BAAR, Switzerland, Feb. 9, 2012 /PRNewswire/ -- Manas Petroleum Corp. ("Manas") (TSX-V: MNP; OTCBB: MNAP) today announced that on February 9, 2012 Petromanas Energy Inc. has secured Shell as JV partner for selected Albanian assets.
Manas, through its subsidiary DWM Petroleum AG owns 31.7% of the issued and outstanding shares of Petromanas.
Petromanas Energy Inc. ("Petromanas" or the "Company") today announced it has entered into a definitive farm out agreement (the "Agreement") with a wholly owned subsidiary of Royal Dutch Shell plc ("Shell"), whereby Shell will farm into the Company's rights on onshore exploration Blocks 2-3 (the "Blocks") comprising approximately 852,000 acres onshore Albania. Under the terms of the Agreement, Shell will acquire a 50% participating interest in the Blocks in exchange for payments and carried costs up to US$50.3 million. Petromanas will continue to act as operator of the Blocks.
"We are very pleased to have Shell as a joint venture partner. They bring exceptional technical capabilities and substantial resources to our new relationship," said Mr. Glenn McNamara, CEO of Petromanas. "We believe that partnering with a global leader like Shell provides a validation of the potential of our Albanian assets and the exploration work we have completed to date. Our 2012 drilling program remains unchanged and is moving ahead as planned from a position of enhanced strength and we expect the addition of a further seismic program to accelerate the exploration and development of the Blocks."
Under the terms of the Agreement, Shell would carry Petromanas on the following items: a work program up to US$22.5 million in the first exploration period and subject to entering into the second exploration period, a second exploration well. Any potential excess costs of the work program over the carried amounts shall be jointly paid by both parties in proportion to their participating interest. In addition, Shell will pay a cash consideration for a total amount of US$16.3 million, of which US$11 million is refundable to Shell should Petromanas secure a partner for the other Petromanas blocks during the current exploration period.
The Agreement is subject to customary closing conditions including the receipt of all necessary regulatory and government approvals.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South-Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyz Republic, Manas has signed a US$54 million farm-out agreement with Santos International, a subsidiary of one of Australia's largest oil and gas companies. In addition to the development of its Kyrgyz Republic project, Manas participates in an oil and gas exploration project in neighboring Tajikistan through its majority-owned subsidiary Somon Oil Company, subject to an option farm out agreement with Santos. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly-owned subsidiary Gobi Energy Partners GmbH, but 26% of the beneficial ownership interest in these blocks is held in trust for others.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Roger JennyCorporate SecretaryManas Petroleum Corp.Bahnofstr. 9, P.O. Box 155CH-6341 Baar, SwitzerlandPhone: +41 44 718 1030 Fax: +41 44 718 1039Email: info@manaspete.comWeb: www.manaspete.com
Scott KoyichNorth America Investor RelationsBrisco Capital Partners Corp.Phone: +1 403 262 9888Email: scott@briscocapital.com
Dr. Georg HochwimmerEurope Investor RelationsGeneral Research GmbHPhone: +49 89 2500 4330Email: hochwimmer@generalresearch.de
DISCLAIMER
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements. Forward-looking statements are projections of events, revenues, income, future economic performance or management's plans and objectives for future operations. In some cases you can identify forward-looking statements by the use of terminology such as "may", "should", "anticipates", "believes", "expects", "intends", "forecasts", "plans", "future", "strategy", or words of similar meaning. These statements are only predictions and are subject to known and unknown risks, including the risks described in Manas' periodic disclosure documents filed on SEDAR and EDGAR, copies of which are also available on the company's website at www.manaspetroleum.com. Any of these risks could cause Manas' or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Except as required by applicable law, including the securities laws of the United States and Canada, Manas does not intend to update any of the forward-looking statements to conform these statements to actual results.
SOURCE Manas Petroleum Corp.
ORLANDO, Fla., Feb. 9, 2012 (GLOBE NEWSWIRE) -- StrucSoft Solutions is shipping MWF Floor, a new software application for automating floor framing-through-manufacturing inside Autodesk Revit BIM models. MWF Floor is an add-on module to StrucSoft's MWF Professional, a template-driven extension to Revit Architecture and Revit Structure that automates design, shop floor drawing production, and manufacturing of light gauge metal and wood studs. StrucSoft will exhibit MWF Floor for the first time at the NAHB International Builders' Show in booth #W955 in Orlando, Florida, February 8-11, 2012.
"What MWF Floor adds to Revit is the capability to accurately model floor framing, using either the stick framing or panelizing work methods," commented George Ajami, president of StrucSoft Solutions. "Use of BIM tools, and specifically Revit, has greatly improved coordination with the building trades, and allowed them to identify and fix many problems prior to construction. However, even with a powerful program like Revit, there are niches that can benefit from further automation, such as the creation of framing for walls, floors, and ceilings. With the MWF Professional suite of products, we allow users to work the way they do in real life - closely defining construction conditions so that field changes can be minimized."
MWF Floor provides a comprehensive toolbox for creating both wood and metal floor framing. It will auto-detect Revit floors and openings (including MEP clash detection), and users can define end conditions, such as balloon, platform, or custom support to create automated framing of floor openings. Other features include joist arrangement and panelizing; automated cutbacks; automated shop drawings and cut lists, and optional CNC output.
Pricing and Availability
Software is available now. For pricing information contact info@strucsoftsolutions.com or call +1 514-731-0008 ext 0.
About Strucsoft Solutions
Strucsoft Solutions (www.strucsoftsolutions.com) develops, markets and supports Revit-based structural design & manufacturing software solutions for the BIM environment. Founded in 2008 the privately-held company began as a spin-off of Strucsoft Inc., a veteran value-added developer of plant and structural software solutions for 15 years.
Currently Strucsoft Solutions has two product lines – MWF, a light gauge steel and wood framing solution for Autodesk Revit; and CMS, a CAD/CAM application dedicated to creating, editing and managing DSTV-NC files. CMS is available stand alone or as an add-on for Autodesk Inventor, Solidworks as well as MBS. Strucsoft Solutions is headquartered in Montreal, Quebec, Canada.
CONTACT: Company contact:
Dawn Deschamps
Email: d.deschamps@strucsoftsolutions.com
tel. +1 514-731-0008 Ext. 21
Media contact:
Becky Stevens, Virtual Marketing LLC
Email: becky.stevens@virtualmarketing-pr.com
tel. +1 713 444-6860
Source: StrucSoft Solutions, Inc.
NEW YORK, Feb. 9, 2012 (GLOBE NEWSWIRE) -- NY Tech Meetup (NYTM) and NASDAQ OMX (Nasdaq: NDAQ) today announced a partnership focused on engaging, educating and promoting New York City's technology community in unique and relevant ways. The partnership will include the collaborative production of a series of videos featuring New York-based tech companies and their founders; an event series focused on women in technology, held at the NASDAQ MarketSite in the heart of Times Square; and a public service announcement highlighting New York as the ideal place to build and nurture a technology company.
Frank DeMaria, Senior Vice President of Corporate Communications, NASDAQ OMX said: "NASDAQ OMX has been supporting and celebrating grassroots innovation since we invented electronic trading in 1971, and many of the most influential, forward-thinking technology and internet companies in the world call us home. We believe we have a unique understanding of the needs of companies at all stages, as well as a deep-rooted appreciation for innovation in all of its forms. We are excited to partner with NY Tech Meetup to offer the tech community relevant resources, networking opportunities and visibility platforms as they progress."
Jessica Lawrence, Managing Director of NY Tech Meetup, said: "NY Tech Meetup is looking forward to collaborating with NASDAQ OMX to showcase New York's thriving technology community. Our partnership will provide a unique opportunity to highlight the city as the ideal place to build a technology startup, and will strengthen the tech ecosystem even further through educational, connection-building opportunities."
Founded in 2004 around monthly demo events highlighting New York City start-ups, NYTM is now a not-for-profit organization supporting and promoting the area's technology community.
NASDAQ is currently home to more than 73% of all information technology and telecommunications companies that list their shares on U.S. markets, with a combined market cap of more than $2.3 trillion. In the second half of 2011, NASDAQ dominated the technology sector with 9 of the 11 technology IPOs listing on NASDAQ including Zynga, Zillow, Carbonite, Tudou, Angie's List, Jive and Intermolecular. NASDAQ is also home to 82% of internet companies, including Google, Amazon.com, Ebay, Yahoo!, Groupon, TripAdvisor, HomeAway and Yandex, the largest internet IPO in 2011 based on proceeds raised.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
Neither The NASDAQ OMX Group, Inc. nor any of its affiliates (collectively "NASDAQ OMX") makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the partnership between NASDAQ OMX and NY Tech Meetup and NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
About NYTM
Founded in 2004 by meetup.com founder Scott Heiferman and co-founded by Dawn Barber, the NY Tech Meetup has almost 20,000 members, representing professionals from all parts of the New York technology community. NYTM centers around its monthly events, where members gather to watch emerging companies demo new ideas, hear leading-edge thinking on technology topics, and build their networks to develop their businesses. NYTM has been integral in the birth of New York's new Silicon Alley, with nearly every notable new company, including Foursquare and Tumblr, making their debut at a NYTM demo. NYTM is a not-for-profit, community-led organization. Its Managing Director is Jessica Lawrence, Executive Director is Nate Westheimer and Chair of the Board is Andrew Rasiej. www.nytm.org
NDAQG
CONTACT: Media Contact for NYTM:
Laurie Jakobsen, Jaybird Communications
646-484-6764 / laurie@jaybirdcom.com
Media Contact for NASDAQ:
Frank DeMaria
212 231 5183 / frank.demaria@nasdaqomx.com
Alex Honeysett
646 441 5211 / Alexandra.honeysett@nasdaqomx.com
Source: The NASDAQ OMX Group, Inc.; NY Tech Meetup
KOLDING, Denmark, Feb. 9, 2012 /PRNewswire/ -- Bestnet A/S has announced that their new book, Malaria-Through the eyes of a child, is now available for viewing and/or download on their website. The book is a visual celebration that demonstrates how Bestnet successfully embraced World Malaria Day 2011 as an excellent educational opportunity to make a difference in the lives of hundreds of children at risk from malaria, a devastating disease that claims the life of one child every 45 seconds.
As World Malaria Day - April 25, 2012 rapidly approaches, Bestnet has also announced that copies of the book, Malaria-Through the eyes of a child, are available to anyone interested in obtaining them. There are a limited number of copies available on a first come, first served basis.
"World Malaria Day has been designated as a chance for all of us to make a difference in the fight against malaria. Due to the fact that it has been proven that education is a vital tool in the arsenal to combat malaria, Bestnet has consistently chosen to develop original educational materials, in a variety of media, for World Malaria Day. In early 2011, we developed a unique and comprehensive malaria educational program for school-aged children," said Trine Sig, Bestnet Managing Director.
Sig continued, "This book documents our activities in celebration of World Malaria Day 2011 as Bestnet personnel and our partners reached out to educate hundreds of school children on 5 continents about malaria and the protection provided by sleeping under our Netprotect® LLINs. The children were asked to inform us about the devastating effects of this life-threatening disease through their own poems, stories and drawings. The children's thoughts and illustrations were so insightful, dramatic and touching that we have chosen to share them by compiling them into this book."
The Bestnet malaria education program includes a basic lesson plan, a large poster that illustrates the life cycle of malaria and a series of original graphic illustrations that convey the message that simple steps that can be taken to prevent malaria transmission, including sleeping under a Netprotect® LLIN. Furthermore, it is an interactive program that includes an engaging exercise that demonstrates the transmission cycle of malaria. The program and all visual aids were specially designed to transcend all age, cultural and language barriers so that the materials can be utilized in any country in the world.
Although the program was originally intended for use on World Malaria Day, it was designed so that it can be used at any time of the year to teach children and adults about malaria, and that sleeping under Netprotect® LLINs can save lives. "Bestnet has been very pleased to learn that our educational materials have continued to be used on a regular basis by schools, NGOs, and faith-based organizations throughout the world. It is our wish to continue to share this program with anyone interested in utilizing it," said Sig.
Therefore, Bestnet's entire program including the lesson plan (in English, Spanish and French), all illustrations and the posters are readily available for download on their website. Bestnet has also made the entire contents of their book, Malaria-Through the eyes of a child, available for download as well at http://www.bestneteurope.com.
Book Cover: http://www.ereleases.com/pic/2012-Malaria-Book.jpg
Furthermore, Bestnet has announced that a new and exciting educational tool will be introduced for World Malaria Day 2012.
About Bestnet A/S
Bestnet A/S, the manufacturer of Netprotect® Long Lasting Insecticide Incorporated Mosquito Nets (LLINs), supports the many ministries of health and relief organizations worldwide that are working toward the goal of eventually eliminating malaria. Each year, over 1 million people die from malaria even though the disease is completely preventable and treatable. Sadly, most of these deaths occur in pregnant women and in children under the age of 5.
Bestnet is thoroughly immersed in capacity building throughout the world and is currently producing more than 3 million Netprotect® LLINs per month at their facilities in China, India and in Africa.
More information about Bestnet A/S and Netprotect® LLINs is available at: http://www.bestneteurope.com or by contacting Bestnet Managing Director, Trine Angeline Sig, at ts@bestneteurope.com, mob.: +45 2826 2600.
This press release was issued through eReleases(R). For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.
SOURCE Bestnet A/S
NEW YORK, Feb. 9, 2012 /PRNewswire/ -- Valentine's Day is associated with everything sweet---from candy and hearts to the appreciation of those you love. Nowhere is that love greater than that of a parents' love for their child and the desire to ensure that their child is kept safe. While some safety measures around the house are routine, there are some potential hazards that could be dangerous for young children.
According to information provided by the U.S. Consumer Product Safety Commission, since 1990, more than 200 infants and young children have died from accidentally strangling in window cords. With this in mind, here are a few tips provided by the Window Covering Safety Council (WCSC) reminding parents to practice window cord safety and to make safety a priority in the home:
- Install only cordless window coverings in homes with young children. Replace window blinds, corded shades and draperies manufactured before 2001 with today's safer products.
- Move all cribs, beds, furniture and toys away from windows and window cords, preferably to another wall.
- Make sure cribs are properly assembled and meet current safety standards, and that crib mattresses fit snugly.
- Keep all window pull cords and inner lift cords out of the reach of children. Make sure that tasseled pull cords are short and continuous-loop cords are permanently anchored to the floor or wall. Make sure cord stops are properly installed and adjusted to limit movement of inner lift cords.
- Lock cords into position whenever horizontal blinds or shades are lowered, including when they come to rest on a windowsill.
The Window Covering Safety Council (WCSC) is a coalition of major U.S. manufacturers, importers and retailers of window coverings. The Council assists and supports its members in the industry's ongoing efforts to encourage the use of cordless products in homes with young children, its redesign of corded products, and to support the national ANSI/WCMA standard for the safety of corded window coverings. WCSC's activities in no way constitute an assumption of any legal duty owed by its members or any other entity. Consumers wishing to retrofit rather than replace their older window coverings can order free retrofit devices through WCSC's website at www.windowcoverings.org or its toll-free phone line at 1-800-506-4636.
Contact: Alana Sorrentino+1-212-297-2146asorrentino@kellencompany.com
SOURCE Window Covering Safety Council
More Press Releases
View Older Stories-
Hexagon Issues Commercial Paper
-
Females Are Caught Cheating More on Valentines Day Than Males!
-
Websense #1 in Web Security Fourth Year in a Row
-
Voyager Hosts Complimentary Summer School Solutions Webinar
-
Teen with Total Artificial Heart Bridged to Transplant at Texas Children's Hospital
-
StrongMail to Present Email Marketing Strategies at 2012 Email Evolution Conference
-
Cowleys Harnesses Information & Pest Control Technology to Achieve Double-Digit Growth
-
Crocs, Inc. Seeks Growth Opportunities in Brand Licensing
-
Catalyst Pharmaceutical Partners Files U.S. Provisional Patent Application for GABA Aminotransferase Inhibitor Use in Treatment of Tourette Syndrome
-
Intematix Appoints Steve Barlow Chief Commercial Officer
-
SMTP, Inc. Introduces Email Suppression Tool for List Management; Empowers Advertisers and Marketers with New CAN-SPAM Compliant Resource for Consumer Privacy
-
Intematix Takes Command of Phosphor Sector in Supercharged China LED Lighting Market
-
Starr Companies Introduces A Safety Manager Mentoring Program For Aviation Clients
-
SeraCare Expands Infectious Disease Offerings with Six New Product Introductions
-
ChristianMingle(R).com Poll Shows Virginia Is NOT for Lovers, Contrary to State Slogan
-
BMO Retirement Tips of the Day: Save More for Retirement by Paying Down Credit Card Debt and Taking Advantage of Employee Benefits
-
First Financial Service Corporation Announces Agreement to Divest Indiana Bank Franchise and Improved Fourth Quarter Results
-
Acetylon Announces $15 Million Strategic Equity Investment by Celgene Corporation
-
Ryder Chairman & CEO to Address 27th Annual BB&T Capital Markets Transportation Services Conference
-
OCEG Releases Updated GRC Capability Model Open Source Standards
-
Resolute Reports Preliminary Fourth Quarter and 2011 Financial Results
-
Mezeo Software Appoints Senior Vice President of Sales
-
Drinks Americas KAH® Tequila Kicks Off During New Orleans 2012 Mardi Gras Celebration
-
Oracle Buys Taleo
-
API Technologies Reports Results for the Three and Six Months Ended November 30, 2011
-
Vectren Energy Delivery of Ohio Conducts Annual SCO Natural Gas Auction With World Energy Solutions
-
Sigma-Aldrich (NASDAQ: SIAL) Reports Diluted EPS of $0.89, a 17% Increase, and 5% Sales Growth for Q4 2011. Full Year 2011 Diluted EPS Increased 14%. 2012 Diluted EPS Expected to Increase to $3.90
-
What's New in the Emerging Field of Waste-to-Energy? Deltaway Energy Founder Surveys the Landscape
-
54th Annual GRAMMY Awards® to Serve Only Wines Sealed with Natural Cork
-
Strata Solar and Chint/Astronergy Debuts One of North Carolina's Largest Solar Farms
-
Subhadip Chatterjee Promoted to Senior VP of IT at Acclaris, Inc.
-
Immortum - An App for Using Social Media After Death
-
Unity Management Group Subsidiary Receives Order and Completes Contract
-
Orexigen Therapeutics to Present at Upcoming Conferences
-
Oracle Buys Taleo
-
Divine Skin Q4 Tops $3 million; 2011 Revenue Reaches $9.6 million, Up 78% Over 2010
-
Hexaware Technologies to Deliver Joint Customer Presentation at TDWI 2012
-
SuccessEHS Named 2012 EHR Direct Qualified Vendor for PQRS
-
Abzu Continues to Intersect Mineralized Gold Zones at Nangodi
-
Robert Half Legal Survey Shows Lawyers Conducting Fewer Business Lunches
-
Corvus Gold-New District Scale Gold Project in Quebec
-
AMPS Builds New Orleans' First "Aeroponic" Recirculating Farm, Demonstrates Sustainable Urban Agriculture
-
Novadx Commences Shipments of Rex Coal
-
Vertafore AMS360 v6.0 Delivers Enhanced User Experience and Mobile Access
-
Fjordland and Capstone Plan Aggressive Exploration Program on Tak Copper-Gold-Molybdenum Project, Central British Columbia
-
First Point Minerals Receives Conditional Approval To List On The Toronto Stock Exchange
-
Volcano Corporation Schedules Fourth Quarter Conference Call, Webcast
-
Fijian Prime Minister to Announce Details of Constitutional Consultation Process
-
Eli Manning and Venus Williams to Lead March for Babies® in Manhattan
-
Inergetics Announces the Launch of its Private Label Channel and Executes Supply Agreement with Muscle Maker Grill Restaurants
