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ATIG, ONTC, IHSN, AMNG, BLAP, KNKT
Our Stocks to Watch today include Atlantis Internet Group Corp. (OTC: ATIG), Onteco Corp. (OTC: ONTC), Innovative Health Sciences Inc. (OTC: IHSN), Altitude Organic Corp. (OTC: AMNG), Blast Applications Inc. (OTC: BLAP) and Kunekt Corp. (OTCBB: KNKT).
STOCKS TO WATCH
ATLANTIS INTERNET GROUP CORPORATION (OTC: ATIG)
"Up 150.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ATIG.php
Utilizing an innovative development team and licensed gaming executives to oversee its state-of-the-art online gaming, slot machine and gaming network products, Atlantis Internet Group Corp. ("ATIG") has bridged the gap between traditional gaming casinos and online gaming. ATIG is one of the first companies to interface with online games and player tracking systems found on traditional floor slot machines, and one of the only online gaming products used in Nevada and now the rest of the United States.
ATIG News:
November 29 - Atlantis Internet Group Completes Audit to Become a Fully Reporting Company
Atlantis Internet Group, Corp. (OTC: ATIG) has completed its financial audit and is ready to move forward with its plans of being a fully reporting company. The Southern California based CPA firm of R.R. Hawkins has just completed a two year audit, and is expected to deliver the final report to ATIG this week. With the completion of the audit, ATIG will now move expeditiously to file S-10 papers with the SEC and become a fully reporting company, thus moving off the Pink Sheets and moving up to the OTC Bulletin Board. This move comes at a critical juncture as ATIG has set out an ambitious agenda for the year, and believes that such a move will only help in its ability to achieve its short term and long term goals.
With the National Indian Gaming Commission (NIGC) Opinion granted to ATIG in late 2009, the company is poised to be the first company to offer legal Intertribal online gaming to Casinos on Indian Lands. ATIG will also offer the Commercial Casinos private gaming networks once Intrastate Internet Gaming pending legislation either Federal or State is approved. With ATIG's recent landmark Poker deal, the Tribal Gaming Network (TGN) will launch the first nationwide Poker Network in the United States in January 2011. A demo of that online poker can be found at www.atlantisinternetgroup.com/tgn. The company is currently in negotiations with Tribes from coast to coast who are seeking to take advantage of the UIGEA exemption for Internet Gaming on Indian Lands. With its headquarters located in Las Vegas, ATIG is also strategically located to supply the ever changing gaming market with server based technologies in both the Commercial and the Indian Casino markets.
The company's profit centers will be based on a revenue share with Tribes, Vendors and Commercial Casinos using ATIG's products and networks. In a current economical climate casino owners must take their products to the customers, by utilizing creative marketing methods online to drive traffic into the land based casinos. "ATIG's product line will help them bridge the gap between land based and online casinos," states Donald L. Bailey, President/CEO of Atlantis Internet Group, Corp.
ONTECO CORPORATION (OTC: ONTC)
"Up 93.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ONTC.php
Onteco Corporation was founded to develop innovative, practical and cost-effective solutions to some of the most significant environmental challenges facing us today. Additionally, these solutions must show promise of generating significant, ongoing profits for the company. The company determined that one industry that meets these criteria is the Energy Saving Lighting Industry, and as a result acquired NexPhase Lighting, Inc., in February 2011.
ONTC News:
April 18 - Onteco Corporation, ONTC, Files Annual Report and Provides Additional Information on $17.2M Valuation on NexPhase IP
Onteco Corporation (OTC: ONTC) (the “Company” or “Onteco”) announced that it has filed its 10-K annual report for 2010 (the “Annual Report”), and that the filing disclosed additional information on the appraisal services report (the “Appraisal Services Report”) from Pellegrino & Associates, which provided the valuation on the new, patent pending intellectual property of its subsidiary, NexPhase Lighting, Inc. (“NexPhase”). NexPhase is a designer, developer and manufacturer of high efficiency, high quality LED intelligent lighting fixtures.
The Annual Report restated that the Appraisal Services Report, commissioned by Onteco prior to its acquisition of NexPhase, established the value of the new NexPhase intellectual property at about $17,200,000. The Annual Report adds the following key points:
* The valuation model indicates the fair market value of the NexPhase intellectual property at a 90% confidence level is between $6,820,229 and $41,109,593, with a mean value of $19,710,311 and a median value of $17,216,091; and
* Pellegrino & Associates used the statistical median as its expected value, as it removes the impact of improbable outliers. Consequently, based upon a reasonable degree of probability as used within the valuation profession, the fair market value of the NexPhase intellectual property calculates at $17,216,091, using the income approach to value.
“As I have stated previously, this valuation applies to only a few key market applications of the NexPhase patent, leaving aside a breath of other market applications that we plan to pursue. In other words by this limitation, we believe that the Appraisal Services Report significantly understates the overall revenue potential of the NexPhase patent to us,” said Onteco President and CEO, Dror Svorai. “We hope that this additional disclosure helps to clarify how the value of the NexPhase intellectual property was calculated. It is important to note that this valuation is critical to how we perceive and plan subsequent uses of capital by Onteco going forward.” He added, “With 2010 behind us, and our future with NexPhase before us, Onteco in many ways is without doubt a new corporation.”
ABOUT NEXPHASE LIGHTING, INC.
NexPhase Lighting, Inc. is a designer and developer of proprietary high quality LED (light-emitting diode) lighting fixtures and control systems for commercial applications. It believes its products will be the lowest cost, highest efficacy fixtures available in the LED Lighting Industry. All NexPhase lighting products incorporate its proprietary “NexSense Technology™”, which provides benefits well beyond the generally acknowledged advantages of all other LED lighting fixtures. NexSense control systems use a unique, “patent pending” wireless protocol, which provides for an unsurpassed reduction in architecture and infrastructure installation cost in commercial applications, as well as significantly reduced maintenance and ongoing operation costs.
INNOVATIVE HEALTH SCIENCES INCORPORATED (OTC: IHSN)
"Up 63.10% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IHSN.php
Innovative Health Sciences, Inc. is focused on acquiring companies that are leaders in their respective market niches and have the potential for additional upside. Acquired in 2010, Harrington Multi Media Marketing (HM3) is a leading producer of infomercials and short-form direct television spots and developer of Internet-based marketing campaigns and transactional websites. HM3 also offers complete turnkey solutions to launch new consumer products including: assistance with outsourcing products and prototype development; set-up and management of call centers; product fulfillment and customer service; credit card processing; purchasing and management of media outlets, including telephone sales, direct response television (DRTV), and Internet sales.
IHSN News:
April 18 - Innovative Health Sciences, Inc Announces Today the Cancellation and Retirement of 1,000,000,000 of Its Common Shares as Part of Its Corporate Restructuring
Innovative Health Sciences, Inc. (OTC: IHSN) announced the cancellation and retirement of 1,000,000,000 (One Billion) of its common shares. As part of its restructuring plan and to bolster the capital structure, the Company has elected to cancel and retire certain common shares of its affiliates.
Innovative Health Sciences, Inc. also announced today certain terms of the restructured agreement with Harrington Multi Media Marketing (HM3). At this time HM3 has not been acquired by IHSN; however, IHSN has an option until April 30, 2011, to acquire 100% of the shares of HM3 in exchange for certain additional funding and the issuance of restricted common shares of IHSN. IHSN is evaluating the merits of completing the acquisition of HM3 or of just maintaining its participation rights for the marketing of certain projects and products including the Forbes Reilly CrossToner, the Yaku Grill, Mytrak and Frielle Pure Effects.
Innovative Health Sciences, Inc. has embraced as its corporate mission, a plan to participate in and acquire interests that are leading edge in their respective market niches, and that have expectations of enhancing shareholder values.
ALTITUDE ORGANIC CORPORATION (OTC: AMNG)
"Up 22.52% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AMNG.php
Altitude Organic Corporation provides independently owned retail dispensaries in Colorado, California, and Arizona business support services, while also acting as a one-stop-shop for entrepreneurs looking to enter the multi-billion dollar burgeoning industry of legal cannabis. Altitude Organic Corporation has launched its new management company strategy in Arizona. The company can manage, staff, consult, and provide uniquely branded products and concepts to medical marijuana dispensaries using a limited liability agreement.
AMNG News:
April 18 - Altitude Organic Corporation Opens DoctorMMJ.com Physician Referral Service in Scottsdale, Arizona
* According to See Change Strategies, the US Market for Medical Marijuana Is Currently Worth $1.7 Billion in 2011. It is projected to reach $8.9 billion within 5 Years.
* Ian Atkins comes aboard to head its DoctorMMJ.com business
Altitude Organic Corporation (OTC: AMNG), a leading national, publicly-traded medical marijuana company, announced today that it has launched its third-party medical marijuana physician referral service from its Scottsdale headquarters. Visit the DoctorMMJ.com website (www.DoctorMMJ.com) to learn more about acquiring your discreet, professional, and entirely legal medical marijuana evaluation in Arizona.
According to President Brian Cook, "We believe there will be over 100,000 medical patients around the state wishing to "get legal" in the coming 24 months. Altitude Organics has been inundated with potential dispensary applicants from all around Arizona wishing to become affiliates of our organization. From our recent commercial real estate visits in beautiful, scenic Flagstaff to our daily consulting demands emanating from our headquarters in Scottsdale, the workload is challenging, rewarding, and never-ending. In order to provide the focus required to start up and operate the DoctorMMJ business, it's become clear we needed additional specialized help. Ian Atkins is going to be a great asset for Altitude Organic. Ian has been charged with the management of our physician referral division.
BLAST APPLICATIONS INCORPORATED (OTC: BLAP)
"Up 15.63% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BLAP.php
Blast Applications, Inc. (www.blastapplications.com) is a premier creator and developer of applications for iPhone®, Twitter® and Facebook®, that allows users to have more fun, be more productive and make social media sites easier to use and more intuitive than before.
BLAP News:
April 13 - Blast Applications BLAP Launches Twuition.com
Blast Applications, Inc. (OTC: BLAP), a developer of Mobile and Web Apps, is pleased to announce to have been accepted to the Verizon Developer Community. The recent approval broadens the audience for Blast's existing Apps which can now be submitted to the Verizon V Cast Apps Store.
"The Verizon V Cast Apps Store is definitely a market of great interest for the Apps, our focus remains intact, continue growth, consistent revenue and new Apps development every month as well as looking for possible acquisition, we are developing games and continue our track to profitability," stated Dino Luzzi, CEO of Blast Applications.
The first series of Apps already in the android market to be submitted to Verizon are:
Dr Blyer App: Dr. Scott Blyer of CAMEO Surgery Center enters the mobile app market. Dr. Blyer is known for his innovative noninvasive techniques in cosmetic surgery. Amongst his many achievements, is the internal facelift where he repositions the supporting ligaments of the face through incisions made inside the mouth, creating for a scar-free more youthful appearance with long lasting results.
Mike Norman App: Receive updated financial news on your Android from Mike Norman, the economic contrarian followed by millions of people on nationwide cable TV's Fox News.
Mortgage App: A new app explaining each step of the mortgage loan process by mortgageinfo111.com is a processing company featuring FHA, Conventional, Reverse Mortgage, Commercial Financing, Loan Modifications
Dots App: DOTS clothing store offering affordable women's clothing and accessories at your fingertips with over 400 stores nationwide.
KUNEKT CORPORATION (OTCBB: KNKT)
"Up 24.85% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/KNKT.php
Kunekt Corporation is a U.S. publicly traded company focused on designing, building and marketing mobile phones as well as smartphones and tablets powered by Google's Android mobile operating system. Kunekt's mission is to build a globally recognized brand in the mobile device market and deliver smart phones and tablets at prices that are a fraction of the industry leaders.
KNKT News:
April 8 - Kunekt Corporation Announces Signing of Agreements
Kunekt Corporation (OTCBB: KNKT) ("Kunekt" or the "Company") announces that it has signed several agreements (the "Agreements") in connection with the proposed acquisition of AMS-INT Asia Limited ("AMS"). The Agreements are subject to "regulatory approval" or, in practical terms, an exemption or variation order from any pending cease trade order (the "Temporary CTO") issued by the British Columbia Securities Commission (the "BCSC"). The Company was deemed to be a reporting issuer in British Columbia pursuant to regulations adopted by the BCSC and accordingly, the BCSC has asserted jurisdiction over the Company. The Company is presently seeking to set aside or vary the existing Temporary CTO issued by the BCSC with a view to ensuring that the Company is able to complete all transactions required to achieve its business objectives. On April 8, 2011, the BCSC adjourned the hearing where the Company was seeking the variation to the Temporary CTO until 9 am (Vancouver time) on April 11, 2011 to allow the Company to disclose the Agreements.
On March 31, 2011, the Company entered into an Amending Agreement with AMS, Ferngrui Yue ("Yue") and Guangzhou Xingwei Communications Technology Ltd. Inc. ("Xingwei"), whereby the parties amended a share exchange agreement, announced on January 24, 2011, such that the consideration paid to Yue for Yue's shares of AMS will be 2,400,000 shares of common stock of the Company (each a "Common Share") and 60,480 shares of Class A Preferred Stock (each, a "Preferred Share") instead of 35,000,000 Common Shares.
On March 31, 2011, the Company entered into an Amending Agreement with AMS, Matt Li ("Li") and Beijing Yiyueqiji Science and Technology Development Ltd. Inc. ("Yiyueqiji"), whereby the parties amended a share exchange agreement announced on January 24, 2011 as follows:
* The consideration paid to Li for Li's shares of AMS will be 27,600,000 Common Shares and 695,520 Preferred Shares instead of 70,600,000 Common Shares; and
* Mark Bruk will be issued 150,000 Preferred Shares.
Each of Yue and Li have informed the Company that each intend on transferring a portion of their respective Common Shares and Preferred Shares to certain persons who will be involved in the future operations of the Company and AMS.
The Company anticipates designating a class of its preferred stock as Class A Preferred Stock. Each Preferred Shares will have the right to convert into 100 Common Shares, subject to the Company increasing its authorized capital to 200,000,000 Common Shares. Each Preferred Share will have the right to 100 votes at any meeting of the shareholders of the Company.
On March 31, 2011, the Company entered into a Return to Treasury Agreement with Mark Bruk ("Bruk"), whereby Bruk agreed to return 30,000,000 Common Shares to the Company.
On March 31, 2011, the Company entered into a Share Vesting and Repurchase Option Agreement with each of Li and Yue, whereby any Preferred Shares issued to Li and Yue will be subject to escrow pursuant to the following release schedule:
* On July 31, 2011, 24,000 of Yue's and 276,000 of Li's Preferred Shares are released;
* If revenue of the Company for the period from January 31, 2011 to October 31, 2011 (the "First Period") is greater than or equal to USD$ 9 million and less than or equal to USD $11.5 million, then 12,000 of Yue's and 138,000 of Li's Preferred Shares are released;
* If revenue of the Company for the period for the First Period is greater than or equal to USD $11.5 million, then 36,480 of Yue's and 419,520 of Li's Preferred Shares are released;
* If revenue of the Company for the period from January 31, 2011 to January 31, 2012 (the "Second Period") is greater than or equal to USD $20 million and revenue of the Company for the First Period is greater than or equal to USD $9 million and less than or equal to USD$11.5 million, then 24,480 of Yue's and 281,520 of Li's Preferred Shares are released; and
* If revenue of the Company for the period for the Second Period is greater than or equal to USD $20 million and revenue of the Company for the First Period is less than USD $9 million, then 36,480 of Yue's and 419,520 of Li's Preferred Shares are released.
On March 31, 2011, the Company entered into a Share Vesting and Repurchase Option Agreement with Bruk, whereby 50,000 of the Preferred Shares issued to Bruk will not be released from escrow if revenue of the Company for the First Period is less than USD $11.5 million and if revenue for the Second Period is less than USD $20 million.
Any of the Preferred Shares issued to Bruk, Li and Yue which are not released will be subject to repurchase by the Company at the original issuance price.
On March 31, 2011 the Company entered into an Exclusive Distribution and Sales Agency Agreement with each of Xingwei, a mobile phone design company located in Guangzhou, China; Yiyueqiji, an Android smartphone design company located in Beijing, China; and Easlink Info Ltd., a mobile phone design company located in Hong Kong, China (collectively, the "Manufactures"), whereby the Manufactures agreed to grant to the Company the worldwide exclusive right to market, distribute, and sell the Manufactures' products and services in consideration of the Company marketing the Manufactures' products under the "Kunekt" brand. The Company also agreed to establish and maintain a sales and distribution organization that is able to properly, efficiently and aggressively promote and effect the marketing, distribution and sale of the Manufactures' products. The price paid by the Company for the Manufactures' products will be mutually agreed upon by the Company and each of the Manufactures.
The Company has strenuously sought to address reasonable concerns of BCSC Staff respecting unauthorized promotional material concerning the Company and its securities. In that regard, the Company confirms that Mark Bruk is the sole director and officer. Further, at all material times to the present, Matt Li, Fengrui Yue, Chengwu Zhu, and Yuqi Teng have not been de facto directors or officers of the Company. To the best of the Company's knowledge, Matt Li and Fengrui Yue:
* Were not responsible for and had no involvement, direct or indirect, in the creation, financing (paid or prospective) of any Internet websites promoting the securities of the Company; and
* Were not responsible for and had no involvement, direct or indirect, in the creation, financing (paid or prospective) or dissemination of any emails, e-letters, or spam promoting the securities of the Company.
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