Corporate Universe Inc. (Pink Sheets:COUV) is pleased to report the following corporate and operational matters to its shareholders and followers. Corporate Universe is opening its new corporate office at 3771 Nesconset Highway, South Setauket, NY, effective October 4, 2010. The new office will allow Corporate Universe to operate all of its divisions and subsidiaries in a centrally located place. Manhattan Transfer Registrar Company will continue to be located in Miller Place.
Now that the corporate changes are fully implemented, including the name change to Corporate Universe Inc., trading under the symbol (Pink Sheets:COUV), and the forward split of 10 new shares for each old share of common stock, the company is ready for business and intends to keep its followers advised on a timely basis.
Corporate Universe operates as a multi-media and software development, production, and distribution company. Corporate Universe designs and develops database driven Web sites for its clients on a contract basis under the name i2 Media Lab. Corporate Universe offers brand logos for stationary, cards, and Web sites; brochures and promotional literature; Web site design; database design and programming; Web site programming; software applications for Intranet, Internet, WAN, and LAN; and desktop applications.
Corporate Universe also publishes online lifestyle communities and publications under the brand i2 Interactive Media; and produces video broadcast feature films and documentaries. In addition, Corporate Universe provides domain registration, Web site development, Web site management, 3-D animation, and graphic design services. Corporate Universe, Inc. was formerly known as Inicia, Inc. and changed its name in September 2010. Corporate Universe was founded in 2005 is based in New York, New York.
MusclePharm(NYSE:R) Corporation (OTCBB:MSLP), one of the fastest growing nutritional supplement companies in the United States, announced a fulfillment agreement with IVitals that is expected to improve cash flow, reduce backorders, improve turnaround time on all orders and allow management to focus its time and resources on the marketing and selling of MusclePharm's growing portfolio of products.
MusclePharm's President, Cory Gregory stated, "This fulfillment agreement will reduce the cost and delivery time for all product shipments to our many retail and online customers. In addition, by outsourcing our fulfillment function, management will be able to focus our time and resources on expanding sales opportunities and enhancing our brand."
MusclePharm expects to achieve over $4 million in sales for the full year of 2010, which is over 300% growth compared to the same period last year. The rapid growth and strong customer demand for the MusclePharm products has created back orders for 5 of the 12 months in 2010. The new fulfillment agreement is expect to greatly improve the back orders for the remainder of 2010 and reduce the insufficient levels of stock needed to complete all orders.
Mr. Gregory continued, "With rapid growth of 300% come a few growing pains such as back orders. I am pleased that we expect to achieve this growth in 2010 despite having 40% of our orders on back-order. However, with this fulfillment agreement, we have greatly improved our operating platform and believe we have rectified our back order situation. With a dramatically improved operating platform and leading nutritional supplements that are 100% free of any banned substances we are very well positioned for continued strong growth in 2011."
Headquartered in Denver, Colorado, MusclePharm is a rapidly expanding healthy life-style company that develops and manufactures a full line of NSF and scientifically approved, nutritional supplements that are 100% free of any banned substances.
Essex Property Trust, Inc. (NYSE:ESS) announced that Keith R. Guericke, who has served the Company for over 33 years, plans to step down as President and CEO on January 1, 2011. Mr. Guericke will continue to serve as the Vice Chairman of the Board of Directors and will be retained as a consultant for the Company. The Board of Directors has appointed Michael J. Schall, Essex's Senior Executive Vice President and Chief Operating Officer, to succeed Mr. Guericke as President and CEO.
Essex Property Trust, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities primarily in the West Coast of the United States.
Whiting Petroleum Corp. (NYSE:WLL) is issuing an update on the well incident at the Roggenbuck 14-25H well in North Dakota disclosed in Whiting’s November 21, 2010 press release. As previously disclosed, a valve near the wellhead failed resulting in water, oil and natural gas flowing from the well, with Whiting containing and hauling from the well site the liquids being produced. Whiting believes that flow of liquids from the well started declining early Sunday morning November 21, 2010. From Saturday afternoon through 6:00 a.m. (NYSE:CST) Monday, November 22, 2010 approximately 5,630 barrels of water and 420 barrels of oil were hauled to a disposal facility from a lined pit on location where fluids are being collected.
Whiting Petroleum Corporation, a Delaware corporation, is independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States.
New Oriental Education & Technology Group (NYSE:EDU) announced that the Company's Board of Directors has appointed Mr. Chenggang Zhou as Director of the Company, effective immediately. Separately, Mr. Xiangdong Chen has been appointed as Executive President, Domestic Business, Mr. Yunlong Sha has been appointed Senior Vice President and Mr. Guofu Li has been appointed Vice President, Operations, effective immediately. Mr. Chenggang Zhou joined New Oriental in 2000 and has served as the Company's Executive Vice President since December 2006. In 2003 he became Company Vice President and the president of Beijing New Oriental School and from 2000 to 2003 he was the president of Shanghai New Oriental School.
New Oriental Education & Technology Group Inc. provides private educational services primarily in the People’s Republic of China.
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