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Michael Wachs CEOCast

BY Michael Wachs | 07-21-2009 | 3:00 PM
This blog is written by a member of our blogging community and expresses that member's views alone.
Michael Wachs CEOCast

MICHAEL WACHS PROFILE

CityView Corp. LTD (OTCBB: CTVWF), an exploration and development
company, in conjunction with a major African partner, has entered into
preliminary arrangements to purchase an Oil Refinery with capacity of
100,000 bpd. The refinery will be relocated to West Africa. West and
Southern Africa do not have enough refinery capacity. This situation is
forecast to continue, providing the company with a high demand market
for refined products which are in short supply and very expensive. The
company also concluded agreements for the acquisition of interests in
oil permits in Angola, specifically of Existing Offshore Oil Permits,
Current Licensing Round which comprises seven offshore blocks, and
Onshore Kwanza Basin Blocks. In addition the company announced the
completion of the previously planned transfer of its working interest
in the Longonjo and Ucua license areas to Fortitude Minerals Limited
for 15 million shares of Fortitude. CityView now owns 22.6 million or
approximately 40% of the company. Shares ended the week at $0.17, down
1 cent.

MICHAEL WACHS CEOCAST

Urigen
Pharmaceuticals (OTCBB: URGP), a company specializing in the design and
implementation of innovative products for patients with urological
ailments, announced that it has entered into discussions with various
pharmaceutical companies to license or engage in a joint venture for
its two lead platforms, URG 101 and URG 301. The company is also
considering mergers, acquisitions or investments from strategic
partners in order to raise capital which would aid in bringing Urigen's
portfolio of therapies aimed at urinary conditions with significantly
unmet medical needs to market. Shares remained unchanged at $0.08 on
the week.

ABOUT MICHAEL WACHS CEOCAST



MICHAEL WACHS CEOCAST NEWS: The economic news for next week
includes November Consumer Credit on Monday. The November Trade Balance
will we be announced before the bell on Wednesday followed by
mid-morning announcements for November Wholesale Inventories and Weekly
Crude Inventories. The Initial Weekly Unemployment Claims will be
announced before the bell on Thursday and the December Treasury Budget
will be announced later that afternoon. Friday is the busiest day for
economic news beginning with announcements for December Import and
Export Prices and Retail Sales before the market opens. The final
announcement for the week will be November Business Inventories
mid-morning Friday. Investors will likely be interested in New York Fed
President Geithner’s Tuesday speech on the global economy as well as
Fed Governor Bies speech on Risk Management in Washington DC.


MICHAEL WACHS CEOCAST DIRECTORY

MICHAEL WACHS CEOCAST INTERVIEW

MICHAEL WACHS BIO

RVOP a wholly-owned subsidiary of Rio Vista Energy Partners L.P.,
(NASDAQ: RVEP), a company that transports liquefied petroleum gas,
completed the sale of the LPG Assets to TLP pursuant to the Purchase
and Sale Agreement. In connection with the sale of the LPG Assets to
TLP, RVOP and TPSI agreed to terminate the LPG Transportation Agreement
and the U.S. Pipeline Service & Operating Agreement shed by and
between RVOP, Penn Octane International, LLC and TPSI as of such
closing date. The LPG assets consist of the US Pipelines, the US
Easements, the Included Subsidiaries, the Mexican Pipelines and the
Mexican Terminal. The company received approximately $8.0 million in
cash, following adjustments and payments provided in the Purchase and
Sale Agreement, including payment of the Restated and Amended
Promissory Note, in the principal amount of $1,000,000 payable to TPSI.
The amount of such consideration was determined under the Purchase and
Sale Agreement following arms length negotiation between the parties,
including a review of the replacement cost of the Assets. Shares shed
70 cents last week to close at $16.50.

MICHAEL WACHS CEOCAST NEWS


MICHAEL WACHS CEOCAST INC: IceWEB, Inc. (OTCBB: IWEB), a leading
one-stop source for best-of-class computing hardware, on-demand
software, advanced networking solutions and innovative online services,
announced that it filed its Form 10K-SB with the U.S. Securities and
Exchange Commission for the 2007 fiscal year, ended September 30, 2007.
Compared to fiscal year 2006, the company's revenues climbed 293% to
$18.73 million, up from $4.77 million. The company expects 60% revenue
growth for fiscal year 2008 to $30 million in revenue. Shares ended the
week at $0.55, down 1 cent.