NEI, ADFS, ASTI, LEOM, NNAND, HRDN
Our Stocks to Watch today include Network Engines Inc. (Nasdaq: NEI), American Defense Systems Inc. (OTC: ADFS), Ascent Solar Technologies Inc. (NASDAQ: ASTI), Leo Motors Inc. (OTC: LEOM), NaturalNano Inc. (OTCBB: NNAND) and DC Brands International Inc. (OTC: HRDN).
NETWORK ENGINES INCORPORATED (NASDAQ: NEI)
"Up 82.95% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/NEI.php
NEI is a leading provider of server-based application platforms and lifecycle support services for software developers and OEMs worldwide. Through its expertise and comprehensive suite of solution design, system integration, application management, global logistics, support, and maintenance services, NEI is redefining application deployment solutions to provide customers with a sustainable competitive advantage. More than a decade of appliance innovation with the ability to provide physical, virtual and cloud-ready solutions makes NEI one of the most trusted software deployment partners in the industry. Founded in 1997, NEI is headquartered in Canton, Massachusetts, with facilities in Plano, Texas and Galway, Ireland.
June 19 - NEI Announces Agreement To Be Acquired By UNICOM Systems
Network Engines Incorporated (Nasdaq: NEI), a leading provider of server-based application platforms, deployment solutions and lifecycle support services for software technology developers and OEMs worldwide, announced today that it has signed a definitive merger agreement with UNICOM Systems, Inc. ("UNICOM") and a new UNICOM subsidiary under which UNICOM, a global information technology company and part of the UNICOM group of companies, will acquire NEI for $1.45 per common share in cash. The transaction is valued at approximately $63.2 million. This price represents a premium of approximately 85.5% to NEI's closing price of $0.78 on June 18, 2012.
The transaction is subject to customary closing conditions and the approval of NEI shareholders. The Boards of Directors of both NEI and UNICOM have unanimously approved the transaction and the NEI Board of Directors has recommended that NEI shareholders vote in favor of the transaction. The transaction is currently expected to close within NEI's fiscal 2012 fourth quarter, the period ending September 30, 2012. Shareholders of NEI holding shares representing approximately 14.9% of the shares outstanding have entered into agreements with UNICOM under which they have agreed to vote their shares in favor of the proposed merger. Upon the consummation of the merger, NEI will become a private company, wholly owned by UNICOM.
Greg Shortell, President and Chief Executive Officer of NEI, commented, "This offer represents an attractive opportunity to deliver premium value and liquidity to NEI's shareholders. I am excited about the potential for future growth with a strategic partner of UNICOM's stature and global reach. This is an excellent opportunity to realize short- and long-term benefits for our customers, employees and technology partners."
Under the terms of the definitive merger agreement, NEI is permitted to solicit alternative acquisition proposals from third parties through July 18, 2012 and intends to consider any such proposals. There can be no assurances that the solicitation of such proposals will result in an alternative acquisition transaction. It is not anticipated that any developments will be disclosed with regard to this process unless the Company's Board of Directors makes an affirmative decision to proceed with an alternative acquisition proposal. In addition, NEI may, at any time, subject to the terms of the definitive merger agreement, respond to unsolicited alternative acquisition proposals. The definitive merger agreement also contains certain break-up fees payable to each party in connection with the termination of the definitive merger agreement under certain circumstances.
NEI's exclusive financial advisor on the proposed transaction is Needham & Company, LLC, and its legal counsel is Latham & Watkins LLP.
AMERICAN DEFENSE SYSTEMS INCORPORATED (OTC: ADFS)
"Up 22.22% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ADFS.php
American Defense Systems, Inc., together with its subsidiaries, designs and supplies transparent and opaque armor solutions for tactical and non-tactical transport vehicles, and construction equipment in the United States. It offers crew protection kits that provide armor protection of operator compartments; VistaSteel Transparent Armor, a laminated glass that provides defensive barrier to protect against firearms, physical attack, and explosive blasts; VistaSteel opaque armors; lightweight armor systems; and VistaGuard Windows, which are forced entry blast resistant windows, window frames, and transparent armor assemblies; forced entry blast resistant curtain walls that are used to mitigate forced entry, ballistic, and terrorist threats in high visibility targets; and portable transparent ballistic shield, a bullet-resistant transparent mobile shield. The company also provides Trans-Barrier System, a transparent armor shield that provides ballistic and blast protection; heated ballistic ship window; hardware products, such as hinges, rotary and slam latches, combat locks, and egress windows; vehicle anti-ram barriers; and T2 tactical training system, a live-fire interactive training range system, as well as offers courses and seminars through its tactical training institute. In addition, it provides engineering and consulting services; and develops and installs detention and security hardware, entry control and monitoring systems, intrusion detection systems, and security glass. The company offers its products and services primarily to the United States government agencies and general contractors who have contracts with governmental entities. American Defense Systems, Inc. was founded in 2002 and is based in Lillington, North Carolina.
June 18 - American Defense Systems, Inc. Board of Directors to Review Unsolicited Tender Offer From Armor Defense Systems, Inc.
Stockholders Advised to Take No Action at This Time
American Defense Systems, Inc. (OTC: ADFS) ("ADSI" or the "Company"), a leading provider of advanced transparent and opaque armor, architectural hardening and security products for Defense and Homeland Security, today confirmed that Armor Defense Systems, Inc. ("Armor") has commenced an unsolicited tender offer to acquire all the outstanding common shares of the Company in a cashless, tax-free one-for-one share exchange for shares of Armor.
The ADSI Board of Directors, in consultation with independent advisors, will carefully review and consider the offer. The Board intends to advise stockholders of its recommendation regarding the proposed tender offer within ten business days of the date on which Armor commenced the tender offer, by making available to stockholders and filing with the Securities and Exchange Commission a Schedule 14D-9. ADSI stockholders are advised to take no action at this time pending the review of the offer by the Company's Board of Directors.
ASCENT SOLAR TECHNOLOGIES INCORPORATED (NASDAQ: ASTI)
"Up 28.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ASTI.php
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar modules, which were named one of TIME Magazine’s 50 best inventions for 2011, can be directly incorporated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions.
June 19 - Ascent Solar Launches Solar Powered Charger for Apple iPhone
* Ascent Solar Accepts Order for EnerPlex™ Charger for Apple’s iPhone
* Product debut in Asia in early August
Ascent Solar Technologies, Inc. (NASDAQ: ASTI), a developer of state-of-the-art, flexible thin-film photovoltaic modules, announced today that it has received a purchase order for 50,000 units of its EnerPlex solar charger for the Apple® (AAPL) iPhone®. The EnerPlex charger was launched in early June, and it was displayed at Ascent’s annual shareholder’s meeting. It was first publicly displayed to the industry at Intersolar in Europe last week. The product takes advantage of Ascent’s ultra-light, thin and flexible solar panels and enables iPhone users to provide supplementary charging of their iPhones with sunlight.
The order is from Ascent’s exclusive distributor in Asia, TFG Radiant, which has advance orders from its channel partners for retail distribution throughout the Asia region. Ascent plans to fulfill the channel orders, supporting the early August retail launch of EnerPlex chargers in Asia.
Ascent Solar’s President and CEO, Victor Lee, said “Initial response to the EnerPlex solar charger has been excellent. We are very encouraged by the initial orders we have received from our distribution partners in Asia and we are receiving strong interest from potential distributors worldwide. We plan to work closely with our channel partners in Asia to support the retail launch of EnerPlex while continuing to pursue expansion opportunities for this revolutionary line of products around the world.”
Lee continued, “Ascent unveiled the EnerPlex charger at Intersolar Europe last week to a tremendous response. The market is clearly excited about our sleek design which provides consumers with a new and fashionable way to power their smartphone. With this launch of our first EnerPlex product, with many more to come, we are taking the first step toward driving a new revenue stream with significant growth opportunity for the company.”
This charger is the first product under Ascent’s new EnerPlex line of consumer products. Ascent is developing future products for other leading smart phones and consumer devices, such as the Samsung® Galaxy S® III.
LEO MOTORS INCORPORATED (OTC: LEOM)
"Up 31.58% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/LEOM.php
Leo Motors Inc. engages in developing and marketing electric vehicles (EVs) and EV components. Its products include electric scooters, electric sedans/sport utility vehicles/sports cars, and electric buses/trucks, as well as various models of electric vehicles. The company designs original EVs and converts various models of existing internal combustion engine vehicles into EVs. Leo Motors Inc. is based in Hanam City, the Republic of Korea.
No recent news for Leo Motors, Inc. (OTC: LEOM).
NATURALNANO INCORPORATED (OTCBB: NNAND)
"Up 15.38% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/NNAND.php
NaturalNano, Inc. is a materials science company focused on developing and commercializing advanced nanocomposites. The Company is focused on additive technologies and processes, including its proprietary Pleximer that adds value to industrial polymers, plastics and composites. NaturalNano holds and/or licenses 20 patents and applications relating to Halloysite, as well as proprietary know-how for its extraction and separation processes, compositions, and derivatives.
June 19 - New Online Video Shows Experimental System Using NaturalNano's Halloysite Nanotubes to Isolate Circulating Tumor Cells From Blood
NaturalNano, Inc. (OTCBB: NNAND) announced that a free online video showing the step-by-step method to isolate circulating tumor cells from blood using microtubes lined with halloysite nanotubes(HNT) is available at:
Dr. Michael King, Associate Professor of Biomedical Engineering at Cornell University, has produced a video demonstrating how he used HNT lined microtubes to enhance the isolation of live circulating tumor cells (CTCs) from patient blood samples. The nanotubes, when added to the surface of polymer tubing and then coated with adhesion proteins, is a straightforward and effective way for biomedical labs to capture CTCs from blood. The cells can then be placed in culture or characterized through standard assays.
Dr. King states "The ability to create stable coatings of halloysite using an extremely thin layer of poly-L-lysine gives us a way to create nanostructured surfaces that living cells respond to. This breakthrough could impact a number of projects we have been working on for basic research and diagnostic detection of circulating tumor cells in blood."
James Wemett, NaturalNano CEO, said "We believe that the video will be very useful in educating our customers, researchers, investors, the media and other interested parties as to the long-term potential of the HNT business. In addition, NaturalNano has established on our website a portal to purchase samples of Halloysite for use in research."
DC BRANDS INTERNATIONAL INCORPORATED (OTC: HRDN)
"Up 100.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/HRDN.php
DC Brands International, a publicly traded company under the ticker symbol (HRDN), presently specializes in the manufacturing of its functional beverages and health products. Established in 1998, DC Brands began producing a number of lines of energy drinks in 2005. DC Brands then purchased the assets of H.A.R.D. Nutrition and began its quest to produce a new health line of products. DC Brands has recently announced the release of its new H.A.R.D. Nutrition Functional Water Systems, which it expects will revolutionize the functional beverage category.
June 14 - DC Brands International, Inc. A Leading Provider of its Functional Beverages and Health Products Announces that HARD Nutrition is Reorganizing its Business into Four Separate Groups to Focus on Nutritional Supplements and Functional Beverages to Accelerate Revenues
DC Brands International, Inc. (OTC: HRDN) announces that it has restructured the business organization of HARD Nutrition into four separate divisions; Beverages, Dry Products, Online, and Export, to more efficiently focus on accelerating revenues to the Company.
Stephen Horgan, the Company's CEO and President said, "We believe that this new strategic focus will enhance our growth and position our Company towards profitability, and ultimately shareholder value."
The business will be organized into four functional sales divisions:
* Beverage Division: encompassing HARD Nutrition's nine functional water systems.
* Dry Products Division: featuring the Company's nutritional supplements.
* Online Division: focusing on sales that originate through the HARD Nutrition website, and
* International: all product sales outside the United States.
Horgan, the Company's CEO and President who attended last week's BevNet Mid Year Conference said, "It is becoming increasingly clear to me that Functional Beverages is one of the most vibrant and promising sectors in the beverage spectrum, and that should be enhanced going into the future. I believe this sector is poised for significant and continued growth. Our main focus at BevNet was to assess the landscape for HARD Nutrition and to create distribution partnerships that will result in retail breakthroughs in specific markets, and with major retailers. It was a success in that regard, and we expect those to be completed very soon."
Horgan opined, "For HARD Nutrition to be successful going forward, it will require both a capital and commercialization strategy that work in concert to create the synergies required to maximize sales from our four newly formed business groups. These are the areas that I am personally focusing on, and is a new direction for HARD Nutrition and DC Brands. Obviously results will not be immediate, but progress is being made daily."