OTCPicks.com Daily Market Movers Digest Midday Report for Tuesday, February 9th
MFLI,
FRMC,
OPMG,
BMGP,
DLCR,
NNBP,
CHTL, COIN,
VSCP,
CBAI,
IRSN Our Stocks to Watch today include Muscle Flex Inc. (OTC:
MFLI), FormCap Corp. (OTC:
FRMC), Options Media Group Holdings Inc. (OTCBB:
OPMG), Biomagnetics Diagnostics Corp. (OTC:
BMGP), David Loren Corp. (OTC:
DLCR), Nanobac Pharmaceuticals Inc. (OTC:
NNBP), ChinaTel Group Inc. (OTCBB:
CHTL), Converted Organics Inc. (Nasdaq: COIN), VirtualScopics Inc. (Nasdaq:
VSCP), Cord Blood America Inc. (OTCBB:
CBAI) and Irvine Sensors Corp.
(Nasdaq:
IRSN).
Visit http://otcpicknews.com/emailmarketer/link.phpM940&N3&L1&F=T to register for our Daily Market Movers Digest Newsletter and Email Stock Watch Alerts.
MUSCLE
FLEX INCORPORATED (OTC:
MFLI) "Up 13.64% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L0&F=T Company Profile:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&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:
February 9 - Muscle Flex and its Partners, TLK Fusion & Wesley Morris Entertainment, Confirm Discussions Underway with a Number of Hollywood Celebrities for The Complete Package, Reality Television Show Muscle Flex Inc. (OTC:
MFLI) (www.MuscleFlex.com) confirmed that, along with its partners TLK Fusion (www.TLKFusion.com) and Wesley Morris Entertainment (www.WesleyMorris.com), discussions were underway with a number of Hollywood celebrities to appear in The Complete Package Pilot and opening episode scheduled for shooting on February 27 and 28 at HD Vision Broadcast Center in Studio City, CA. Muscle Flex shall provide specific names and roles of the celebrities upon their final confirmation.
We have had detailed discussions with a number of celebrities that fit the roles and capacities that we are looking for in The Complete Package Pilot and opening episode, commented Danny Alex, CEO of Muscle Flex.
The response has been incredible in that everyone that has been approached has been excited at the prospects of being involved in The Complete Package, in search of Miss Muscle Flex.
The Complete Package Reality Television Show The Complete Package, a new reality television show, merges Victorias Secret style and attitude with The Apprentice business savvy. The Complete Package was created by Danny Alex, CEO of Muscle Flex, Inc., the health, fitness and lifestyle company best recognized for its exclusively female, sassy
VATA Sports Collection (www.MuscleFlex
VATA.com). The chosen winner of the show will be named the seasons official Miss Muscle Flex representative.
www.MissMuscleFlex.com Thousands of women in all shapes and sizes are expected to participate for a chance at winning the title. The winner will be selected on the following criteria: Beauty, Business Smarts, Fitness, Fashion Sense, Intellect, Sex Appeal, Confidence, Spirit and Heart. The judging line-up will feature Danny Alex with his fellow celebrity judges.
Danny Alex states: Who is The Complete Package This show will redefine what sexy is in America and we are looking for all of it! The Complete Package is searching for the new face and image of Muscle Flex for one season. What will the winning contestant receive The whole Hollywood experience! A contract representing Muscle Flex in advertising, red carpets and other public appearances, photo shoots, special promotions, corporate events as well as giving their smarts in the boardroom.
The 10-episode series will incorporate all of the drama, humor and the unexpected that comes when women compete. How does a beautiful woman get prepared for the opportunity of a lifetime What decisions go into make-up, hair, wardrobe, and attitude to standout from the rest What interaction takes place when theyre living with the competition Whos their friend and whos their enemy This is a 24/7 competition never out of the eye of the camera. Special features in the show will include fashion couture on-a-budget, a swimsuit contest, perseverance, endurance, fitness, sales and business acumen, public appearances, and getting real in the must see and hear Truth Booth. Each week one contestant will be eliminated until only one winner stands in the spotlight.
The audience will also get to follow Dannys day-to-day business operations, the building of his brand and the interaction between his Muscle Flex staff and the contestants in a Beverly Hills, 90210 setting.
And that`s just season one! Which contestant will demonstrate the best staying power Stay tuned! The Complete Package is co-executive produced by Bill Garnet and Jacque Lueth (both with Wesley Morris Entertainment, Inc., responsible for such shows as Battle of the Network Stars, The Superstars).
Also joining the team as co-executive producers are Alex and his marketing partners, Ken Collis and Tracy Keyser of TLK Fusion Entertainment, Inc.
In a joint statement from the co-executive production team, "We are extremely excited about producing a show that empowers women. Our goal for The Complete Package is to bring an edge with a taste of style to reality television." FORMCAP CORPORATION (OTC:
FRMC) Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L85&F=T Company Profile:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L92&F=T FormCap is a reporting issuer with the shares traded on the Pink Sheets. FormCap holds 100% Working Interest (80% Net Revenue Interest) in the 4,900 acre Weber City Prospect located in Curry County, New Mexico.
Formcaps mandate is to seek out highly prospective oil and gas properties for acquisition, exploration and development.
FRMC News:
February 8 - FORMCAP Increases Land Position in New Mexico Acquisition increases land position in prolific Permian Basin by 20% FormCap Corp. (OTC:
FRMC) announced that it has increased its acreage position in the Permian Basin by approximately 1,000 gross acres to 5,800 acres of oil & gas leases, all with primary terms of five (5) years. These 5,800 gross acre leases comprise the Weber City Prospect located in Curry County, New Mexico, which lies on the eastern most side of New Mexico bordering the State of Texas. These new leases are part of an on-going acquisition plan currently under way in New Mexico.
The Weber City Prospect is strategically positioned in the Permian Basin, a prolific area that has produced over 35 billion barrels of oil and 100 trillion cubic feet of gas, and is host to over 20 percent of all domestic oil and gas produced in the US. Recent M&A activity in the Permian Basin highlights the growing importance of this historically prolific, domestic source of energy. The Permian Basins development history and stable, long-life production is one of the main reasons FormCap has secured the Weber City Prospect acreage. FormCap plans to drill an initial 7,000 foot well to test four potentially productive hydrocarbon zones; the San Andres, Clearfork, Wolfcamp and Cisco formations. Over 100 wells (based on 40 acre spacing) could be drilled on the Prospect and it is estimated that these leases could contain over 220 million barrels of oil in a successful case.
As part of our long-term strategy, FormCap is continuing to secure additional acreage in the Weber City Prospect area. We are also actively pursuing and evaluating other potential acquisitions for the Company stated Graham Douglas, FormCaps President & CEO.
OPTIONS MEDIA GROUP HOLDINGS INCORPORATED (OTCBB:
OPMG) Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L&F=T Company Profile:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L&F=T Options Media Group Holdings, Inc. is an email services provider for on-demand email marketing to create, send, and track professional and permission-based email marketing campaigns. Additionally, Options Media provides precision direct marketing solutions including email marketing, SMS/mobile marketing, SMS/keyword marketing, custom lead generation and creative services. Options Media provides clients with access to software, hardware, bandwidth, and exclusive domains and IP addresses, as well as the ability to upload and manage subscribers, and review and upload campaigns and track results for a 360-degree full-service customer marketing solution.
OPMG News:
February 4 - Emerging Growth Research, LLC Issues Research Briefing on Options Media Group Holdings, Inc.
Emerging Growth Research, LLC, a leading independent research and analysis firm, has issued a new research briefing on Options Media Group Holdings, Inc. (OTCBB:
OPMG). The briefing examines the significant shift currently underway in the advertising industry, with investment dollars moving toward digital advertising media and away from more traditional outlets, including print, TV and radio, among others. Options Media Group is a leading direct digital marketing company with a strong management team, great client base and a comprehensive product and service offering for email and mobile marketing campaigns.
"With today`s increasingly compressed product lifecycles, many advertisers prefer to utilize an outsourced technology platform solution rather than incurring both the time cost and investment expense necessary for the in-house development of a back-office system to support mobile advertising campaigns," commented Joe Noel, author of the briefing at Emerging Growth Research, LLC. "We believe this situation creates a compelling case for anticipated growth at companies that can provide such outsourced online and mobile messaging services. In this regard, one of our favorite companies in the digital advertising space is Options Media Group," concluded Noel.
The full report can be accessed at http://otcpicknews.com/emailmarketer/link.phpM940&N3&L78&F=T.
BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC:
BMGP) Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L2&F=T Company Profile:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L5&F=T Biomagnetics Diagnostics Corporation is an advanced medical device and biotechnology company. The Company`s revolutionary diagnostic systems, which are based on advanced magnetics, test for any viral or bacterial disease using any body fluid. The Company`s technology allows laboratories to perform far more tests in the same amount of time it takes to do a single test. The HTS-MTP platform is designed to detect the actual virus and viral load in body fluids and not just simply screen for the presence of viral antibodies.
BMGP News:
January 28 - Biomagnetics Diagnostics Initiating Clinical Trials for Integrated Optical Biosensor to Detect Malaria and Tuberculosis in Multiple Markets, Including Kenya, India and is in Talks to Initiate in Mexico Biomagnetics Diagnostics Corp. (OTC:
BMGP), a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis and malaria detection, announced that the Company is initiating several clinical trials in multiple markets, including Kenya and India, and is also in talks with one of the largest hospitals within the social security system of Mexico in order to address the clinical requirements of that market.
Through governmental agencies and blood banks in Kenya and India, Biomagnetics Diagnostics will have access to malaria (as well as other infectious diseases) infected blood that can be used to develop immunoassays and perform clinical trials on the Companys integrated optical sensor in a cost effective, rapid manner.
At the end of last year, Biomagnetics Diagnostics contacted Indias Health Ministry Blood Bank in New Delhi, which specializes in malaria, with the goal of conducting clinical trials for product commercialization throughout India. In February the Company will meet with the Blood Bank as well as private institutions to initiate the administrative requirements to perform clinical trials. We will also start vetting potential distributors.
The Company is also in talks with Dr. Gustavo Barriga, Chief of the Laboratoria of the Hospital of Infectologia of the Centro Medico Nacional (CMN) La Raza, one of the largest hospitals operated under the social security system of Mexico, to discuss the Integrated Optical Biosensor (
IBOS), clinical requirements and commercialization for the Mexican market.
We are very excited to begin clinical trials of the Companys
IOBS platform, commented Clayton Hardman, CEO of Biomagnetics Diagnostics. We believe our integrated optical biosensor platform can significantly change the way point of care (POC) diagnostics are performed. These trials represent an important milestone for the Company and should create strong interest in our system.
The Biomagnetics Diagnostics
IOBS platform, which is made available in part via a technology transfer license from the Los Alamos National Security Laboratory, is a relatively new classification of pathogen detection equipment that uses advanced fiber optic-based technology to detect a wide variety of human and animal pathogens. These devices produced by the Company are specifically designed to be field deployable, ultraportable and very easy to use, allowing for extremely rapid detection of various viral and bacterial pathogens by relatively untrained personnel outside of the laboratory setting.
DAVID
LOREN CORPORATION (OTC:
DLCR) Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L15&F=T Company Profile:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&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
NANOBAC PHARMACEUTICALS INCORPORATED (OTC:
NNBP) "Up 112.50% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L99&F=T Nanobac Pharmaceuticals Inc., a bio-lifescience company, engages in the discovery and development of products and services to improve human health through the detection and treatment of calcifying nanoparticles (CNPs). It manufactures and markets in vitro diagnostic (IVD) kits, such as assays, antibodies, and reagents for detecting CNPs. The companys diagnostic assays comprise
NANO-CAPTURE and
NANO-
SERO. Additionally, it conducts research and clinical studies in the development of urological diseases, including chronic prostatitis/chronic pelvic pain syndrome, kidney stones, and polycystic kidney diseases, as well as cardiovascular diseases.
NNBP News:
April 23 - Nanobac Pharmaceuticals Merger Partner, Eureka Genomics, and Glycos Biotechnologies Work Together to Sequence Proprietary Bacterium to Support Emerging Biorefinery Industry Bacterium Designed to Convert Both Cellulosic Sugars to Advanced Ethanol and Biochemicals Nanobac Pharmaceuticals (OTC:
NNBP) merger partner Eureka Genomics, a leader in analysis of next generation genomic sequencing data and Glycos Biotechnologies, Inc. (GlycosBio), a pioneer in metabolic engineering, announced today the sequencing of the genome of a proprietary bacterium that will support the growth of the emerging biorefinery industry. The new bacterial strain plays an important role in GlycosBio`s efforts to commercialize microbial strains to produce a variety of high-margin biochemicals from a diverse set of feedstocks and co-product streams that are traditionally considered waste or low value.
Ever since ethanol replaced
MTBE, a gallon of gasoline couldn`t be sold without being blended with ethanol. As a result the U.S. ethanol producers became a critical and mandatory component to the entire gasoline value chain. Unfortunately, the U.S. ethanol industry is experiencing an industry-wide financial crisis, largely due to the industry`s lack of financial stability and product diversity against price volatilities in corn, natural gas and petroleum. By providing microbial strains that can convert co-products from ethanol production into higher value chemicals, GlycosBio`s technology platform will increase the economic stability of the ethanol industry by enabling a sustainable biorefinery. GlycosBio`s proprietary bacterial strain will further aid the industry by accelerating the development of technology to convert cellulosic biomass to ethanol or valuable biochemicals.
"We are very impressed with the assembly that Eureka Genomics was able to generate for us," said Dr. Paul Campbell, chief science officer of Glycos Biotechnologies. "This work effort will accelerate our strain development as we move towards commercialization efforts around converting cellulosic biomass for the emerging cellulosic ethanol industry. The genomic sequence data provided by Eureka Genomics were very easy to use. We wanted to look at new genes and could not have done this without them." "We were very glad to be able to work with GlycosBio on this project," said Dr. Yuriy Fofanov, chief technology officer of Eureka Genomics. "There is significant opportunity inside the GlycosBio lab to identify, modify and create unique microbial strains that will continue to prove beneficial to the biorefinery industry when commercialized. We believe that Eureka Genomics` Next Generation Bioinformatics Service and Tools will open the bottleneck that currently occurs between next generation sequencing data and the analysis of that data. This is definitely an exciting time." Eureka Genomics` proprietary algorithms and data structures allow the company to seamlessly and efficiently process next-generation sequencing data. In addition to providing GlycosBio with the gene analysis that will help transform agricultural waste material into a high-value cellulosic feedstock for biorefineries, Eureka Genomics is helping the biopharmaceutical industry, academe, and the U.S. government redefine what is possible in genetic, biological, and biomedical research through its powerful Next Generation Bioinformatics platform.
Eureka Genomics` pipeline includes analysis for a wide variety of applications including mapping, analysis of genetic variations, design of probes and primers, methylation analysis, as well as discovery of the non-host nucleic acids with complex diseases or present in samples suspected of carrying an unknown microorganisms.
ABOUT EUREKA GENOMICS Eureka Genomics is a privately held company that has commercialized a proprietary Next Generation DNA sequencing data analysis platform to enable the discovery and development of next-generation diagnostics, therapeutics, vaccines, and clean tech products such as bioenergy feed-stocks.
Eureka has announced its intention to merge with Nanobac Pharmaceuticals, Inc. (PINKSHEETS:
NNBP). The Merger Agreement is subject to significant contingencies, including (1) conversion of substantially all of Nanobac`s debt to equity, by its securities holders, (2) Nanobac raising $2.35 million of new equity, (3) Nanobac providing to Eureka its audited financial statements for the year ended December 31, 2008 and unaudited financial statements through at least March 31,2009, satisfactory to Eureka`s management, (4) Nanobac bringing all of its SEC filings current, and (5) other customary closing requirements.
ABOUT GLYCOS BIOTECHNOLOGIES, INC.
Glycos Biotechnologies, Inc. (GlycosBio) partners with ethanol producers, biodiesel producers, chemical companies, biorefineries and supporting manufacturing organizations to convert low value co-product streams, such as glycerin, that are readily available in the existing fuels and chemical infrastructure. The GlycosBio microorganisms are also commercially compatible with a wide range of carbon sources, including cellulosic biomass, thin stillage from ethanol production, algae, and other renewable feedstocks that traditionally have a nominal financial benefit to producers.
CHINATEL GROUP INCORPORATED (OTCBB:
CHTL) "Up 28.87% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L6&F=T China Tel Group, Inc. (ChinaTel), through its controlled subsidiaries, provides fixed line telephone, conventional long distance, high speed wireless broadband and telecommunications infrastructure engineering and construction services. ChinaTel is presently building, deploying and operating wireless broadband telecommunications networks in Asia and South America: (I) a 3.5GHz wireless broadband telecommunications network in 29 cities across the Peoples Republic of China (PRC) with and for
CECT-Chinacomm Communications Co., Ltd., a PRC company that holds a license to build the high speed wireless broadband telecommunications network throughout the PRC; and (II) a 2.5GHz wireless broadband telecommunications network in cities across Peru with and for Perusat, S.A., a Peruvian company that holds a license to build a high speed wireless broadband telecommunications network throughout Peru. ChinaTels vision remains clear: (i) to acquire, build, deploy and operate high speed wireless broadband telecommunications networks in key markets throughout the world; (ii) to deliver a new world of wireless communications applications; and (iii) to invest in building long-lasting relationships with customers and partners to lead the broadband industry in customer service and responsiveness. ChinaTels strategy is to build leading-edge IP-leveraged solutions advanced by its worldwide infrastructure and leadership in emerging markets.
CHTL News:
February 9 - ChinaTel Closes US$640 Million in Equity Investments at $3 Per Share ChinaTel Group, Inc. (OTCBB:
CHTL) (ChinaTel), a leader in high speed wireless broadband and telecommunications infrastructure engineering and construction services, today announced it has signed and received the first combined installments of two stock purchase agreements calling for a total investment of $640 million into the company. The combined investment represents 48% of the total outstanding shares, valuing ChinaTel in excess of $1.33 billion.
The investors have each made initial payments called for under their respective contracts. By March 1, 2010, ChinaTel will have received $241 million, and the balance of $399 million by June 1, 2010. Proceeds from the contracts will primarily be used to expand and deploy wireless broadband networks worldwide in addition to repaying existing financing notes. Full details of the transactions are available on Form 8-K filed with SEC at www.sec.gov.
ChinaTel`s CEO, George Alvarez, stated, "With this infusion of capital, we can pursue our global expansion plans, and accelerate the deployment of the Chinacomm network in the Peoples Republic of China (PRC). We expect to complete build-out of the first twelve PRC cities by June, 2011. When completed, the Chinacomm network will be one of the largest wireless broadband networks in the world." The investment partners are Excel Era Limited (Excel), a Hong Kong-based investment group, and Isaac Organization, Inc. (Isaac), a Canadian-based investor. Excel is investing $480 million and acquiring approximately 159.6 million new shares of ChinaTel`s series A common stock to be issued, which represents 36% of total shares issued and outstanding as of the closing date. Isaac is investing $160 million and acquiring approximately 53.2 million newly issued shares, which represents 12% of the total outstanding shares. The price per share for both transactions is $3.0075.
ChinaTel`s President, Colin Tay remarked: "We have worked very hard to execute transactions beneficial to both our shareholders and our new institutional investors. We selected these investment partners because they provide unique alliances that will facilitate ChinaTel`s ability to penetrate additional markets globally." Isaac Organization has previously served as a strategic advisor to ChinaTel in addition to developing and managing a portfolio of assets valued in excess of $5 billion, including significant interests in Asia.
"We have been involved with ChinaTel in an advisory capacity and are very pleased to take a larger role with the Company. Being very familiar with the ChinaTel story, Isaac Organization seized the opportunity to invest in the next generation of a high-demand technology to meet the needs of rapidly emerging markets," said Tony Isaac, CEO of Isaac Organization. "The timing was right for this investment, and we look forward to our increased role with and the future of ChinaTel." In conjunction with the financing, ChinaTel is appointing Tony Isaac and Charles Wang to its board, expanding the number of company directors from four to six. Mr. Wang is CEO of Excel, which has a strategic presence in numerous markets, including India, Argentina, Peru and Brazil.
"Being asked to join the board of ChinaTel is a great honor. I look forward to working closely with the management team and bringing my relevant technology management and public company board experience to ChinaTel," said Charles Wang.
ABOUT EXCEL ERA LIMITED Excel provides creative financial solutions and funding for private projects, humanitarian projects and individual clients in niche investment banking and financial service environments. With over $200 billion under management, our range of services includes (a) asset management, and (b) project financing. Our specialty is providing multi-dimensional financing solutions for our clients by viewing the total picture of the client`s goals, assessing not only financial requirements, but the aggregate of needs in relation to opportunities, helping each client determine what can be done to enhance the utilization of their assets. The range of services described above is not offered to the public, but only upon specific request by qualified and sophisticated investors.
ABOUT
ISAAC ORGANIZATION Isaac is a leading global private investment firm with approximately $5 billion worth of projects under management across a family of funds. Isaac invests in companies across a broad range of geographies, including the United States, Canada, China, Taiwan, and South Korea. Guided by a thorough approach to due diligence execution, research and market analysis, Isaac Organization has found one financial truth to be inviolate: growth and real wealth happens over time and scrupulous due diligence. Isaac`s various funds invest in commercial real estate buildings leased by several agencies of the United States federal government, as well as by hospitals and medical clinics, and other industries including technology, telecommunications and entertainment companies. Isaac is also involved in urban development projects in Asia. In recent months the company has closed transactions valued at approximately $346 million.
CONVERTED ORGANICS INCORPORATED (NASDAQ: COIN) "Up 15.23% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L7&F=T Converted Organics, Inc. focuses on the manufacture, sale, and distribution of natural soil amendment products combining nutritional and disease suppression characteristics. It uses organic food waste as raw material to manufacture soil amendment products. Converted Organics plans to sell and distribute these products in the agribusiness, turf management, and retail markets. The company was founded in 2003 and is headquartered in Boston, Massachusetts.
COIN News:
February 9 - The Home Depot Re-Orders Converted Organics` Products for 2010 Season Converted Organics Inc. (Nasdaq: COIN) announced that the Company shipped a re-order for its organic Lawn & Turf fertilizer to The Home Depot (NYSE: HD), the world`s largest home improvement specialty retailer, in preparation for the upcoming 2010 growing season. The Home Depot placed its initial order for Converted Organics all-natural Lawn & Turf fertilizer in December, 2008 through distributor New England Pottery, an affiliate of Central Garden & Pet. Last year, Converted Organics Lawn & Turf fertilizer was carried in 94 The Home Depot stores throughout Massachusetts, Connecticut, Rhode Island and Long Island, New York.
A repeat customer, particularly one as well-regarded as The Home Depot, is one of the most valuable indicators of the quality and effectiveness of our products. We are very pleased that The Home Depot and its customers had positive experiences with Converted Organics Lawn & Turf fertilizer, said Edward J. Gildea., President of Converted Organics. We completed the shipment to The Home Depot this week, and are prepared to fill re-orders from other existing customers, as well as initial orders from new customers for the 2010 season.
VIRTUALSCOPICS INCORPORATED (NASDAQ:
VSCP) "Up 8.56% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L79&F=T VirtualScopics, Inc. is a leading provider of imaging solutions to accelerate drug and medical device development. VirtualScopics has developed a robust software platform for analysis and modeling of both structural and functional medical images. In combination with VirtualScopics` industry-leading experience and expertise in advanced imaging biomarker measurement, this platform provides a uniquely clear window into the biological activity of drugs and devices in clinical trial patients, allowing sponsors to make better decisions faster.
VSCP News:
February 9 - VirtualScopics Reports Significant Revenue Growth and Cash Flow for 2009 Full year 2009 revenues increase over 46%, $1.2 million in cash generated VirtualScopics, Inc. (Nasdaq:
VSCP), a provider of quantitative imaging for clinical trials, announced revenues for the fourth quarter ended December 31, 2009 exceeded $2.9 million, representing a 50% increase over the same period in 2008. Full year 2009 revenues were approximately $10.4 million compared to $7.1 million for 2008. Cash flow generated during 2009 was $1.2 million compared to a cash flow usage of over ($800,000) in 2008.
"By delivering another quarter and year of record revenue growth, I am extremely pleased to say we exceeded all of the targets we set forth for ourselves in the beginning of 2009," stated President and Chief Executive Officer, Jeff Markin. He continued, "In what was a difficult year for many businesses we were able to deliver a 46% increase in revenues.
Additionally, our strong revenue growth and cost controls enabled us to significantly enhance our cash position throughout last year." He concluded, "We are confident that we will continue to deliver solid returns in 2010 as we further grow and expand the business." VirtualScopics plans to report its complete fourth quarter and full-year 2009 financial results on Thursday, February 25, 2010. Jeff Markin and Molly Henderson, VirtualScopics` Chief Business and Financial Officer, will provide a business update and discuss the results during the conference call on Thursday, February 25, 2010 at 11:00 a.m. EST.
CORD BLOOD AMERICA INCORPORATED (OTCBB:
CBAI) "Up 11.11% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L7&F=T Cord Blood America is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders.
CBAI News:
February 8 - Cord Blood America Finalizes Cord Blood Stem Cell Processing and Storage Agreement with BioCells, a Major South American Company Cord Blood America, Inc. (OTCBB:
CBAI), the umbilical cord blood stem cell preservation company (www.cordblood-america.com) focused on bringing the life saving potential of stem cells, a biological insurance policy, to families nationwide and internationally, said today that it has finalized an agreement to process and store cord blood specimens for BioCells, Inc., headquartered in Argentina, and its affiliates in Peru, Colombia, Bolivia, Panama and Puerto Rico.
BioCells is the second largest stem cell storage company in Argentina with annual revenues of 1.5M (USD) and 12 locations throughout that country, plus it recently expanded to both Uruguay and Paraguay. "BioCells is an outstanding firm and we are delighted to finalize this agreement," said Matthew Schissler, Cord Blood America co-founder and CEO.
Cord Blood America recently opened its 17,000 square foot stem cell laboratory and headquarters in Las Vegas, near the city`s international airport. "This transaction is an excellent example of how we are diversifying our revenue model with our new, increased storage capacity," Mr. Schissler said.
IRVINE SENSORS CORPORATION (NASDAQ:
IRSN) "Up 5.80% in morning trading" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N3&L9&F=T Irvine Sensors Corporation, headquartered in Costa Mesa, California, is a vision systems company engaged in the development and sale of miniaturized infrared and electro-optical cameras, image processors and stacked chip assemblies and sale of higher level systems incorporating such products and research and development related to high density electronics, miniaturized sensors, optical interconnection technology, high speed network security, image processing and low-power analog and mixed-signal integrated circuits for diverse systems applications.
IRSN News:
February 8 - Irvine Sensors Receives Additional Order for `Clip-On` Thermal Imagers Will act as subcontractor in support of $37.8 million contract Irvine Sensors Corporation (Nasdaq:
IRSN) announced that one of its existing purchase orders with Optics 1, Inc., of Manchester, New Hampshire, an optical systems designer and manufacturer, has been modified to include initial units of Clip-On Thermal Imager ("
COTI") systems to be built under a $37.8 million contract recently awarded to Optics 1 by the Naval Surface Warfare Center of Crane, Indiana. The
COTIs to be delivered under the new contract are intended for use by special operations forces. Irvine Sensors will be acting as a subcontractor supplying thermal imagers to Optics 1.
John Carson, Irvine Sensors CEO, said, "Once the required delivery schedules of the government customer are fully known, we expect that the amount of our subcontract will ultimately exceed $18 million in support of this job." Irvine Sensors and Optics 1 have been jointly developing the
COTI over the last several years under government sponsorship, based on technology originally conceived by Irvine Sensors. The
COTI has been designed to clip onto existing military night vision goggles and provide users with thermal images to complement the amplified low-light images that such goggles can currently provide. Such dual capability has been long sought by the military and is intended to both enhance imagery obtainable from the existing night vision goggles as well as providing images in circumstances where physical barriers, atmospheric conditions or lack of light limit the effectiveness of the existing goggles. There are presently about one million night vision goggles in U.S. military inventories that could potentially be retrofitted with the
COTI system.
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