This plan is theleast dilutive to all existing stockholders allows CDEX to pursueadditional investment and management options and
"This plan is theleast dilutive to all existing stockholders, allows CDEX to pursueadditional investment and management options, and provides focus onsupporting existing customers and acquiring new customers. Ross has just finished negotiating with one of the most successful andlargest food and beverage brokers in the United States. We believe this will have a direct impact on ourbottom line.Our distribution partner in Puerto Rico has filled a purchase orderreceived from Wal-Mart and Sams Club, Puerto Rico.We are opening a distribution center in the New York Tri-State area toservice and fulfill product orders to the independent Coke and Snappleroute drivers.Mr. is a Canadian exploration company focused on thediscovery and development of economic diamond deposits. Suchforward-looking statements are subject to risks, uncertainties and otherfactors that could cause actual results to differ materially from futureresults expressed or implied by such forward-looking statements Many ofthese factors are beyond the control of Hemisphere. I fullyexpect ValiMed placements in CY09 will exceed placements in CY08 and weare looking forward to a banner 2010."About CDEXCDEX develops, manufactures and globally distributes products to thehealthcare and security markets. The ValiMed(TM) product line provideslife-saving validation of high-risk medications and returned narcotics.The ID2(TM) product line detects trace amounts of illegal drugs, such asmethamphetamine.
CDEX expects to advance its patented technologies toserve additional markets. To meet its plans, CDEX must strengthen itsfinancial position as stated periodically in its SEC filings. For moreinformation, visit statements are forward-looking, as defined in federalsecurities laws, and generally can be identified by words such as"expects," "plans, " "may," "believes," "should," "intends," and similarwords. "During this economic downturn, theinterest in ValiMed has continued to grow with existing customers lookingto add additional units and new customers outfitting their pharmacies withmultiple units for quality assurance of the sterile compounded endproducts and trend programs for narcotic return validation. We areappreciative of our vendors, shareholders, customers, distributors andemployees for working with us to implement this plan.""As a result of the Pay per Use Plan that I initiated in January 2009 torespond to tightened hospital capital budgets, we are now in the processof closing new deals with world class hospitals," said Greg Firmbach,Medication Safety Division VP. While the Company will continue to expand its ValiMed(TM) andID2(TM) product lines, research into new product lines will be curtailed,pending market conditions."The plan, approved unanimously by the Board, has been funded by some ofour largest shareholders and has the full support of our largest creditor,Gemini Master Fund," said Malcolm Philips, CDEX CEO.
The Board of Directorsunanimously approved a plan which calls for a selective reduction inexpenses, while maintaining full support of existing and new customers.As part of the expense reduction, salary levels have been adjusted forall employees, including new employment agreements, with the CEO toprovide services at no pay and for the COO to receive an annual salary of$25,000. The Company does not undertake anyobligation to update such forward-looking statements. Investors are alsodirected to consider all other risks and uncertainties.Contact:Hall of Fame Beverages, Inc.(323)969-8114Email ContactCopyright 2009, Market Wire, All rights reserved.-0-. TUCSON, AZ, May 26 (MARKET WIRE) -- CDEX Inc.
(OTCBB: CEXI) () announces that effective June1, 2009, it has taken additional steps to streamline its organization inresponse to the downturn in the global economy. Words such as "anticipate," "believe,""estimate," "expect," "intend" and similar expressions, as they relate tothe Company or its management, identify forward-looking statements. Suchforward-looking statements are based on the current beliefs of management,as well as assumptions made by and information currently available tomanagement. Actual results could differ materially from those contemplatedby the forward-looking statements as a result of certain factors such asthe level of business and consumer spending, the amount of sales of theCompany's products, the competitive environment within the industry, theability of the Company to continue to expand its operations, the level ofcosts incurred in connection with the Company's expansion efforts,economic conditions in the industry and the financial strength of theCompany's customers and suppliers. We anticipate thiswill be a huge boost to the company profits.About Hall of Fame Beverages, Inc.Hall of Fame Beverages, Inc. is the California-based manufacturer of theAtomic Dogg(TM) energy drink line and HydroPower(TM) functional waterbrand.
Founded by Hall of Fame tailback Jim Brown, Hall of Fame Beveragesis an emerging and innovative lifestyle company focused on thedevelopment, production, distribution, and marketing of non-alcoholicbeverages under its signature brands. For more information, visit: http:// Harbor Statement:Except for historical information contained herein, the matters set forthabove may be forward-looking statements that involve certain risks anduncertainties that could cause actual results to differ from those in theforward-looking statements. LOS ANGELES, CA, May 26 (MARKET WIRE) -- Hall of Fame Beverages, Inc. ("the Company") (PINKSHEETS: HFBG), anemerging corporation in the high-growth functional beverage industry,today announced that the Company enlisted two new executives. A CPA withvast corporate experience and funding contacts is coming into Hall ofFame Beverages, Inc as the new CFO. An experienced New York contractattorney will be joining the team at Hall of Fame Beverages, Inc as thenew corporate attorney. Indicator'smanagement has quickly positioned the company to be a sophisticatedplayer in both Canadian and international diamond exploration by formingstrategic partnerships, acquiring highly prospective properties andconducting systematic and efficient exploration programs.