
Nighthawk has requested the independent consultants preparing the new reserve report to evaluate the potential in this Upper Mississippian zone.
 
Following the success of the Blackcomb 12-14 well, further drilling of the southern lobe of Arikaree Creek is expected within the next few weeks.        
 
Development Plans – Snow King Area
 
The information gained from the Snow King 13-33 and 12-33 wells has confirmed the potential for substantial additional production from the development of the Snow King structure. The Company will shortly commence a new 3D seismic shoot over the structure to confirm and de-risk a number of additional drilling locations and a multi-well drilling program is expected to commence in the fourth quarter 2014. As previously reported, the recently drilled Snow King 12-33 well was structurally low, and the well has now been plugged and abandoned. 
 
Exploration   
 
The drilling rig is currently on location at the Jackson Hole 1-32 well. This well was originally drilled as an exploratory well in December 2013 and, in order to comply with regulatory requirements, additional work and logging is underway.
 
Nighthawk is continuing to explore a number of identified structures similar to both the Arikaree Creek and Snow King discoveries and additional 3D seismic is planned in the acreage around Arikaree Creek.
Financing
 
The Company has this morning separately announced a credit commitment from Commonwealth Bank of Australia to provide the Company with a US$100 million Reserve Based Loan.
 
Stephen Gutteridge, Chairman of Nighthawk, commented:
 
“One of the key features of the development of Arikaree Creek has been the consistent presence of oil-bearing zones above the main Spergen producing reservoir, both Pennsylvanian and Mississippian in age. Based on log and core analysis the Upper Mississippian zone shows excellent prospectivity and we have used the Big Sky 14-11 well to test the viability of hydraulically fracturing this zone for production. The results, 50 bbls/day from a small vertical section, are very good, and open up the possibility of good flow rates from a short horizontal well. We believe it is now time to test this approach, and if successful it will add significant production and reserves.”     
 
Chuck Wilson, Chief Operating Officer of Nighthawk, who has over 33 years of experience in the oil and gas industry and meets the criteria of qualified persons under the AIM guidance note for mining and oil and gas companies, has reviewed and approved the technical information contained in this announcement.
 
- Ends-
 
Definitions
 
*Net revenue interest (NRI) - Nighthawk’s share of oil, gas, and associated hydrocarbons produced, saved, and marketed, after satisfaction of all royalties, overriding royalties, or other similar burdens on or measured by production of oil, gas, and associated hydrocarbons

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Enquiries:

 

Copyright © 2014 OTC Markets. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/NHEGY/news?id=86552

Northstar Global Business Services, Inc. (MDIN: OTC Pink Limited) | Northstar completes the first phase of its new retail strategy and prepares to ship reformulated Snorenz with all new packaging

HOLBROOK, N.Y., Aug. 20, 2014 /PRNewswire/ — Northstar Global Business Services, Inc., Symbol (OTCPink: MDIN) today announced that after months of hard work from many talented specialists, the company has finally finished the new Snorenz formulation and package design.  The new formulation for Snorenz original adds vitamins E and B-6 back into the product due to overwhelming evidence of increased efficacy as well as longer lasting effects.  Snorenz Nighttime will also include these vitamins, as well as a much better process of infusing the dry ingredients that support relaxation and deeper, more refreshing sleep.

The new formulations and packaging for Snorenz and Snorenz Nighttime, will debut on Groupon in the near future, according to the company’s CEO, Justin Sindelman.  Mr. Sindelman commented, “All we’re waiting for is the final nutritional analysis which should be completed within two weeks and is being conducted by a nationally recognized laboratory.  I’m most excited about the fact that the retail Snorenz and Snorenz Nighttime packaging will now include a box, which we feel will have a much more impactful presence. Having strong shelf appeal will make the product significantly more memorable and attractive to shoppers, and will ultimately lead to better overall sales.”  Those who want to see the new box design can visit http://medgeninc.com/082014.jpg

In the recent weeks, there has been very little communication from the company as Mr. Sindelman settled into the job as the company’s new CEO, but he assures the public that the learning curve is just about over and things are ready to really heat up. One of the major questions he continues to receive revolves around whether or not there will be a reverse split in the company’s future, and Mr. Sindelman explained, “I’d like to set the record straight that there are no current plans for a reverse split.  We’d like to see higher share prices, but I strongly feel that success of the business can lead us there through a more organic path.” The plans for the near future include more communication with the shareholders, and a better effort to get the products into the public eye through advertising and by attending events like the upcoming Cannabis Cup in September. All in all the company is ready for the explosive push that has been so long overdue.

About Northstar
Northstar Global Business Services is dedicated to producing the best alternative healthcare products to the world. The company’s products include Snorenz®, Good Night’s Sleep®, Stem-Intense, and more. Most of the company’s products use a unique or patented spray delivery system, and all have received rave consumer reviews all over the world, selling millions of units from 1996 to the present. www.medgeninc.com.

DISCLAIMER
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

SOURCE Northstar Global Business Services, Inc.

Article source: http://www.otcmarkets.com/stock/MDIN/news?id=86546

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