OTCPicks.com Daily Market Movers Digest Midday Report for Monday, February 1st
DLCR,
RVBF,
MFLI,
HDUP,
XPGH,
DLAD,
GLOB,
SKGO,
HPNN,
CNLG,
VIPR Our Stocks to Watch today include David Loren Corp. (OTC:
DLCR), Raven Biofuels International Corp. (OTC:
RVBF), Muscle Flex Inc. (OTC:
MFLI), HeadsUp Entertainment International Inc. (OTC:
HDUP), XcelPlus Global Holdings Inc. (OTC:
XPGH), DealerAdvance Inc. (OTC:
DLAD), Global Med Technologies Inc. (OTCBB:
GLOB), SkyBridge Technology Group Inc. (OTC:
SKGO), Hop-on Inc. (OTC:
HPNN), Conolog Corp. (Nasdaq:
CNLG) and
VIPR Industries Inc. (OTC:
VIPR).
Visit http://otcpicknews.com/emailmarketer/link.phpM940&N9&L1&F=T to register for our Daily Market Movers Digest Newsletter and Email Stock Watch Alerts.
DAVID
LOREN CORPORATION (OTC:
DLCR) "Up as much as 77% in early trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L15&F=T Company Profile:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L50&F=T Founded in 2006 by apparel industry executive David Loren, David Loren Corporation (www.davidlorencorporation.com) is engaged in the design, production and wholesale merchandising of quality `Moderate to Better- price point` women`s apparel to major department stores, mass merchants, specialty chains and direct-to-consumer merchants. Headquartered in Los Angeles, California, the Company designs and produces private label product and four distinct product lines that include David Loren Collection, David Loren Dress, David Loren Beverly Hills, and David Loren Studio. Each brand is differentiated by its own distinctive styling, pricing strategy, distribution channel, and target consumer. The Company contracts for the manufacture of its product lines through a worldwide network of quality manufacturers.
DLCR News:
February 1 - David Loren Corporation Issues Letter to Shareholders David Loren Corporation (OTC:
DLCR), a company engaged in the design, production and wholesale merchandising of quality clothing to major department stores, mass merchants, specialty chains and direct-to-consumer merchants, is pleased to issue this letter to its shareholders from Chief Executive Officer David Loren.
To David Loren Corporation Shareholders:
As most of you know, 2009 was a difficult year for the apparel industry.
The impact of a distressed global economy had many companies redefining their concept of success as survival. While we, too, had a challenging year, we continued working with focus, optimism, and the determination to not only maintain our existing vendor relationships but to create new opportunities in a fundamentally changed retail landscape. As we move forward into what appears to be a modest upswing in 2010, we are cautiously optimistic and determined to emerge from 2009`s economic downturn as a leaner, stronger and more competitive company.
In 2009 we significantly reduced our overhead by initiating some of the same survival strategies that our merchant customers employed including eliminating salaried and contract positions in favor of out-sourced relationships; reducing management and other administrative compensation; closing the Company`s New York office in a favor of a comparable gratis location; and eliminating an expensive Beverly Hills lease obligation.
While some of these cost reductions were difficult decisions, we believe that by making tough calls we were able to strengthen and leverage our operational capability and effectively move forward in a subdued retail climate.
In order to expand our sales force without adding significant overhead expense we have entered into arrangements with four independent sales and marketing professionals who have strong relationships with over a dozen major merchant retailers spanning different retail categories. We have identified and targeted certain of these new merchant retailers by evaluating product needs that are complimentary to our design and production strengths. With seasoned sales representatives in both New York City and Los Angeles we will also be able to more effectively maintain continuity and consistency with our merchants.
Our existing vendor relationships are with some of the most successful and resilient merchants in the country. We will continue to develop and present quality product for these retailers even as we target new ones.
In December 2009 we had the opportunity to present an exclusive brand initiative to a retailer that has not only a strong domestic but also a global presence. After our initial presentation we were invited to present a detailed merchandising plan for the brand. We are strongly committed to this brand concept and should we be unsuccessful with this retailer, we will look for another home for this product line.
We recently entered into serious discussions to develop an American-made David Loren Home product line which would include both hard and soft home furnishings in David Loren-designed fabrics. If we are successful with this project it will be a major expansion for the David Loren brand.
Even as we promote the David Loren brand to our existing merchant apparel customers, our primary focus for 2010 will be "private label" product for proprietary brands owned by merchant retailers.
We continue to have a mutually favorable production and production financing agreement with a large independent production partner. This arrangement provides the Company with direct access to vendor-approved factories in Viet-Nam, Madagascar and China, and eliminates many costly factoring fees and expenses. Our experience in this relationship has exceeded our expectations for both production quality and timely delivery.
My plans and goals for 2010 are focused on creating sustainable, profitable growth over the long term by continuing to create a quality product; expanding our brands; nurturing our existing merchant relationships even as we continue to develop new ones; and maintaining operational excellence.
I would like to thank all of you for your continued support. I am inspired by your interest in and enthusiasm for David Loren Corporation and I remain committed to doing everything I can to justify your confidence in our Company and to create shareholder value.
Sincerely, David Loren Chief Executive Officer
RAVEN BIOFUELS INTERNATIONAL INCORPORATED (OTC:
RVBF) "Up 25.00% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L36&F=T Company Profile:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L37&F=T Raven Biofuels is a clean energy technology company focused on developing technologies to produce transportation fuels and green chemicals from waste or biomass. Raven plans to build integrated biorefineries using proprietary technology.
RVBF News:
January 29 - Raven Biofuels Updates Joint Venture Status With Canadian Development Partners on Biorefinery Project Raven Biofuels International Corporation (OTC:
RVBF) ("Raven" or the "Company") updates shareholders on the Joint Venture (JV) between Raven Biofuels Ltd (RBL) and the Kamloops Indian Band (KIB). The purpose of the RBL/KIB JV is to further the planning required to construct a "next generation," advanced cellulosic ethanol biorefinery (The Tk`emlups Biorefinery Project). This project responds to current initiatives in British Columbia to develop new environmentally sustainable technologies and innovation opportunities in the forestry sector.
The joint venture (JV) agreement outlines the main terms of the contributions and cooperation of the parties for development of the Biorefinery utilizing technology and expertise provided by Raven and fibre supply and other resources provided by KIB. Under the agreement KIB will retain a (51%) interest in the Biorefinery and have an option to participate in other related business opportunities in Canada.
The JV intends to: identify and secure a suitable industrial site with access to power, steam, road, rail and 15+ acres located in the Kamloops area; work with Sandwell Engineering to determine process improvements, design, costing and permitting; and conduct all necessary studies to prove feasibility.
KIB brings significant access to feedstock resources secured via a multi-year Provincial forestry agreement in which KIB has rights to 124,000 cubic metres of beetle-killed wood within the Kamloops Timber Supply Area.
The forestry agreement augments a forest and range agreement signed by the band in 2005, which granted $2.5 million in shared revenues and 272,000 cubic metres of timber over five years.
The proposed Biorefinery is commercial scale with an annual output of 7 million gallons (7 MGY) of fuel grade ethanol and 4 million gallons (4 MGY) of furfural, furfural alcohol, related eco-friendly derivative chemicals and lignin cake. This will require a continuous supply of approximately 500 dry tons / per day of cellulosic waste. This feedstock would primarily be wood chips from regionally-sourced, mountain pine beetle-killed wood as well as other appropriate residue from fibre in the area.
The Biorefinery when completed would employ approximately 30 people directly and provide other related regional economic benefits such as the ongoing provisioning of feedstock to the refinery and further plan to assess the possibility of training programs undertaken by Raven in conjunction with local technical schools for the purpose of establishing employment opportunities for band members in plant operations.
Company Management, in conjunction with its engineering firm, will conduct an assessment of all necessary permitting and conduct a full environmental survey in accordance with government guidelines.
Further specifics outlining the agreements between both parties will be made upon completion of negotiations, full details of which will be made publicly available at that time as part of the Company`s regulatory disclosure filings with the Securities and Exchange Commission ("SEC").
ABOUT KAMLOOPS INDIAN
BAND (KIB) The Tk`emlups Indian Band is a progressive community committed to attaining self-sufficiency and independence through education and economic development.
The Tk`emlups Indian Band is an economically diversified First Nations organization and government. By creating economic opportunities for our people through careful strategic planning with high regard to the wisdom of our elders, and respect for our history, we ensure the economic health and wellness of our reserve.
January 28 - Raven Begins In-Depth Study for Tk`emlups Biorefinery Project Raven Biofuels International Corporation (OTC:
RVBF) ("Raven" or the "Company") announced that its Canadian Development Partner, Raven Biofuels Ltd (RBL) and Joint Venture Partner, The Kamloops Indian Band (KIB), have retained a leading Canadian forestry consulting firm specialising in resource inventory and analysis to complete a comprehensive fibre study in conjunction with the Tk`emlups Biorefinery Project.
The overall objective of this study is to define the 20-year economic wood fibre tributary to the planned Tk`emlups Biorefinery facility. In order to meet this objective the following will be defined:
* Define the appropriate fibre attributes; * Complete a fibre supply overview; * Determine cost estimates by fibre source; * Identifiy various fibre sourcing options; and * Provide recommendations to economically secure the required fibre.
John Sams, President of Raven Biofuels, commented, "This is one of many key steps towards locking in the viability of a biorefinery. I am pleased that our Canadian partners are laying the foundation by extensively analysing these issues." The proposed 11 million gallon per year (11MGY) integrated biorefinery could be one of the first of a commercial scale in North America. British Columbia, Canada has immense possibilities for the use of waste wood generated from the forestry sector and pine beetle devastated forests. The BC Ministry of Forests and Range estimates that as of 2008 the cumulative area of provincial Crown forest affected to some degree by the pine beetle (red-attack and grey-attack) was about 14.5 million hectares. The ministry also estimates that a cumulative total of 620 million cubic metres of timber have been affected since the current infestation began.
The study will focus on wood fibre economically accessible to Kamloops.
This overview will include fibre from the Kamloops Timber Supply Area (TSA), along with the Merritt, Okanagan, Lillooet and 100 Mile TSA`s. Fibre from private land, Indian reserve, tree farm licences, community forests and woodlots will not been included in this study due to lack of consistent publically available data for these land tenures. Also, fibre in the form of mill residuals (chips) is not within the scope of this study.
MUSCLE
FLEX INCORPORATED (OTC:
MFLI) "Up 8.11% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L0&F=T Company Profile:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L2&F=T Muscle Flex Inc. brings new products to market using direct response TV infomercials specializing in the health, fitness, wellness and hygiene sectors. As well, Muscle Flex Inc. develops and creates general television content for network and cable television distribution. Muscle Flex`s corporate strategy is to develop new and innovative products for sale and distribution via its proprietary direct response marketing system and the creation of television media and shows for general network and cable broadcast.
MFLI News:
January 27 - Muscle Flex to Make a Major Media Announcement on Tuesday, February 2, 2010 Regarding Its Defining Television Project Muscle Flex Inc. (OTC:
MFLI) (www.MuscleFlex.com) announced that it will make a major media announcement on Tuesday, February 2, 2010 with regards to its company defining television project. Muscle Flex Inc. has been developing this media project for several months and has worked with its marketing partner TLK Fusion (www.TLKFusion.com) to bring the project to an advanced stage of development with some of Hollywood`s most influential players.
In November 2009, Muscle Flex signed with Hollywood heavyweight public relations and marketing firm TLK Fusion. With TLK Fusion`s influential relationships within the entertainment industry, the Muscle Flex media project was introduced to some of Hollywood`s elite. During the past two months, both Muscle Flex and TLK Fusion have developed the project to an advanced stage in concert with a number of Hollywood`s most influential and powerful entities.
"I describe this Muscle Flex project as a `company defining media project` given the size and scope of the project and the individuals involved," commented Danny Alex, CEO of Muscle Flex Inc. "On February 2, we will be in a position to provide investors with details of the project as well as additional information with regards to our partners who are helping bring this project to reality. At this point, everyone who has been introduced to the project has been very eager to be involved which has validated all of the work that has been put into it thus far as well as its viability." HEADSUP ENTERTAINMENT INTERNATIONAL (OTC:
HDUP) Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L39&F=T Company Profile:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L43&F=T HeadsUp Entertainment International Inc. is a global media and entertainment company engaged in the creation of branded entertainment through the development, production and marketing of televised programming based on poker and other entertainment themes. For more information see the Company`s websites www.headsupentertainment.com and www.canadianpokertour.tv.
HDUP News:
January 21 - HeadsUp Entertainment International Inc. Announces That Richard Webb Repeats As Canadian Poker Tour National Champion In a weeklong series of poker tournaments and parties, the 2010 Canadian Poker Tour`s Kickoff Series was held at the Deerfoot Inn and Casino in Calgary. A series of 6 events featured over 500 entrants and prize pools exceeding $400,000. The weekend was capped off with the CPT Players Championship event in which the top 50 points earning players from across the country in 2009 competed for $250,000 in sponsorship contracts for the 2010 season from the CPT. The event featured a player friendly structure with 20,000 in starting chips and one hour blind levels and was witness to some of the tightest play witnessed this year in Canadian Poker.
After 2 solid days of play this year`s champion was no stranger to success as Richard Webb from Grand Bend, Ontario repeated as champion and will reign for another year as Canada`s top player. With his victory, Richard again wins a one year sponsorship contract from the CPT which allows him to play in events around the world in 2010 representing Canada and the CPT.
This year 5 subsidiary contracts were also awarded worth $25,000 to represent Team CPT across Canada in 2010. Winners of these contract were Jody Fayant (Edmonton), Steven So (Calgary), Bill Thomson (Calgary), James Werry (Winnipeg) and Mary Gabriel (Edmonton).
The Canadian Poker Tour has now launched its 2010 season which will feature over 560 events from coast to coast and is continuing to build its tournament infrastructure with new events about to be added. Players can join the tour by becoming a member of the CPT with a purchase of an annual member ship for $95 plus GST which includes an annual subscription to Canadian Poker Player Magazine, a starter pack of CPT merchandise, discounted registration fees to selected CPT events and players will accumulate points by cashing in any sanctioned CPT event.
The Canadian Poker Tour and Canadian Poker Player Magazine are owned and operated by HeadsUp Entertainment International Inc. (OTC:
HDUP).
XCELPLUS
GLOBAL HOLDINGS INCORPORATED (OTC:
XPGH) Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L29&F=T Company Profile:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L32&F=T Xcelplus Global Holdings, Inc., a development stage company, develops and produces federally compliant biomass based renewable fuels for the light, medium, and heavy industries. Its product lines include synthetic fuel oils, biomass release agent, and btu enhancer. The company holds various technologies and licenses them for manufacturing and distribution. Its technologies include digiflex, lubrilon, alternative energy centers, E85 flex lube centers, diesenol, glycoal, and glyclene. The company is headquartered in Dothan, Alabama.
XPGH News:
January 29 - XcelPlus Global Holdings Aims to Bolster Bottom Line Through New Markets, Return of `Green` Subsidies XcelPlus Global Holdings, Inc. (OTC:
XPGH) is building on the solid financial ground it established in 2009, driving higher profit margins by expanding the use of its biofuels to industries such as paper mills and lime kilns. The company`s audited financial statement is due to be released in late February and a favorable report is expected.
"We spent a large part of last year growing the company to a financially sound and debt-free position," said J. Michael Parsons, president and CEO of XcelPlus Global Holdings. "Now we`re focused on finding new markets that will benefit from our fuels, as well as new supplier relationships to help us meet demand." The company produces biofuels from plant oils, fats and other waste stream products from various sources.
"We`ve had great success in the asphalt/road construction sector, but we see even greater potential with paper mills, due to the large amounts of fuel they use, as well as with lime kilns," said Parsons. The lime industry is a significant carbon dioxide emitter, due partially to the burning of fossil fuel to generate the more than 1,650 degrees Farenheit temperature required to create the quicklime. "There are fuel efficiencies as well as environmental advantages to burning our fuel," continued Parsons. "And those are strong points to make with both of these industries." The company also expects a boost to its bottom line with the reinstatement of government subsidies for green fuels that expired at the start of this year. The federal government is expected to reinstate subsidies for alternative energy initiatives by early Spring.
DEALERADVANCE INCORPORATED (OTC:
DLAD) "Up 100.00% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L6&F=T DealerAdvance, Inc. engages in the design, development, marketing, sale, and installation of a Web-based application software and database system that manages the auto dealer-client relationship in the United States. The company offers WebDA that allows automobile dealers to capture a customer`s contact and vehicle information, purchasing requirements, and gives dealership personnel the ability to search inventory in their DMS inventory systems. This search feature can be used to search inventory at multiple locations, and enables dealership personnel to locate an appropriate vehicle in stock and print out the necessary forms to complete the purchase or lease deal.
DLAD News:
February 1 - DealerAdvance Announces Spectrum Broadcasting`s Contract Signing on
KZAM-FM, Wichita Falls, Texas DealerAdvance, Inc. (OTC:
DLAD) (to become Cabal Communications Corporation) announced Spectrum Broadcasting has signed the Asset Purchase Agreement for the purchase
KZAM-FM, Wichita Falls, Texas.
DealerAdvance CEO Steven Humphries in making the announcement said, "Late last year the Company consummated an equity purchase in Spectrum Broadcasting based upon an LOI that Spectrum had signed to purchase
KZAM-FM. We are pleased that Spectrum has signed the Asset Purchase Agreement to purchase the station license, facilities and tower site.
Spectrum and the Seller will be filing an application for transfer of control with Federal Communications Commission (FCC) this month, which usually takes about 90 days for final approval." In late 2009 DealerAdvance announced that it would become a broad-based media company with holdings in the print, broadcasting and billboard industry under the name Cabal Communications Corporation (the name change is still pending approval of FINRA).
Humphries also commented on the pending name change saying, "Our attorney received and answered what we believe are the final comments from FINRA on the pending name change last week. We are hopeful that the approval will be forthcoming shortly."
GLOBAL MED TECHNOLOGIES INCORPORATED (OTCBB:
GLOB) "Up 62.16% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L51&F=T Global Med Technologies, Inc. is an international healthcare information technology company which develops regulated and non-regulated products and services for the healthcare industry. As a leading provider of blood and laboratory systems and services, Global Med`s products are deployed in 20 countries and serve over 2,100 transfusion centers, blood banks and laboratory sites. Global Med`s division, Wyndgate Technologies, is a leader in software products and services for donor centers and hospital transfusion services. Wyndgate`s eDonor product offers innovative web-based tools for donor relationship management. Hemo-Net, Wyndgate`s remote hosting service, provides secure, economical solutions for healthcare organizations. PeopleMed, Inc., a Global Med subsidiary, implements cost-effective software validation, consulting and compliance solutions to hospitals and donor centers. Global Med`s European subsidiary, Inlog, SA, is a leading developer of donor center and transfusion management systems as well as cellular therapy software, laboratory information systems and quality assurance medical software systems internationally.
GLOB News:
February 1 - Haemonetics Announces Definitive Agreement to Acquire Global Med Technologies, Inc.
Strategic Acquisition Broadens Blood Management Software Solutions to Customers across the Blood Supply Chain Haemonetics Corp. (NYSE: HAE) and Global Med Technologies, Inc. (OTCBB:
GLOB) announced a definitive agreement under which Haemonetics will acquire Global Med for approximately $60 million in a cash tender offer.
As a global leader in blood management solutions, Haemonetics helps plasma fractionators, hospitals and blood collectors to improve clinical care and lower costs by optimizing the collection, processing, and use of scarce blood resources. Haemonetics` broad product offering includes blood collection and separation technologies, surgical blood salvage systems, and diagnostic products for enhanced blood management in the surgical setting.
Haemonetics also markets information technology platforms and consulting services to help manage the blood supply chain and improve blood management practices.
Global Med is a healthcare information technology company which markets a breadth of software solutions and services that span the blood supply continuum, from blood collection to the hospital transfusion center to the patient care environment.
Under the terms of the agreement, Haemonetics will commence a tender offer to purchase all outstanding shares of Global Med`s common stock at $1.22 per share and preferred stock at approximately $1,694 per share. The tender offer is conditioned on the tender of a majority of the outstanding shares of Global Med`s common and preferred stock, and subject to other customary closing conditions. The $60 million estimated net value of the transaction is based on Global Med`s 49 million diluted common equivalent shares outstanding. Haemonetics will fund the acquisition from available cash and anticipates that it will continue to have more than $100 million in cash on the balance sheet at fiscal year end.
Brian Concannon, President and CEO of Haemonetics, said, "Efficient blood management is now being recognized as a critical component of improving clinical care while reducing cost, and Haemonetics is the only company positioned to address the needs of both the blood collection and transfusion markets. Software is a key enabler for blood management, enhancing productivity, regulatory compliance and quality. Global Med`s software offerings are a strategic complement to our existing products and will allow us to offer customers an end-to-end software solution for blood management, from donor recruitment to the patient transfusion." Michael I. Ruxin, M.D., Chairman and CEO of Global Med, added, "The integration of our two companies is very exciting. We share a common strategy to provide blood management tools to hospitals and blood centers that improve patient care and reduce costs. In the blood management arena, Global Med brings a broad-based information technology platform offering that spans the blood supply chain, while Haemonetics brings devices, software, and consulting services for optimal blood management. This merger is especially advantageous to our customers, as well as the blood center and hospital transfusion industry because we believe our combined organizations can provide expanded access to new technologies and innovative products while leveraging the efficiencies of a larger organization." Global Med`s domestic companies include Wyndgate Technologies, a leader in software products and services for donor centers and hospital transfusion services; eDonor, which offers web-based donor relationship management systems; PeopleMed, which implements cost-effective software validation, consulting and compliance solutions to hospitals and donor centers, and Hemo-Net, which offers hosting solutions for those customers wishing to outsource the operation and maintenance of their databases.
Global Med`s European subsidiary, Inlog SA, is a leading developer of donor center and transfusion management systems as well as cellular therapy software, laboratory information systems and quality assurance medical software systems internationally. Global Med had $24 million in revenues through the first nine months of its current fiscal year.
Haemonetics expects the transaction to close in its fourth quarter fiscal 2010. Excluding the impact of one time costs associated with the transaction, Haemonetics anticipates minimal dilution to earnings per share in fiscal 2010 which is included in its updated guidance range of $2.80-$2.85 per share. The Company will review further details on its third quarter fiscal 2010 earnings webcast scheduled for today, February 1, 2010, at 10:00 am Eastern time.
SKYBRIDGE TECHNOLOGY INCORPORATED (OTC:
SKGO) "Up 26.98% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L37&F=T SkyBridge Technology Group, Inc. operates a wireless Internet business in the Southern Nevada. It delivers Internet service over radio wave technology. The company, through its subsidiary, Sierra Pacific Aviation, Inc., offers various services, including personal training of pilots, private air transportation, dealing in purchasing and selling planes for customers, and managing planes owned by individuals and hanger storage of these aircrafts. The company was founded in 2002. It was formerly known as SkyBridge Wireless, Inc. and changed its name to SkyBridge Technology Group, Inc. in 2006. SkyBridge Technology Group is headquartered in Las Vegas, Nevada.
SKGO News:
January 29 - SkyBridge Technology Finalizes Merger with Chinese Manufacturer SkyBridge Technology Group, Inc. (OTC:
SKGO) announced that the company had finalized the merger with the Chinese Jiangxi Sanhe Science and Technology Co., Ltd. (`Sanhe`).
SKGO has been in the process of evaluating strong and strategically balanced partners for their plans to successfully raise the shareholder value and secure a solid future growth for the company.
SKGO completed the Jiangxi Sanhe Science and Technology Co., Ltd. merger with a common share exchange (restricted shares) of approximately 600 million shares.
Sky Bridge Technology welcomes and introduces Jiangxi Sanhe Science and Technology Co., Ltd. to its shareholders and followers.
Jiangxi Sanhe Science and Technology Co., Ltd. produces and distributes environmentally friendly and recyclable `plastic wood`. This environmental product doesn`t hold any toxic residues of benzene, ammonia or formaldehyde, and it`s entirely environmentally friendly and biodegradable.
This product suits flooring, ceilings, internal and external wall panels, furniture, and other urban and rural installations. The company`s products hold ISO9001-2000 quality certification and ISO14001-2004 environmental certification and the company received Jiangxi Province High-Tech Enterprise Certificate in 2006.
New incoming
SKGO Ms. Yang Yu Fang CEO said, "This is tremendous news for both Sanhe and
SKGO. I think the shareholders must appreciate the work of the
SKGO management and its corporate advisors in raising this company from the dust. Sanhe brings value to
SKGO shareholders, and we can`t wait to get down to business. The `plastic wood` lays at the center of Sanhe production and the company seeks ways to expand and find export opportunities for North America. Besides the plastic wood, the company also holds patents for earthquake-resistant building design and an effective wind turbine dynamo.
We believe the shareholders greatly appreciate what`s happening with SkyBridge today as we will strive to continuously increase the value of the company." This merger is based on the targeted merger companies being able to meet and exceed both management and long-term shareholders reasonable expectations. The
SKGO management works in concert with its preferred shareholders, certain accredited investors and its M&A advisors on this merger and has developed a complex preferred share exchange arrangement.
The result will see
SKGO current (both common and preferred) share structure unchanged and undisturbed for an estimated 12 to 24 months after the merger date.
Within the next 5 to 7 business days the company plans to issue a CEOs message, video and still images of the Sanhe factory and infrastructure in China.
Copies of patents will be filed with Pink Sheets along with other relevant documents relating to Sanhe shortly.
Ms. Yang Yu Fang CEO, Ms.Sun Xi Managing Director and Ms. Peng Yan Director of Sanhe intend to attend Shareholders Business and Expo Conference hosted by
SKGO`s M&A firm Mina Mar Group to be held in Toronto Canada April 9, 2010. Sanhe and
SKGO management invite their shareholders and followers to visit the
SKGO booth at the conference. Sanhe along with reps from
SKGO`s USA based operating subsidiary Shot In The Gas (www.shotinthe gas.com) will be available to answer any questions relating to their business, where both companies will demonstrate some of their technology and will make available samples of their products.
HOP-ON INCORPORATED (OTC:
HPNN) "Up 19.28% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L40&F=T Hop-on (OTC:
HPNN) develops and markets wireless phones and accessories for emerging market and other domestic carriers and is best known for developing the world`s first disposable cell phone. Currently, Hop-on is expanding into value-added services, like mobile gambling and SMS wagering.
Hop-on`s exclusive software will allow users to stream live interactive feed from legal jurisdictions to play poker, blackjack, roulette and baccarat on personal cell phones. For more information, visit www.Hop-on.com.
HPNN News:
January 28 - USACIG and Hop-on Address Tobacco Smokers` Demands for Change Hop-on, Inc. (OTC:
HPNN) and USACIG, Inc. are driven to lead the way in reducing smokers` health concerns by being a leading provider of electric cigarettes, says USACIG President Jay Pignatello.
"We are at a turning point where we, as a nation, are researching and producing new ways and technologies to create a more holistic and natural approach to living. Solar panels are replacing energy components that are toxic to our environment. The automobile industry is creating a new generation of vehicles that help keep our air cleaner. USACIG has created a product that is changing the tobacco industry. Electric cigarettes eliminate burning tobacco. No burning stops over four thousand carcinogens found in a standard cigarette from finding their way into the body. Our electric cigarette delivers a controlled nicotine burst via water vapor that helps insure the safety of our loved ones and also eliminates secondhand smoke, which has been proven to be harmful to others," Pignatello said.
Peter Michaels, President of Hop-on, stated, "The recent legal developments here in the US have opened the door so our company can effectively launch the USACIG products in the US. Our products have virtually none of the cancer-causing chemicals of traditional cigarettes, but the FDA says it has not been proven safe. Our goal with USACIG is to prove our products are safe, affordable for everyone and profitable for our company. We experienced no issues importing our electronics into the US market. Our product is better, less expensive, and the technology behind our cigarettes is made in America." US District Judge Richard J. Leon made a landmark decision against the FDA. "This case appears to be yet another example of FDA`s aggressive efforts to regulate recreational tobacco products as drugs or devices," Judge Leon wrote.
With the passage of landmark tobacco legislation last year, Judge Leon added, the Food and Drug Administration`s new tobacco division will be able to regulate the contents and marketing claims of e-cigarettes in the same way it is about to begin regulating traditional tobacco products. But the agency`s drug division cannot ban the devices, the judge ruled.
ABOUT USACIG, INC.
USACIG is the only US-based manufacturer making the actual nicotine cartridges/products in the US. The Electric Cigarette is an alternative to traditional tobacco products. It is a battery-powered device providing inhaled doses of nicotine by delivering vaporized water, propylene glycol, nicotine solution and other non-carcinogens. In addition to nicotine delivery, this vapor also provides a flavor and physical sensation similar to that of inhaled tobacco smoke, while no tobacco, smoke, or combustion is actually involved in its operation. USACIG, Inc. is a US-based manufacturer of "The Electric Cigarette" and "The Electric Cigar." USACIG manufactures its cartridges in the United States and the electronics are manufactured in China. USACIG also has US-based doctors on its board monitoring and supervising medical related issues or opportunities.
CONOLOG CORPORATION (NASDAQ:
CNLG) "Up 66.35% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L7&F=T Conolog Corporation is a provider of digital signal processing and digital security solutions to electric utilities worldwide. The Company designs and manufactures electromagnetic products to the military and provides engineering and design services to a variety of industries, government organizations and public utilities nationwide. The Companys INIVEN division manufactures a line of digital signal processing systems, including transmitters, receivers and multiplexers.
CNLG News:
February 1 - Conolog Announces Advance Orders for 280 Systems and Other Equipment Valued at over $1,900,000 Conolog Corporation (Nasdaq:
CNLG), an engineering and design company that provides digital signal processing solutions to global electric utilities, announced today receiving advance orders for its PDR systems and other communication equipment valued at over $1,900,000 with deliveries to be scheduled over the next fiscal year.
Chairman of Conolog Robert Benou stated, We are gratified that our new products and legacy components are increasing in demand.
Benou added, The Company will continue to control its production efforts and look forward to the production and marketing of our Glow Worm and the design and introduction of the CM100 Multiplexer.
VIPR INDUSTRIES INCORPORATED (OTC:
VIPR) "Up 8.33% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N9&L7&F=T
VIPR Industries, Inc. offers construction and mining services. It owns and operates gold and uranium mines in Tanzania and Democratic Republic of the Congo. The company, formerly known as Synergy Media, Inc. is headquartered in Toronto, Canada.
VIPR News:
January 5 -
VIPR Announces Notification Of The Arrival Of Equipment and Key Personnel To Its Misangachuki Singida-Londoni Gold Property For Commencement Of Its Pitting and Trenching Exploration Program
VIPR Industries Inc. (OTC:
VIPR) ("
VIPR") announces update to its next phase of exploratory work which has commenced on its Misangachuki Singida-Londoni gold prospect property, Tanzania.
VIPR and its management have been informed by
JICL Consulting of the arrival of key personnel and equipment to its Misangachuki Singida-Londoni gold prospect property, which is on schedule and as planned. As announced in its recent press release,
VIPR Industries (the "Company") has initiated an additional pitting and trenching exploration program on its Misangachuki Singida-Londoni property, located in Tanzania. Included will be a ground magnetic geophysics, sampling program and geological mapping of the terrain. More detailed information on this program can be viewed on its website and previous press release of December 10, 2009. As previously indicated, depending on various factors including weather, the program is anticipated to last anywhere between 60 to 120 days.
Target zones for the sampling were previously identified from data received on past work performed. The additional results derived from this program will be used to isolate a possible drilling program along with a possible NI 43-101 report should the results prove positive to warrant such programs.
The property is situated at the Misangachuki village in the Singida region, north east of Singida town in Tanzania and referenced by 20 licenses. The property is situated within the Londoni greenstone belt, in close proximity to Shanta`s Singida project, drilling results have intersected up to 2 meters @ 512 g/t and results indicate a significant gold resource of over 543,000 oz which has since been upgraded to include additional resources.
In addition, to this round of exploration the company is actively searching and reviewing other potential acquisitions that may be in more advanced stages and/or possess significant potential. Further updates to be made available.
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