MGRN, DMMD, PDHO, EFIR, MMTE, JUNP
Our Stocks to Watch today include Monogram Energy Inc. (OTC: MGRN), Diamond Discoveries International Corp. (OTC: DMDD), Paradigm Holdings Inc. (OTCBB: PDHO), EGPI Firecreek Inc. (OTCBB: EFIR), Mammoth Energy Group Inc. (OTC: MMTE) and Juniper Group Inc. (OTCBB: JUNP).
STOCKS TO WATCH
MONOGRAM ENERGY INCORPORATED (OTC: MGRN)
"Up 75.00% in morning trading"
Detailed Quote: www.otcpicks.com/quotes/MGRN.php
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.
January 28 - Research Report on Monogram Energy, Inc.
A research report by GlobalData on Monogram Energy, Inc. (OTC: MGRN) is now available at http://bit.ly/elAH5B.
DIAMOND DISCOVERIES INTERNATIONAL CORP. (OTC: DMDD)
"Up 40.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DMDD.php
Diamond Discoveries International Corp. engages in the acquisition and exploration of mineral properties in Canada. It has mineral rights in the Caribou property located in the Thetford Mines area, Quebec. The company also has interests in 41 mineral claims totaling 2,460 hectares in Thetford Mines area, Quebec. It also has mineral exploration permits covering an area of approximately 469.05 square kilometers in the Torngat fields that contain diamondiferous kimberlite formations, located in the northwestern part of Quebec. Discoveries International Corp. was founded in 2000 and is based in New York, New York.
March 10 - Diamond Discoveries International Corp. Reports Income
Diamond Discoveries International Corporation (OTC: DMDD) has filed its latest Income Statement with the SEC. To view it online, visit http://yhoo.it/dTPFSM.
PARADIGM HOLDINGS (OTC: PDHO)
"Up 50.00% in morning trading"
Detailed Quote: www.otcpicks.com/quotes/PDHO.php
Paradigm Holdings, Inc. is a provider of information technology (IT) and business solutions for U.S. Federal Government enterprises. Paradigm specializes in comprehensive information assurance solutions involving cyber security and forensics as well as continuity of operations and disaster recovery planning. The Company also provides systems engineering and IT infrastructure support solutions. Headquartered in Rockville, Maryland, the Company currently employs approximately 200 people.
March 10 - Paradigm Solutions Awarded $49 Million Blanket Purchase Agreement for DOD-wide Disaster Recovery Software Solutions
Paradigm Holdings, Inc. (OTCBB: PDHO) (“Paradigm” or the “Company”), a provider of comprehensive information technology and cyber security solutions for Federal Government enterprises, announced that it has been awarded a Blanket Purchase Agreement (BPA) for a DOD-wide Enterprise Software Agreement to provide Disaster Recovery Software Solutions. This BPA is open to all Department of Defense (DOD) Components, including the Office of the Secretary of Defense (OSD), the Military Departments, the Chairman of the Joint Chiefs of Staff, the Unified Combatant Commands, the Inspector General of the Department of Defense (DOD IG), the Defense Agencies, the DOD Field Activities, the U. S. Coast Guard, NATO, the Intelligence Community and FMS with a Letter of Authorization. Although there is no guaranteed minimum value, under this BPA, the Company may compete for delivery orders with an aggregate value not to exceed $49 million over the life of the BPA.
Paradigm’s Mission Resilience analysts will be available to assist in all phases of the OpsPlanner™ implementation process or agency COOP/ITDR planning and program management via this DOD-wide BPA. OpsPlanner is a software tool that allows users to collaborate, create, plan, and manage business recovery, crisis management, and automated emergency notification plans over the Web. In addition to the software and professional services, Paradigm will be able to provide support, maintenance, and on-site training.
Anthony Verna, Paradigm Senior Vice President, stated, “Assuring the readiness and resiliency of the DOD Enterprise Software infrastructure is a core part of Paradigm’s strategy. This DOD-wide BPA will provide the contractual vehicle by which Paradigm can further exhibit this commitment.”
Peter B. LaMontagne, Paradigm President and CEO, commented, "We are excited about our latest prime contract award and the opportunity to safeguard yet another facet of the DOD mission. We are currently supporting OpsPlanner deployments in other Federal agencies and we look forward to bringing this experience to DOD customers.”
EGPI FIRECREEK INCORPORATED (OTCBB: EFIR)
"Up 25.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EFIR.php
EGPI Firecreek, Inc.'s business and acquisition strategy is focused on both the vertical integration of enterprises serving the DOT Construction and Intelligent Traffic System markets alongside its wholly owned subsidiary M3, Lighting, Inc. (M3), and on oil and gas production with an emphasis on acquiring existing fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories, through its wholly owned subsidiary Energy Producers, Inc. (Energy Producers). EGPI Firecreek, Inc. is also looking to expand into Alternative energy sources as well as industries in the energy field. Other companies in the oil sector include Exxon Mobil, Pantina Oil and Gas Inc., Frontier Oil Inc. and Cabot Oil & Gas Inc.
March 10 - EGPI Firecreek Inc. Updates Progress on Caddo International Acquisition
Acquisition Targets Continued Growth for EGPI’s Oil & Gas Division
EGPI Firecreek, Inc. (OTCBB: EFIR) announced the current update on the progress and final stages of a Definitive Agreement to acquire Caddo International, an Oil Service company that currently services the Northwest Louisiana and East Texas regions of the United States.
As previously reported, Caddo International has been in business for over 40 years as an oil production and service company, utilizing their own equipment and pulling units, in order to provide oilfield services. The company currently produces revenues of approximately $1,400,000 to $2,400,000 per year with an estimated $6,000,000 in assets. Caddo also provides oil field services to several oil and gas company operators including several hundred wells in the Caddo Pine Island field, the Haynesville field and the Desoto Parish known as the Spyder field.
Negotiations for the Definitive Agreement and its due diligence had initially been delayed and extended because of the scheduling conflicts of both companies. A new target date for the completion of the acquisition has now been set for March 31, 2011.
The company has acknowledged a majority of the shareholders have consented and a tender will be made for the balance of consents in order to solidify the transaction.
David Taylor, CEO of Caddo International, stated, "We continue to look forward in working and building new growth for EGPI Firecreek, Inc.’s Oil and Gas divisions as well as bring value to Caddo shareholders upon the completion of this acquisition."
Dennis Alexander, EGPI's CEO, stated, "We remain confident that once the Caddo acquisition is completed, the acquisition will play a valuable role in the continued growth of the Company’s Oil & Gas division."
MAMMOTH ENERGY GROUP (OTC: MMTE)
"Up 30.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MMTE.php
Mammoth Energy Group Inc is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.
March 11 - Mammoth Energy Group to Engage Investment Into Chilean Lithium Project
Mammoth Energy Group Inc. (OTC: MMTE), a lithium and alternative energy mining company, announced that it is actively seeking investment and public relations companies for the financing for its lithium concessions in Chile.
The company is in final stages of negotiations and intends to announce acquisitions of its Chilean concessions by the end of the first quarter with quick plans to up list to the OTC-BB market.
Mammoth Energy Group has signed a Letter of Intent with Salt Gold Inter Chile Limitada, whose concessions are located in the Salar de Maricunga. The company expects its entire lithium package once complete will total acreage of approximately 12,500 hectares or close to 31,000 acres.
JUNIPER GROUP INCORPORATED (OTCBB: JUNP)
"Up 20.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/JUNP.php
Juniper Group, Inc., through its subsidiaries, provides broadband installation and wireless infrastructure services in the United States. Its services include deployment of wireless/tower systems; maintenance and upgrading of wireless telecommunications sites; and site surveys, co-location facilitation, tower construction and antenna installation to tower system integration, and hardware and software installations. The company offers its services primarily to telecommunication companies. Juniper Group also engages in the acquisition, exploitation, and distribution of rights to films for various media, such as DVD, satellite, home video, pay-per view, pay television, television, and independent syndicated television stations. The company was founded in 1987 and is headquartered in Boca Raton, Florida.
March 1 - Juniper Group Reports Increase in Revenue
Juniper Group, Inc. (OTCBB: JUNP) has received several inquiries from shareholders concerning the status of the litigation involving a related group of companies that will be referred to as the NIR Group. The main concern expressed by these holders is whether NIR Group can convert its convertible notes into shares that can be sold into the open market. Juniper believes that the answer to this inquiry is no. Specifically, we have been advised that NIR Group cannot convert any of its notes into shares of common stock of Juniper while the litigation is pending.
Although court schedules are difficult to predict, and the outcome of this action is not assured, we believe that it will be a long time before the case is resolved. As such, we understand that NIR Group will not be able to sell any Juniper stock into the open market for the foreseeable future. Furthermore, numerous reports in the financial press confirm that NIR is being investigated by the Securities and Exchange Commission and the United States Attorney's Office. In the event that any kind of government action is taken against NIR, it is possible that all current claims that NIR may have against Juniper could be turned over to a Court-appointed receiver, which could also delay and hinder NIR's efforts to prosecute any claims against Juniper.
The litigation by NIR occurred in part as a result of Juniper's refusal to convert more than 1% of Juniper's total issued and outstanding shares at a time to each of several NIR Group companies. Based upon advice of counsel, Juniper has taken the position that releasing 4.9% of its total issued and outstanding common shares to multiple companies controlled by Corey Ribotsky at the same time and in succession would be a potential illegal distribution of shares based upon NIR's potential status as an affiliate of Juniper Group.
In addition, Juniper alleges that NIR has violated its financing agreements with Juniper and unlawful previous short selling has, in turn, damaged Juniper's market and its shareholders, which give rise to substantial defenses and counterclaims in favor of Juniper against NIR Group.
Vlado P. Hreljanovic, Chairman and CEO, stated, "We intend to stand firm against any further conversions by the NIR Group based on their violations of the financing agreements and potential violations of securities regulations."