OTCPicks.com Daily Market Movers Digest Midday Report for Friday, July 25th
WNEA,
MGRN,
GNAU,
CELI,
CABN,
EPCT,
PILL,
CNEX,
CCMJ,
RCKY,
POWN,
CSAR Our Stocks to Watch today include Wind Energy America Inc. (OTCBB:
WNEA), Monogram Energy Inc. (OTC:
MGRN), General Automotive Co. (OTCBB:
GNAU), CelebDirect Inc. (OTC:
CELI), Carbon Sciences Inc. (OTCBB:
CABN), EpiCept Corp. (Nasdaq:
EPCT), ProxyMed Inc./MedAvant Healthcare Solutions (Nasdaq:
PILL), Cannon Exploration Inc. (OTC:
CNEX), CruiseCam International Inc. (OTC:
CCMJ), Rocky Brands Inc. (Nasdaq:
RCKY), POW! Entertainment Inc. (OTC:
POWN) and Caraustar Industries Inc. (Nasdaq:
CSAR).
Visit http://www.otcpicknews.com/otcmail/link.php?M9187&N97&L to register for our Daily Market Mover?s Digest Newsletter and Email Stock Watch Alerts.
WIND ENERGY AMERICA INCORPORATED (OTCBB:
WNEA) Detailed Quote: www.otcpicks.com/quotes/
WNEA.php Company Profile:
www.otcpicks.com/wind-energy-america/wind-energy-america-2.htm Wind Energy America Inc. develops and operates wind energy projects in the Great Plains and the Midwest, regions known for their high quality wind energy resources. The Company owns interests in three wind farms:
Shaokatan Hills LLC, Lakota Ridge LLC and CHI Energy. At present,
WNEA owns a developer`s stake and a minimal interest producing negligible cash flow in these wind farms. Over the next two years the developer?s stake will begin producing significant cash flow from these projects.
The three wind farms together contain 79 modern wind turbines and have a total rated capacity of 53.5 megawatts (MW). They are collectively generating approximately 160 million kilowatt hours (kWh) of electricity annually. In addition to these properties, the Company owns a 3 percent equity interest in Averill Wind LLC, a 10 MW wind farm being developed near Fargo, N.D., another region favorable for wind power energy.
WNEA News:
July 24 - Wind Energy America Inc. Engages CoreVentures Renewable Fuels Wind Energy America Inc. (OTCBB:
WNEA) has entered into an agreement with CoreVentures Renewable Fuels a privately owned renewable energy firm that specializes in project management and financing of renewable energy projects.
Joe Anderson, a partner at CoreVentures Renewable Fuels, former broker with Merrill Lynch, and a veteran at financing wind and other renewable energy projects had this to say: "We are excited about the opportunity to be working with Wind Energy America and see an almost unlimited potential for growth." The majority shareholder of CoreVentures is CorVal Group, Inc. CorVal Group, Inc. is the holding company for seven independent companies in the construction, engineering & facilities industry. Most notable among them is NewMech Companies Inc., an 85 year old family owned business that employs over 600 people and has completed over $250 million in renewable energy projects.
Darrel Kluge CEO of Wind Energy America commented ?Joe actually played an integral role in the financing of our Lakota Ridge, Shaokatan Hills and CHI wind farms almost ten years ago. We are fortunate to be gaining the benefit of his intuitive understanding of our business and what it takes to get projects completed.? MONOGRAM ENERGY INCORPORATED (OTC:
MGRN) "Up 12.68% in morning trading" Detailed Quote: www.otcpicks.com/quotes/
MGRN.php Company Profile:
www.otcpicks.com/monogram-energy/monogram-energy.htm Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties.
The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.
MGRN News:
July 25 - Monogram Energy, Inc. to Test New Production Fluid Monogram Energy, Inc. (OTC:
MGRN) announced that it will begin testing in its wells an environmentally safe production fluid. Preliminary tests show that this fluid is extremely stable, highly soluble in water, and extremely surface active. This surface activity makes it an extremely powerful water wetting agent, and it is this characteristic that accounts for its ability to efficiently and rapidly displace oil from solid surfaces. Should this new fluid react as the Company expects, it could double the production of each well.
Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, "We are very excited about the potential for enhanced oil recovery that we can possibly achieve with the use of this product." Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy`s goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
GENERAL AUTOMOTIVE COMPANY (OTCBB:
GNAU) Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N97&L26 Company Profile:
http://www.otcpicknews.com/otcmail/link.php?M9187&N97&L27 General Automotive Company ("GAC") is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products at multiple levels of distribution throughout the United States and internationally. Through its two wholly owned subsidiaries, Global Parts Direct and OE Source, the company focuses its efforts on utilizing its relationships with manufacturers in China, Korea and Japan to bring state-of-the-art automotive parts, accessories and products to automobile manufacturers and major parts distributors in the U.S. For more information on GAC and its products, visit www.generalautomotive.com.
GNAU News:
July 24 - General Automotive Announces Joint Venture to Develop and Market Advanced Fuel Cell Technology * Partners with SenCer to Commercialize Breakthrough Approach for Powering Vehicles * Additional Goal of Developing Next-Generation Oxygen Sensors General Automotive Company (OTCBB:
GNAU) (?GA?), a global provider of parts, accessories and advanced technology for the automotive industry, today announced a joint venture with SenCer Inc. to develop, commercialize and market SenCer?s groundbreaking UltraTemp? ceramic composite materials for accelerating the development of energy-efficient, environmentally friendly fuel cell technologies. The joint venture will also advance the development of next-generation oxygen sensors, which represent a significant part of GA?s current business.
A Rochester, NY-based research firm known for its engineering expertise in advanced ceramic systems, SenCer has developed a series of next-generation ceramic fiber/ ceramic matrix composite materials with a wide variety of applications, including fuel cell stacks for powering automotive engines. The goal of the joint venture will be to develop a series of prototypes that will significantly advance the process of commercializing and, ultimately, mass producing fuel cells.
GA President and CEO Joseph DeFrancisci commented, ?Hydrogen-powered fuel cells are widely viewed as a potential solution for higher energy prices and environmentally damaging emissions. The automotive sector, in particular, stands to reap tremendous benefits from this emerging technology as the engineering challenges that have confronted the industry to date are solved.
?SenCer?s groundbreaking technology solves the two most persistent problems in fuel cell design ? cost and durability ? by replacing expensive platinum conductors with co-fired proprietary ceramic conductive layers. This is a breakthrough approach, and we are pleased to position GA at the forefront of this important effort through our joint venture with SenCer, which over the last 10 years has provided research and core ceramic materials to some of the leading developers of solid oxide fuel cells (
SOFC).
?Additionally, the joint venture offers GA important benefits in the short term since SenCer?s ceramic composite technology is also key to the design of next-generation oxygen sensors, which constitute an important revenue stream for GA today.? David Burt, President of SenCer and Chief Technology Officer of the new joint venture, stated, ?We?re very excited about the opportunity to partner with GA, whose business start-up and marketing capabilities will be key ingredients to our success. SenCer has taken a different direction to solving problems in fuel cell design by developing our UltraTemp? Ceramic Composite as a support system for conductive ceramic layers. Our proprietary system is field-proven to bond multiple layers for long life and at low cost at temperatures almost twice that of conventional fuel cells. In addition we have a system that can operate at temperatures much lower than traditional
SOFCs, thereby providing even longer life.? Mr. DeFrancisci concluded, ?By combining SenCer?s breakthrough technology with GA?s business know-how and extensive industry contacts, we believe we can have a real impact on advancing the development and deployment of automotive fuel cell technology and on the design of more sophisticated oxygen sensors to help maximize fuel economy and minimize exhaust emissions. Cost-effective and durable fuel cell systems can provide an answer to some of the most pressing global problems, and our joint venture will help realize the tremendous potential of this field.? ABOUT SENCER INC.
Established in 1996, SenCer Inc. is a technology research firm that has developed a ceramic composite material, UltraTemp?, with remarkable thermal properties and bonding capabilities. The new technology has applications in oxygen sensing (automotive and medical markets); oxygen generation (aluminum ? inert anodes, gas generation, medical); and power generation (fuel cell technology). SenCer has been a behind-the-scenes player in many developments using ceramic composites. It maintains a 20,000 square foot manufacturing facility in Penn Yan, NY.
CELEBDIRECT INCORPORATED (OTC:
CELI) Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N97&L20 Company Profile: http://www.otcpicknews.com/otcmail/link.php?M9187&N97&L21 CelebDirect`s primary business is that of a direct response celebrity incubator and has two divisions which are direct response marketing and Celebrity placement / franchise opportunities. CelebDirect brings to the market unique and innovative products via direct to market strategies such as infomercials, advertorials and other associated advertising vehicles to expeditiously, economically and broadly market products throughout North American as well as a global basis. CelebDirect has a number of consumer-oriented products it is evaluating and others it is currently bringing to market.
CELI News:
July 24 - CelebDirect Developing a Fresh New Concept for the 30 Minute Muscle Flex? Infomercial for Its North American Release CelebDirect (OTC:
CELI) is developing its 30-minute Muscle Flex? (www.muscleflex.tv) infomercial with a fresh new concept for its North American release. It promises to be on the leading edge of commerce orientated Direct Response television production. Many of the parts are in place including Monica Brant,
IFBB Fitness Olympia Champion, as Co-Host as well as many more surprise ?high profile? personalities.
The concept behind the Muscle Flex? infomercial is a high impact, overtly entertaining feel with a ?non-scripted? spontaneous format that allows for all the personalities to really come through. It is being developed in a way that will allow for the Muscle Flex? to become a personality in itself and allow for the celebrities and personalities working with the Muscle Flex? on the set to be themselves and ?merge? with the product.
?Our sales goal is 5,000 units monthly within 9-12 months upon nationwide release of the Muscle Flex? television infomercial. The Muscle Flex? is a new and inspiring exercise machine and the infomercial must inspire the same. We want to stay far away from the `cookie cutter` and `stylized` way that infomercials have been filmed over the last few years,? commented Danny Alex, CEO of CelebDirect.
?The Muscle Flex? is an amazing in-home fitness machine that is amazing in actually delivering quick and long lasting results ? we will have people falling in love with in-home exercise again.? The television infomercial format is a proven methodology of marketing fitness products and the Muscle Flex? is tailor-made for this kind of marketing. Television infomercials have generated numerous multi-million and even some billion dollar plus products in the exercise and fitness idioms. CelebDirect anticipates that the Muscle Flex? will be a giant hit with an audience that is looking for a new, dependable and fun way of in-home exercise.
The Muscle Flex ? is the only machine of its kind that delivers strength, flexibility and cardio training all in one fluid gliding motion. It also improves posture, sculpts and tones, and develops long lean toned muscles. The most popular fitness phenomenon is creating long, lean muscles by combining toning and stretching against resistance. With the population of America rapidly aging, body toning and stretching will undoubtedly be the next ?fitness craze.? Go to www.muscleflex.tv to see the Muscle Flex? and to pre-order yours today.
CARBON SCIENCES INCORPORATED (OTCBB:
CABN) Detailed Quote: www.otcpicks.com/quotes/
CABN.php Company Profile:
www.otcpicks.com/carbon-sciences/carbon-sciences-2.htm Carbon Sciences, Inc. focuses on developing GreenCarbon technology to convert carbon dioxide into a form that would not contribute to global warming. Its GreenCarbon technology is targeted at coal-fired electrical power plants and fuel production plants. The company was founded in 2006 as Zingerang, Inc. and changed its name to Carbon Sciences, Inc. in April 2007. Carbon Sciences, Inc. is based in Santa Barbara, California.
CABN News:
July 24 - Popular Mechanics Features Carbon Sciences Article Describes Carbon Transformation as a "No-Brainer" Carbon Sciences Inc. (OTCBB:
CABN), the developer of a breakthrough technology to transform earth destroying carbon dioxide (CO2) into earth friendly carbon products, announced that the company`s technology was featured by Popular Mechanics, the national magazine and popular website known for its coverage of science and technology. The article, initially released on the home page of www.popularmechanics.com, included a photo of Derek McLeish, CEO of Carbon Sciences Inc., and the company`s technology prototype.
The article describes Carbon Sciences and its novel CO2 transformation technology as well as the company`s Mobile Prototype. The Mobile Prototype is a specially constructed vehicle used to demonstrate Carbon Sciences` breakthrough carbon transformation technology for converting harmful CO2 into carbonate products for use in building materials, paper, plastics, fertilizers and other industrial applications.
In addition, the article solicited comments from scientists and business experts about the potential market for Carbon Sciences. In commentary about Carbon Sciences` technology, Lara Abrams, a San Francisco-based business strategist, states: "This technology will catch on in the marketplace. It`s the most intelligent and viable approach to CO2 capture and re-use I`ve seen thus far." Commenting on the article, Mr. McLeish said: "Popular Mechanics has always been a leader in highlighting emerging new technologies. As a reader since 1962, I am honored to have the magazine report on our company`s technology and its potential in the marketplace. From prestigious magazines to presidential nominees, we are seeing growing interest and awareness for CO2 mitigation solutions. This speaks volumes about our market opportunities and the timing of our commercialization strategy." The archived article can be viewed at can be viewed at:
www.popularmechanics.com/science/earth/4274541.html.
EPICEPT CORPORATION (NASDAQ:
EPCT) "Up 186.67% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N97&L37 EpiCept Corporation, a specialty pharmaceutical company, focuses on the development of pharmaceutical products for the treatment of cancer and pain. The company`s lead oncology product candidate is Ceplene, which is used for the treatment of acute myeloid leukemia. Its cancer product portfolio includes Azixa, a Phase II clinical trial product to treat the patients with primary glioblastoma and melanoma that has metastasized to the brain and non-small-cell lung cancer that has spread to the brain; and EPC2407, a Phase I clinical trial completed oncology product candidate for the treatment of patients with advanced solid tumors and lymphomas. The company`s pain product portfolio comprises EpiCept NP-1, a prescription topical analgesic cream for the long-term relief of peripheral neuropathies; LidoPAIN BP, a prescription analgesic non-sterile patch to provide sustained topical delivery of lidocaine for the treatment of acute or recurrent lower back pain; and LidoPAIN SP, a sterile prescription analgesic patch designed to provide sustained topical delivery of lidocaine to a post-surgical or post-traumatic sutured wound. It has strategic alliances with Endo Pharmaceuticals, Inc.; Myriad Genetics, Inc.; DURECT Corporation; Adolor Corporation; Epitome Pharmaceuticals Limited; and Shire Biochem, Inc. The company was founded in 1993 and is based in Tarrytown, New York.
EPCT News:
July 25 - Ceplene? Receives Positive European Opinion for Approval From
CHMP * Marketing Authorization Normally Anticipated within 67 Days in the EU * Conference Call to be Held July 28 at 9:00 a.m. Eastern Time EpiCept Corporation (Nasdaq:
EPCT) announced that the Committee for Medicinal Products for Human Use (
CHMP) of the European Medicines Agency (
EMEA) has issued a positive opinion regarding the marketing authorization for Ceplene? (histamine dihydrochloride), for the remission maintenance and prevention of relapse in adult patients with Acute Myeloid Leukemia (AML) in first remission. Ceplene is to be administered in conjunction with low-dose interleukin-2 (IL-2). This positive opinion was issued following a request made by EpiCept to have the initial negative opinion of March 2008 re-examined by the
CHMP.
Ceplene has been designated as an orphan medicinal product, and as such is entitled to 10 years of marketing exclusivity in the EU.
EpiCept attended an oral explanation hearing at the
CHMP?s plenary meeting on July 22, 2008. Following this oral explanation, the
CHMP recommended that Ceplene be granted a full marketing authorization under the provision of Exceptional Circumstances.
As part of granting of the marketing authorization under Exceptional Circumstances, EpiCept has agreed to perform two post-approval clinical studies. One of the studies seeks to further elucidate the clinical pharmacology of Ceplene by assessing certain biomarkers in AML patients in first remission. The other study will assess the effect of Ceplene/IL-2 on the development of minimal residual disease in the same patient population. EpiCept is entitled to seek further guidance on the design of such studies from the
EMEA through the protocol assistance procedure.
?We are thrilled with the positive opinion reached by the
CHMP and are pleased by the overwhelming support for Ceplene we received from key opinion leaders in hematology across Europe during this successful re-examination effort,? stated Jack Talley, President and CEO of EpiCept. ?Ceplene, in conjunction with IL-2, is the first therapy shown to significantly prolong leukemia-free survival and prevent relapse in AML patients in first remission.? The
CHMP?s recommendation will now be forwarded to the European Commission for issuing a marketing authorization in the form of a Commission Decision, which normally occurs within 67 days. The marketing authorization with unified clinical usage for Ceplene granted under the Centralized Procedure will be valid for the entire European Union as well as in Iceland, Liechtenstein and Norway.
?We are highly optimistic about the commercial prospects for Ceplene and we intend to pursue its commercial introduction as expeditiously as possible,? continued Mr. Talley. ?We are evaluating all of our strategic options for the marketing of Ceplene, and will continue to work towards realizing the drug?s potential to fulfill an important unmet medical need for AML patients in Europe.? Conference Call EpiCept announced that it will host a conference call to discuss this opinion and the Ceplene program on Monday, July 28, 2008 at 9:00 a.m.
Eastern Daylight Time.
To listen to the conference call, please dial:
(877) 494-5472 (United States and Canada) (706) 758-9407 (International) The access code for the call is 57724791 A web cast of the conference can be accessed at www.epicept.com. The webcast will be archived for 90 days.
A playback of the call will be available for one week and may be accessed by dialing:
(800) 642-1687 (United States and Canada) (706) 645-9291 (International) Please reference reservation number 57724791 ABOUT
ACUTE MYELOID LEUKEMIA (AML) AML is the most common type of leukemia in adults. There are approximately 40,000 AML patients in the EU, with 16,000 new cases occurring each year. Once diagnosed with AML, patients are typically treated with induction chemotherapy and consolidation therapy, with the majority achieving complete remission. However, about 75-80% of patients who achieve first remission will relapse, with the median time in remission before relapse being only 12 months with current treatments.
Less than 5% of relapsed patients survive long term.
ABOUT CEPLENE Ceplene is EpiCept`s compound for the treatment of AML. Ceplene is designed to protect lymphocytes responsible for immune-mediated destruction of residual leukemic cells. Laboratory research has demonstrated that Ceplene reduces formation of oxygen radicals from phagocytes, inhibiting
NADPH oxidase and protecting IL-2-activated NK-cells and T-cells.
PROXYMED INCORPORATED (NASDAQ:
PILL) "Up 28.25% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N97&L05 ProxyMed, Inc., doing business as MedAvant Healthcare Solutions, is an information technology company that facilitates the exchange of medical claim and clinical information among doctors, hospitals, medical laboratories, and insurance payers. It connects payers with providers in a real-time environment for the purpose of transparently messaging administrative, financial, and clinical information. The company offers products and services to process healthcare transactions, including claims, ERA, eligibility, claims status, referral authorization, and encounters. Its claims processing services include real-time processing; myMedAvant, a real-time Web portal; electronic attachments to claims possible; ?Front door? pre-adjudication services; and same session claims processing. ProxyMed has strategic partnership with Bloodhound and The Sentinel Group. The company was founded in 1987 and is headquartered in Norcross, Georgia.
PILL News:
July 24 - MedAvant Wins Interim Approval From Bankruptcy Court for $2.9 Million in New Financing to Support Ordinary Course of Business in Chapter 11 Court Also Approves Motions to Pay Employees, Rebates and Critical Vendors MedAvant Healthcare Solutions (Nasdaq:
PILL) (MedAvant), a leader in healthcare technology and transaction services, announced that the United States Bankruptcy Court Judge presiding over its chapter 11 case in Delaware approved all of the initial motions presented at its first hearings important to the continued normal operations of the Company.
Among the motions approved by the Court on an interim basis include the debtor-in-possession financing commitment of $2.9 million in new liquidity by its senior lender Laurus Master Fund, Ltd. This was done to support the Company`s business operations during the chapter 11 case. In addition, the Court approved the Company`s motion to pay employee wages/benefits, honor its customer rebate programs ? both pre-petition balances and post-petition accruals ? and to pay certain critical vendors.
?We are very pleased with the Court`s rulings today and believe that they are important steps forward in our ongoing efforts to build a new, stronger company,? said Peter Fleming, MedAvant interim Chief Executive Officer. ?With the approval of all of our motions for new financing and to continue normal operations, our employees, our partners, and our customers will see nothing but a positive difference in our day-to-day business. We believe the judge`s approval underscores the fundamental soundness of our restructuring strategies.? The Company filed for chapter 11 protection on July 23 in order to address its debt burdens through a sale and restructuring process. As previously announced, the Company has agreed to sell substantially all its business to Marlin Equity Partners, subject to higher and better bids at an auction to be conducted under section 363 of the Bankruptcy Code. The Bankruptcy Court will hear the Company`s motion for approval of the bid procedures (including the setting of the bid and auction schedule) on August 4. The Company is requesting that initial bids be submitted by September 2 and that the auction itself be held on September 3 at the offices of its Delaware bankruptcy counsel Young, Conaway, Stargatt & Taylor. The Company`s lead bankruptcy counsel, Michael P. Richman, of Foley & Lardner LLP in New York, told the Court today that the Company expects there to be competitive bidding based upon expressions of interest received from a number of parties both before and since the chapter 11 filing.
ABOUT MEDAVANT HEALTHCARE SOLUTIONS MedAvant is a national connectivity network that connects payers with providers in a real-time environment for the purpose of transparently messaging administrative, financial and clinical information in order to lower total administrative costs, improve payer, provider and member relationships, and to ultimately improve clinical outcomes.
For more information, visit www.medavanthealth.com. MedAvant is a trade name of ProxyMed, Inc.
CANNON EXPLORATION INCORPORATED (OTC:
CNEX) "Up 40.00% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N97&L30 Cannon Exploration is positioning itself to emerge as a pre-eminent resource exploration company in the North American mining industry, and particularly properties located in preferred mining districts in Canada.
CNEX News:
July 24 - Cannon Exploration Inc. Announces Acquisition Exercises Option Agreement for up to 100% Ownership of "The Queen Alexandra" Gold Mine Cannon Exploration Inc. (OTC:
CNEX) announced that it has exercised its option to acquire 100% ownership of The Queen Alexandra Mine, located outside of Dryden, in Northern Ontario, Canada, having fully satisfied their requirements relating to the due diligence and initial earn in.
The Queen Alexandra Mine has known gold values, having produced gold in the past. Based on the historical data available, a recent geophysical testing program, completed by Cannon Exploration, demonstrated a possible extension of the mineralized zone.
Cannon Exploration Inc. will now begin full exploration of the Queen Alexandra property.
More information and data will be released in the coming weeks as it becomes available.
CRUISECAM INTERNATIONAL INCORPORATED (OTC:
CCMJ) "Up 24.49% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N97&L81 CruiseCam International, through its two operating subsidiaries, develops and markets integrated, "in-car" camera mount and recording systems for law enforcement, consumer, commercial and transportation applications, as well as for competition racing cars. The Company`s patented technology and industry-first "Cruisecam" offering have been developed since 1996, and are distributed nationwide. For more information, visit www.cruisecam.com.
CCMJ News:
July 24 - CruiseCam Receives Two Offers for Corporate Reverse Merger Over the course of the last two months, CruiseCam International, Inc.
(OTC:
CCMJ) has been approached by several companies interested in a corporate merger. Recent events have led management of CruiseCam International, Inc. to reconsider these offers. "The expanding interest in our products has provided us with an opportunity for substantial market penetration if the company has the wherewithal to supply that growing interest. We now believe that a partner who brings substantial financial backing would allow us to take full advantage of these opportunities as soon as possible," stated Scott Watkins, CEO of CruiseCam International, Inc.
The first offer has been communicated in a term sheet that would merge both a public and a private company into
CCMJ. The nature of the merger would include management resources, monetary influx and other considerable assets.
CCMJ has stipulated a counter offer that is being reviewed by the other party. The second offer includes the same terms but additionally would include new distribution channels which would provide new revenue opportunities. Because it is an established business entity, it has the capacity to provide capital for inventory, increased executive staff (especially financial officers), all of which will be beneficial to the continued successful operation of CruiseCam.
Negotiations with these companies are presently ongoing and CruiseCam International, Inc. anticipates the definitive conclusion of these negotiations within the next 4 weeks.
In support of the potential mergers and the pursuit of bringing the company`s filing current,
CCMJ is establishing a new accounting office in Miami, Florida.
It should also be noted that CruiseCam is in the process of updating the company website with contact information as well as other pages and expects the changes to be completed shortly.
Additionally, the production-ready system for the long-awaited VetteCam is now completed. The first production samples are being shown to customers presently. In recognition of this important development the company would like to acknowledge CruiseCam`s Vice President of Development, J.E. Lamont who is in charge of the China office and contracted manufacturing facilities in Guangzhou, China. This technology (VetteCam) extends itself to not only commercial trucking but has security applications as well. In addition, it will be made into a generic version to accommodate different styles of automobile seats. Furthermore, the product is modular, which allows the camera pod from the Corvette system to detach, therefore working on all the CruiseCam InCar(TM) camera mounts.
Mr. Watkins also stated that, "It has been brought to the company`s attention that Pinksheets.com has outdated information. This was a regrettable oversight on the part of the company and we apologize for that. We are taking the necessary measures to rectify this and it is our understanding that a change in company status on Pinksheets.com may take up to 30 days." The share structure as stated in previous press releases remains the same.
ROCKY BRANDS INCORPORATED (NASDAQ:
RCKY) "Up 33.50% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N97&L69 Rocky Brands, Inc. designs, manufactures, and markets footwear under the Rocky Outdoor Gear, Georgia Boot, Durango, Lehigh, and Dickies brand names. It also sells footwear under the Rocky label to the U.S.
military. The company offers footwear, apparel, and accessory items to hunting, fishing, camping, or hiking personnel; industrial and construction workers, and workers in the hospitality industry, such as restaurants or hotels; law enforcement, security personnel, and postal employees; and farmers and ranchers. It distributes its products through various distribution channels, including sporting goods stores, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, other specialty retailers, Lehigh Safety Shoes mobile and retail stores, Rocky outlet store, and Internet in the United States and Canada. The company was founded in 1932 and is based in Nelsonville, Ohio.
RCKY News:
July 24 - Rocky Brands, Inc. Announces Distribution Agreement for Eastern Europe Rocky Brands, Inc. (Nasdaq:
RCKY) announced that it has entered into a multi-year agreement with Rapala VMC Oyi for distribution of Rocky Outdoor branded hunting boots in Eastern Europe.
Headquartered in Helinski, Finland, Rapala is a global leader in the recreational fishing market. The company manufactures fishing lures, hooks, rods, fishing line, and other accessories and sells its products in more than 120 countries worldwide. In addition to its principal business, Rapala distributes hunting products such as guns and optics including brands like Remington, Bushnell, and Plano. The initial terms of the agreement include distribution in Finland, Russia, Estonia, Lithuania, Slovakia, Czech Republic, Latvia, Poland, Belarus, Kazakhstan, and Moldova.
Jorma Kasslin, CEO of Rapala, made the following comment regarding the new arrangement: ?Rapala has been expanding and building a strong worldwide distribution network and we are currently distributing a great number of first class fishing tackle and outdoor brands through this network. We are very pleased to add the well known Rocky brand to our distribution portfolio in Finland and East Europe. We are sure that this union will be successful and will create a win-win situation for both parties?.
Mike Brooks, Chairman and Chief Executive Officer, commented, ?We are very excited to announce this distribution agreement for Eastern Europe. The Rocky brand was introduced into the European market more than 15 years ago and has enjoyed success selling through a limited number of accounts across the continent. Importantly, Rapala has established a broad network of retail relationships around the globe that will allow us to expand our brand recognition, reach new consumers and further capitalize on the many international opportunities we believe exist for our Company.? POW! ENTERTAINMENT (OTC:
POWN) "Up 15.38% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N97&L44 POW! (Purveyors of Wonder) Entertainment, Inc., an advanced media and entertainment company with a first-look deal with Disney, was founded by world-famous comic book and motion picture icon Stan Lee, together with award-winning producer Gill Champion and intellectual property specialist Arthur Lieberman, Esq. POW!?s principals have extensive backgrounds in the entertainment industry encompassing the creation, production and licensing of original intellectual properties, including some of the most successful entertainment franchises of all time. POW!, capitalizing on this combined expertise, specializes in franchises for the entertainment industry, including animation and live-action feature films, plus television, DVDs, video games, merchandising and related ancillary markets, all of which contribute to global expansion. POW! partners with other individuals and entities of entertainment?s top echelon, including studios and networks, in the creation, licensing and distribution of new POW! character franchises.
POWN News:
July 25 - Walt Disney Studios Home Entertainment and Stan Lee`s POW! Entertainment Team Up For a Groundbreaking Event in Comic Book History The Walt Disney Studios Announced an Extension to Stan Lee`s POW Entertainment, Inc. Deal Stan Lee, visionary co-creator of Spider-Man, X-Men, Iron Man, The Hulk, Daredevil and the Fantastic Four, is teaming up with Walt Disney Studios Home Entertainment (
WDSHE) to introduce a revolutionary new concept in original superheroes and the comic book format: Time Jumper, which will become the industry?s most ambitious digital comic book series ever designed to release on multiple platforms. In addition to the ?Time Jumper? initiative, The Walt Disney Studios announced an extension of Stan Lee?s POW Entertainment, Inc production deal that covers all forms of media from movies and television through to publishing, games, the Internet and mobile-Web.
POW! Entertainment, Inc. (OTC:
POWN), Stan Lee?s media production company, in partnership with
WDSHE is developing the central arc of the story and mythology of Time Jumper. In tandem, Disney Interactive Media Group?s Disney Online and Disney Publishing Worldwide will be working collaboratively to develop their own made-for-medium content using the mythology across Web, mobile and a host of publishing platforms, and help augment digital distribution opportunities which will ensure an overall enhanced consumer experience.
Time Jumper is being written and developed to offer a dynamic opportunity for consumers to engage in a multi-dimensional narrative adapted specifically for various platforms, to maximize their experience and interaction with the characters and their universe trans-media. Consumers will have the accessibility to download single or multiple episodes onto a media platform of their choice anytime, anywhere, as well as purchase the comic book in print. The new digital comic book format combines the traditional print look and feel, including dialogue and thought bubbles, with today?s cutting edge multimedia elements, including edgy visuals, music, voices and a fast-paced storyboard, to take a classic genre into the next dimension.
Stan Lee said, ?I am honored to be in association with Disney, not only through the extension of our original deal, but also in breaking ground by creating a new superhero, that is destined to bring his own brand of thrills and adventure to so many varied forms of story telling as only Disney can provide them.? Lee continued, ?Our ?Time Jumper? is more than a typical superhero. He?s a trend-setting breakthrough across all media; a hero for today?s digital age and tomorrow?s multiplatform entertainment.? ?This is an exciting project for everyone involved, and our aim is to deliver great content, that will enrich and deepen the consumers experience,? commented Bob Chapek, Walt Disney Studios Home Entertainment Worldwide President. ?We feel that the dynamic delivery of this important Studio initiative, coupled with the fact that we are working in collaboration with such a master storyteller as Stan Lee, will make this an electrifying product.? ??Time Jumper? is a natural fit for interactive media and we?re thrilled to be working with such a creative visionary to help bring the story to life through multiple digital platforms including the Internet and mobile Web,? stated Paul Yanover, executive vice president and general manager, Disney Online. ?Our focus is to not only help deliver the story, but become an interactive part of telling the story of ?Time Jumper.?? ?Disney Publishing Worldwide is thrilled to give kids an incredibly unique reading experience through ?Time Jumper,?? said Russell Hampton, president, DPW. ?We are very proud to add Stan Lee`s comics and graphic novels in both print and digital formats to our rich heritage of storytelling.? ABOUT TIME JUMPER Terry Dixon, the greatest agent of the secret government organization known as
HUNT (Heroes United, Noble and True), has a cell phone like no other. Invented by Terry?s father, it?s called The Articulus and it has all the latest and greatest cell phone features ? plus one: it?s also a time machine! Ever mindful of the dangers of Articulus falling into the wrong hands, Terry?s father ensured that it can be operated by only two people on earth?Terry and his brother Sam. But Sam, the original Time Jumper, has been lost in time, forcing Terry, an unlikely hero, to step into his shoes. As Terry?s search for his brother propels him through space and time, he is pursued by Charity Vyle, the beautiful, diabolical head of a worldwide criminal cartel called
CULT (Council of Unlawful, Loathsome Terrorists), who wants Articulus for her own nefarious schemes. Each episode, Terry tries to stay one step ahead of his sworn enemy, while tracking down new clues to Sam?s whereabouts.
ABOUT
WALT DISNEY STUDIOS HOME ENTERTAINMENT Walt Disney Studios Home Entertainment, a recognized leader in the home entertainment industry, is the marketing, sales and distribution company for Walt Disney, Touchstone, Hollywood Pictures, Miramax and Buena Vista product, which includes DVD, Blu-ray Disc? and electronic distribution.
Walt Disney Studios Home Entertainment is a division of The Walt Disney Studios.
ABOUT DISNEY PUBLISHING WORLDWIDE Disney Publishing Worldwide (DPW) is the world?s largest publisher of children?s books and magazines, with over 400 children?s magazines published and 120 million children?s books sold each year. Disney Book Group (DBG) and Disney Global Magazines, part of DPW, publish books and magazines via both vertical publishing structures and through licensees around the world. DBG`s vertical imprints include Disney Editions, Disney-Hyperion Books, Disney-Jump at the Sun and Disney Press as well as Disney Libri in Italy. Headquartered in White Plains, NY and Milan, Italy, Disney Publishing Worldwide publishes books and magazines in 85 languages in 75 countries, reaching more than 100 million readers each month.
CARAUSTAR INDUSTRIES INCORPORATED (NASDAQ:
CSAR) "Up 20.00% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N97&L70 Caraustar Industries, Inc., through its subsidiaries, manufactures and markets recycled paperboard and converted paperboard products in the United States and Canada. It operates in four segments: Paperboard, Recovered Fiber, Tube and Core, and Folding Carton. The Paperboard segment produces uncoated recycled paperboard, as well as clay-coated recycled paperboard. The Recovered Fiber segment collects, sells, and brokers recovered fiber. The Tube and Core segment produces tubes and cores that are used in textile cores, paper mill cores, yarn carriers, carpet cores, and film, foil, and metal cores. It also manufactures specialty converted products used in industrial packaging protection applications. The Folding Carton segment manufactures folding cartons and rigid set-up boxes, which are used principally as containers for paper goods, hardware, candy, sporting goods, frozen foods, dry food, film, and various other industrial applications, including textile and apparel. The company, through its joint venture with Temple-Inland, Inc., produces a lightweight gypsum facing paper along with containerboard grades. Caraustar distributes its products through its own sales force, and divisional and corporate level sales personnel, as well as direct sales. The company was founded in 1938 and is based in Austell, Georgia.
CSAR News:
July 25 - Caraustar Announces Sale of Membership Interest in Premier Boxboard LLC to Temple-Inland First Step in Plan to Refinance 7.375% Senior Notes Caraustar Industries, Inc. (Nasdaq:
CSAR) announced that it has sold its fifty percent membership interest in Premier Boxboard LLC (PBL), to its joint venture partner, Temple- Inland Inc. (NYSE: TIN), for $62 million. Tax effects are expected to be minimal due to the company`s ability to utilize net operating loss carry forwards. Caraustar will use the proceeds of the sale to repay all outstanding debt under its Senior Credit Facility ? comprised of a term loan and a revolving credit facility ? totaling approximately $34 million. Excess proceeds of approximately $28 million as well as estimated availability of $44 million under the revolving line of credit will be available to the company for working capital and debt repayment needs.
Michael J. Keough, president and chief executive officer of Caraustar, stated, "The company is focused on executing its plan to refinance its 7.375 percent Senior Notes. Completing the sale of our interest in PBL is the first step in that plan and raises a portion of the funds necessary to refinance the company`s senior notes while mitigating exposure to the volatile housing market. Historically, paperboard production at PBL has been a mix of gypsum facing paper and medium.
Caraustar will continue to produce gypsum facing paper at its Sweetwater mill, including higher margin specialty grades such as its SafeFace MR(TM), a mold-resistant facing paper.
"The company has engaged J.P. Morgan Securities Inc. as its financial advisor to assist in evaluating its financial alternatives. In addition, the company is continuing its efforts to execute the remaining steps in its refinancing plan." Caraustar Industries, Inc. is one of North America`s largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The company is a socially responsible corporation, is committed to environmentally sound practices and is dedicated to providing customers with outstanding value through innovative products and services. Caraustar has developed its leadership position in the industry through diversification and integration from raw materials to finished products. Caraustar serves the four principal recycled boxboard product end-use markets: tubes and cores; folding cartons; gypsum facing paper and specialty paperboard products. For additional information on Caraustar, visit the company`s website at www.caraustar.com.
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