Monthly Archives: December 2014

10 Trends Paint a Picture of the Future of Incentive Travel in 2015

ST. LOUIS, MO, United States, via ETELIGIS INC., 12/31/2014 – – A new study by The Incentive Research Foundation, Rebounding the Recession: The Future of Incentive Travel 2015, finds that incentive travel rewards are perfectly matched to the emerging needs of today’s multi-generational workforce and corporate America’s simultaneous move toward enterprise engagement.

Following are the top 10 highlights from the study that discuss various drivers behind this conclusion:

1. Shaking Off a Bad Economy

Although the incentive travel industry was hit hard by the recession in 2009, current indicators show a thriving $22.5 billion industry primed to grow. IRF Pulse Surveys show that, unlike the beginning of 2009 where 86% of respondents found the economy to have a decidedly negative impact on incentive travel programs, in the fall of 2014 only 15% felt this way.

2. Budgets Trending Up

By the height of the recession in late 2009, Pulse Surveys showed over 80% of planners were decreasing their incentive travel budgets either moderately or significantly, with virtually zero growth from any side of the market. In the fall of 2014, IRF research showed 50% of planners increasing their budgets, with a quarter maintaining budgets of over $4,000 per person heading into 2015.

3. International Programs Rebound

At the height of the recession, IRF research saw as many as 45% of travel planners moving their programs from international to domestic locations. Long haul and exotic locations became increasingly rare, as fewer than 10% of travel planners shifted from domestic programs to those abroad. This trend changed in the spring of 2014, with IRF research showing (for the first time since the start of the recession) more planners taking their programs international than bringing them back domestically.

4. Fewer Cutbacks

As late as the spring of 2010, IRF research showed more than half of planners were still cutting either the number of nights for their programs or the number of requested rooms. Currently, less than 10% of planners say they would be reducing the number of nights or rooms for their programs heading into 2015.

5. More Emphasis on ‘Self-Defining’ Experiences

Today’s planners are keenly aware that incentive travel experiences go much deeper than excursions and entertaining speakers. Whether it’s balancing the needs of the spa crowd with the club crowd or creating intimate dinners with an option for exuberant behind-the-scenes meet and greets with the chef, planners will be challenged to create places and spaces that create self-defining experiences for multiple demographics.

6. An App for Everything

The rise of event-specific mobile devices has helped planners reduce paper programs and provide needed data-on-demand through apps that address only the details of the current event at hand. But the proliferation of travel apps has also driven attendees to take more and more control of their experience – with or without the help of planners.

7. Wellness Winding Up

In-room yoga, healthy menus, readily-available spa water and a nice gym may have sufficed for “wellness” a few years ago, but such offerings are now considered commonplace and expected by most planners and travelers. Differentiation in the wellness market requires more significant investments into alternative spa treatments, exotic menus and unexpected treatments.

8. Disruption as a Constant

Hurricanes, volcanoes, Ebola, terrorists, unpredictable currencies, political fluctuations – these would be an issue for any business, but they are exacerbated by the interconnected and multi-faceted nature of meetings and incentive travel. As the need for disaster planning becomes more essential and frequent, the IRF expects to see outsourcing and partnerships in this area take on greater importance.

9. Recruiting, Retention and Rewards

The foremost investment focus for most CEOs today isn’t marketing or R&D, but talent. In fact, 81% of CEOs said they were concentrating on talent, an emphasis rivaled only by technology investment. This new motivational mindset meshes perfectly with the recent resurgence in noncash rewards & recognition programs – particularly incentive travel programs – as a primary tool in transferring best practices from top employees to up-and-comers.

10. Engaged in What?

Amidst the concern regarding shrinking skilled labor pools is the hope of not only attracting and retaining high performers, but also building a fully engaged workforce. Engagement as a concept was originally meant to engage a workforce in their core job role; however, in the new economy, successful organizations need their employees to perform many non-core job roles, such as trainer, brand advocate, innovator and change agent. Reward and recognition programs are more flexible than standard compensation systems and have a long history of agile implementation driving non-core job roles.

For more on The IRF study, Rebounding the Recession: The Future of Incentive Travel 2015, please visit

About The IRF:

The Incentive Research Foundation ( funds and promotes research to advance the science and enhance the awareness and appropriate application of motivation and incentives in business and industry globally. The goal is to increase the understanding, effective use, and resultant benefits of incentives to businesses that currently use incentives and others interested in improved performance.


Press Contact:

Jon Lieb

(212) 563-8025

SOURCE: The Incentive Research Foundation

Horizon Technology Finance Provides $5 Million Venture Loan to Interleukin Genetics

FARMINGTON, CT and WALTHAM, MA, United States, via ETELIGIS INC., 12/30/2014 – – Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries, today announced it has closed a $5 million venture loan for Interleukin Genetics, Inc. (OTCQB: ILIU) (“Interleukin”), a genetics-based personalized health testing company. Interleukin will use the proceeds for working capital purposes.

“We are pleased to provide Interleukin the growth capital to support the company’s commercialization efforts for its suite of genetic test products,” stated Gerald A. Michaud, President of Horizon. “Interleukin’s technology, market opportunity, and key partnerships make for a compelling investment opportunity.”

Dr. Kenneth Kornman, Chief Executive Officer of Interleukin Genetics, stated, “Having the right capital at the right time is critical for a growth stage company. Horizon’s flexible financing solution, team of venture lending experts, and smooth and efficient loan closing have provided Interleukin with the strategic capital necessary for its continued growth.”

About Horizon Technology Finance

Horizon Technology Finance Corporation is a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. The investment objective of Horizon is to maximize total returns by generating current income from a portfolio of directly originated secured loans as well as capital appreciation from warrants that it receives when making such loans. Headquartered in Farmington, Connecticut, Horizon has regional offices in Walnut Creek, California and Reston, Virginia. Horizon’s common stock trades on the NASDAQ Global Select Market under the ticker symbol "HRZN". To learn more, please visit

About Interleukin Genetics

Interleukin Genetics, Inc. (OTCQB: ILIU) develops and markets proprietary genetic tests for chronic diseases and health related conditions. The products empower individuals to prevent certain chronic conditions and manage their existing health and wellness through genetic-based insights with actionable guidance. Interleukin Genetics leverages its research, intellectual property and genetic panel development expertise in metabolism and inflammation to facilitate the emerging personalized healthcare market. The Company markets its tests through partnerships with health and wellness companies, healthcare professionals and other distribution channels. Interleukin Genetics’ flagship products include its proprietary PerioPredict™ genetic risk panel for periodontal disease and tooth loss susceptibility sold through dentists, and the Inherent Health Weight Management Genetic Test that identifies the most effective diet and exercise program for an individual based on genetics. Interleukin Genetics is headquartered in Waltham, MA, and operates an on-site, state-of-the-art DNA testing laboratory certified under the Clinical Laboratories Improvements Act (CLIA).

Forward-Looking Statements

Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.


Horizon Technology Finance

Christopher M. Mathieu

Chief Financial Officer

(860) 676-8653


Investor Relations and Media Contacts:

The IGB Group

Matt Steinberg / Leon Berman

(212) 477-8261 / (212) 477-8438

msteinberg / lberman

SOURCE: Horizon Technology Finance Corporation

OCLG Continues Convertible Debt Reduction Strategy; Strengthens Company’s Sh areholder Values


LAFAYETTE, LA, United States, via ETELIGIS INC., 12/30/2014 – – Oncologix Tech Inc. (OTC Pink: OCLG) (PINKSHEETS: OCLG), a fully reporting, diversified medical holding company with operating units in medical device, healthcare services, medical products and technologies, paid off another convertible note installment continuing its convertible debt reduction strategy in lieu of issuance of common stock shares.

Wayne Erwin, OCLG’s Chief Executive Officer, remarked, “We again continue to execute upon our strategic financial initiatives focused on increasing shareholder value by reducing convertible debt prior to its conversion. Our strategy will be to continue repaying upcoming convertible notes from our operating capital prior to their conversion into common stock. Since October 2014, we have repaid several convertible notes preventing the issuance of approximately 30,000,000 shares.”

Mr. Erwin further commented; “Our continued debt reduction strategy benefits the company in multiple ways including decreasing the continued downward pressure of our stock, reducing corporate debt, and improving our balance sheet and total net equity. This proactive activity combined with continued strategic acquisitions greatly increases our shareholders value.”

About Oncologix Tech

Oncologix is a diversified medical holding company that operates and manufactures Class II medical device products, delivers Personal Health Care Services, and the sales and distribution of Durable and Home Medical products. For its clients, Oncologix provides FDA approved medical devices, state licensed healthcare services, and medical products and technologies. For its shareholders, Oncologix operates profitable business divisions that build, maintain and nourish shareholder value. The Company’s corporate mission is to be the best small cap medical holding company in North America.

This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company’s expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company’s filings with the Securities and Exchange Commission.


Wayne Erwin, Chairman and CEO

Oncologix Tech Inc.


(318) 451-9543


Green Arrow Consulting LLC

(850) 733-9181

SOURCE: Oncologix Tech Inc.

Pure Energy Minerals Closes Non-Brokered Private Placement for Gross Proceeds of $2,229,500

VANCOUVER, BC, Canada, via ETELIGIS INC., 12/30/2014 – – Pure Energy Minerals Limited (the “Company”) (TSX-V: PE) is pleased to announce that it has closed its over-subscribed non-brokered private placement financing, announced by news release dated November 21, 2014 (the “Private Placement”) for gross proceeds of $2,229,500 by the issuance of 11,147,500 units (each a “Unit”) of the Company at a price of $0.20 per Unit.

Each Unit consists of one common share of the Company and one transferable share purchase warrant (a “Warrant”). Each Warrant shall be exercisable to acquire one additional common share of the Company for a period of 18 months at a price of $0.30 per common share.

All securities issued under the Private Placement are subject to a four-month hold period from the date of issuance.

In connection with the Private Placement the Company paid total cash commission of $77,550. The Company also issued non-transferable finder’s warrants to purchase 152,625 common shares of the Company for a period of 18 months, exercisable at a price of $0.30 per common share.

Robert Mintak, CEO of Pure Energy Minerals, stated “The Company is very happy that the financing was met with such enthusiasm. From our perspective, the oversubscription is a strong show of confidence from our shareholders. The completion of this financing allows the Company to focus on rapidly advancing our exploration program and achieving key value milestones. We look forward to updating our stakeholders on various corporate developments in the near future.”

The proceeds of the Private Placement will be used for additional exploration on the Company’s lithium brine properties located in Esmeralda County, Nevada and for general working capital.



“Robert Mintak”

Chief Executive Officer

We Seek Safe Harbour. 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 contact:

Robert Mintak

(604) 608-6611

SOURCE: Pure Energy Minerals Ltd.

Union Equity Inc. Announces Shareholder Updates

INDIANAPOLIS, IN, United States, via ETELIGIS INC., 12/30/2014 – – Union Equity, Inc. (OTC Pink: UNQT) (PINKSHEETS: UNQT) would like to announce a few shareholder updates. As stated in the last Press Release, Union Equity has submitted a retainer to proceed with completion of the SEC audit. This will hopefully be completed in the month of January of 2015. Once the audit is completed and submitted to OTC Markets, this will be a huge step forward for the growth of business in 2015.

Union Equity Inc.’s Board of Directors, as well as CEO JT Thornburg, feel as if their time has been best spent in the recent past doing research on possible acquisitions and/or mergers with corporations that will help bring Union Equity to the next level in the upcoming year. There are current discussions proceeding with numerous corporations that have expressed a vast interest in Union Equity Inc. regarding future acquisitions and/or mergers.

In closing, the management team of Union Equity Inc. would like to sincerely thank all the loyal shareholders for showing their loyalty to the company. One year ago, Union Equity did not have much to offer, however now has a bright future ahead. Now the company is more marketable for future acquisitions and/or mergers. Union Equity Inc. is looking forward to a great and prosperous new year in 2015.

About Union Equity Inc.:

Union Equity, Inc. is a holding company that is comprised of 1 subsidiary that covers a vast business spectrum – Union Equity Investments, Inc.

About Union Equity Investments Inc.:

Union Equity Investment, Inc. is to provide the best possible risk-return value for Union Equity shareholders, by making direct investments into or outright purchases of revenue generating foreign and domestic private/public companies, which are in the need of a strong management team and capital in order to make it to the next level.


To learn more about Union Equity Inc., please contact

Union Equity, Inc.

Investor Relations

Office: (317) 575-4113


SOURCE: Union Equity, Inc.

Janel World Trade LTD. Reports Fiscal Year End 2014 Results

Paritz & Company, P

JAMAICA, NY, United States, via ETELIGIS INC., 12/29/2014 – – Janel World Trade, Ltd. (OTCQB: JLWT), a full-service global provider of integrated transportation logistics, announced today the financial results for its quarter and fiscal year ended September 30, 2014.

Fourth Quarter 2014 Results:

For the three months ended September 30, 2014, Janel reported revenue of $15,092,424 an increase of $2,225,254 or 17.6% compared to the three months ended September 30, 2014.

For the three months ended September 30, 2014 the Company reported income from continuing operations before income taxes of $102,395 compared to the prior year reported income from continuing operations before income taxes of $28,612.

For the three months ended September 30, 2014 and after losses from discontinued operations the Company reported net income of $67,823 or $(0.00) per fully diluted share, compared to the prior year reported net loss of $(1,447,256) or $(0.06) per fully diluted share. Included in these results are losses associated with discontinued operations of $(1,469,868) for the prior year’s period and $(21,572) for the current year’s period.

Year-To-Date 2014 Results:

For the fiscal year ended September 30, 2014, Janel reported revenue of $47,940,095 an increase of $3,195,577 or 7.1% compared to the fiscal year ended September 30, 2013.

For the fiscal year ended September 30, 2014, after a one-time non-cash charge to SG&A of $237,492 for the issuance of stock options on October 30, 2013, the Company reported a loss from continuing operations before income taxes of $(241,369) compared to the prior year reported loss from continuing operations before income taxes of $(314,106).

For the fiscal year ended September 30, 2014 and after losses from discontinued operations the Company reported a net loss of $(335,193) or $(0.01) per fully diluted share, compared to the prior year reported net loss of $(2,158,234), or $(0.09) per fully diluted share. Included in these results are losses associated with discontinued operations of $(1,827,128) for the prior year’s period and $(71,824) for the current year’s period.

To be included in Janel’s database for Corporate Press Releases and industry updates, investors are invited to send their e-mail address to: IR.

About Janel World Trade, Ltd.:

Janel World Trade, Ltd. is a global provider of integrated logistics; including domestic and international freight forwarding via multi-modal carriers, leading-edge, end-to-end, supply-chain technology, customs brokerage, warehousing and distribution, and other transportation-related services. With offices throughout the U.S. (New York, New Jersey, Chicago, Los Angeles, Atlanta and Philadelphia) and a network of independent international agents in approximately 52 countries, the Company provides the comprehensive logistics services and technology necessary to handle its customers’ shipping needs throughout the world. Cargo can be transported via air, sea or land, and Janel’s national network of locations can manage the shipment and/or receipt of cargo into or out of any location in the United States. Janel is registered as an Ocean Transportation Intermediary and licensed as a FMC Licensed Freight Forwarder by the Federal Maritime Commission.

Janel World Trade, Ltd.’s headquarters is located in Jamaica, New York, adjacent to the JFK International Airport, and its common stock is listed on the OTCQB Bulletin Board under the symbol "JLWT". Additional information on the Company is available on its website at .

Forward-Looking Statements:

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the Company’s dependence upon conditions in the air, ocean and land-based freight forwarding industry, the size and resources of many competitors, the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services, and other risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission, including its most recent Form 8-K, Form 10-Q and Form 10-K filings. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.


Investor Relations

Janel World Trade

(718) 527-3800


SOURCE: Janel World Trade, Ltd.

Gold Resource Corporation Declares December Monthly Dividend


COLORADO SPRINGS, CO, United States, via ETELIGIS INC., 12/29/2014 – – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”), declares its monthly instituted dividend of $0.01 per common share for December 2014 payable on January 23, 2015 to shareholders of record as of January 12, 2015. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico.

The Company has returned over $101 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends and take delivery in physical gold and silver. For more information on Gold Resource Corporation’s physical dividend program, visit the Company website at

Dividends may vary in amount and consistency or be discontinued at the Board of Directors’ discretion depending on variables including but not limited to operational cash flows, Company development requirements and strategies, construction, spot gold and silver prices, taxation, general market conditions and other factors described in the Cautionary Statements below and the Company’s public filings with the U.S. Securities and Exchange Commission.

About GRC:

Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company controls 100% interest in six potential high-grade gold and silver properties in Mexico’s southern state of Oaxaca. The Company also operates a Nevada Mining Unit, focused on exploration in Nevada’s Walker Lane region. Gold Resource Corporation has 54,179,369 shares outstanding and no warrants. The Company offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. For more information, please visit GRC’s website, located at and read the Company’s 10-K for an understanding of the risk factors involved.

Cautionary Statements:

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words “plan”, “target”, "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation’s strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company’s actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company’s 10-K filed with the SEC.


Corporate Development

Greg Patterson


SOURCE: Gold Resource Corporation