SURG, ALGF, RENG, GRNE, OTOW, SBRH
Our Stocks to Watch today include mPhase Technologies Inc. (OTCBB: XDSL), Synergetics USA Inc. (NASDAQ: SURG), Algae Farm (USA) Inc. (OTC: ALGF), Radial Energy Inc. (OTC: RENG), Green Endeavors Inc. (OTCBB: GRNE), O2 Secure Wireless Inc. (OTC: OTOW) and Sebastian River Holdings Co. (OTC: SBRH).
MPHASE TECHNOLOGIES INCORPORATED (OTCBB: XDSL)
"Up 12.50% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/XDSL.php
Company Profile: http://bit.ly/MAKqDW
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery. In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio and sold via the mPower website at www.mpowertech.com.
June 28 - mPhase Developing Launch Strategy for New Automotive and Marine Product Featuring Advanced Battery Technology
mPhase Technologies, Inc. (OTCBB: XDSL) said that it is developing its launch strategy for its new automotive and marine product with an experienced marketing agency and launch firm. The product featuring advanced battery technology has been developed in cooperation with a world-renowned automotive company known for its timeless and unmistakable design capabilities.
Although the company said it would unveil the new product in early spring it has decided to keep the product under wraps in order to protect the design from being reversed engineered in an attempt to have a first to market advantage.
The new product features a powerful product encased in small footprint with an extraordinary look for its product category.
SYNERGETICS USA INCORPORATED (NASDAQ: SURG)
"Up 26.10% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SURG.php
Synergetics USA, Inc. ("Synergetics USA" or the "Company") is a leading supplier of precision surgical devices. The Company's primary focus is on the surgical disciplines of ophthalmology and neurosurgery. Our distribution channels include a combination of direct and independent sales organizations and important strategic alliances with market leaders. The Company's product lines focus upon precision engineered, disposable and reusable devices, procedural kits, and the delivery of various energy modalities for the performance of less invasive surgery including: (i) laser energy, (ii) ultrasonic energy, (iii) radio frequency for electrosurgery and lesion generation and (iv) visible light energy for illumination, and where applicable, simultaneous infusion (irrigation) of fluids into the operative field.
June 27 - Synergetics USA Announces FDA Clearance of VersaVIT™ Vitrectomy System
Synergetics USA, Inc. (NASDAQ: SURG), a medical device company that designs, manufactures and markets innovative microsurgical devices for ophthalmic and neurosurgical applications, today announced it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for VersaVIT™, a novel vitrectomy system for the retinal surgery market.
"The entry of VersaVIT into the global vitrectomy market is a major milestone in Synergetics' strategy to enter into higher growth areas of retinal surgery," said David M. Hable, President and CEO. "We believe that VersaVIT is a 'game changer' given its functionality, portability and competitive pricing relative to traditional vitrectomy systems." The Company is awaiting CE mark approval, which has been submitted and is currently under review.
ALGAE FARM (USA) INCORPORATED (OTC: ALGF)
"Up 33.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ALGF.php
Algae Farm (USA), Inc., a development stage company, engages in the research and development of alternative and renewable energy. It primarily focuses on algae oil production. The company was formerly known as Russell Industries, Inc. and changed its name to Algae Farm (USA), Inc. on January 6, 2011. Algae Farm (USA), Inc. was founded in 1997 and is based in The Woodlands, Texas.
June 13 - Algae Farm (USA) Patent Update
Algae Farm (USA), Inc. (OTC: ALGF), announces that it has received an office action from the United States Patent and Trademark Office ("USPTO") requesting an election of claims. ALGF filed a non-provisional utility application, "Device and Method for Production of Algae," on August 30, 2010. The application has been in review status since the initial filing date. ALGF's IP (Intellectual Property) counsel was contacted by the USPTO on June 1, 2012 and provided an option to elect to split the originally applied-for patent into two separate patents. ALGF has elected to pursue its process claims on the initial filing and will pursue a divisional application for its mechanical apparatus claims.
"Specifically, the Company will now have two separate patent applications, one for its industry-unique process to grow algae indoors, and the other for its mechanical apparatus. As a result of these actions, our expectation is to be awarded two patents instead of one. The average time to be granted a patent from the USPTO on a filing such as ours is roughly three years. We are very optimistic that we will now receive two patents instead of the single patent originally applied for; owning the two separate patents will add to our portfolio of immediately marketable intellectual property and dramatically enhance our ability to commercialize our technology and attract viable, strategic alliances and partnerships in the cosmetics, nutraceutical, bio-plastic and bio-fuel market sectors. By separating our applied-for patent into two, we will further ensure that both our methodological process and our unique mechanical production equipment used to produce our product remain exclusive to ALGF. Therefore, we will enjoy a significant market advantage over any competitors utilizing traditional outdoor production methods," said Rick Berman, President and CEO.
RADIAL ENERGY INCORPORATED (OTC: RENG)
"Up 200.00% in morning trading"
Detailed Quote: www.otcpicks.com/quotes/RENG.php
Radial Energy, Inc., an exploration stage company, engages in the acquisition, exploration, development, and production of oil and gas projects. It holds interest in Huaya Anticline project, a block 100 oil prospect located in the Ucayali Basin, Peru; and Bosques block, comprising approximately 9,000 hectares located in the Middle Magdalena Valley of Colombia. The company also holds interests in Junction prospect, covering approximately 500 acres located in northwestern Cherokee County, approximately five miles southwest of Jacksonville, Texas; Northwest Jacksonville prospect, covering approximately 350 acres located in northern Cherokee County; and Highway 79 prospect, covering approximately 340 net acres located in northwestern Cherokee County, one mile west of Jacksonville, Texas. The company was incorporated as All Printer Supplies.com in 2000 and changed its name to BV Pharmaceutical, Inc. in 2003. Further, it changed its name to Radial Energy, Inc. in 2006. Radial Energy is based in Houston, Texas.
No recent news for Radial Energy, Inc. (OTC: RENG).
GREEN ENDEAVORS LIMITED (OTCBB: GRNE)
"Up 100.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GRNE.php
Green Endeavors, Inc., headquartered in Salt Lake City, Utah, is a holding company with operations in health & beauty. GRNE owns a majority interest in several Aveda™ based businesses.
June 18 - GRNE Reports Record Salons Revenue for May of $261,038; Up 14.67% Over May 2011
Green Endeavors, Inc. (OTCBB: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (OTC: NXHD), announced record May revenue growth.
Green Endeavors is reporting that the combined unaudited revenues for both Landis Lifestyle Salon locations were $261,038 for the month of May 2012; which is an increase of $33,139 or 14.67% compared to May 2011. The newer Marmalade salon reported May 2012 sales of $74,520; a $9,202 or 14.1% increase from the comparable month of 2011. Our flagship Liberty Heights salon reported revenues in May 2012 of $186,518; a $23,937 or 14.72% increase over May 2011.
Kassie Hill, our Regional Salon Manager, observed, "Our training program continues to graduate talented new Grand Salon Stylists which contributes to our revenue growth in the salons. These positive results show the long term benefit of how our New Artist program allows newly trained stylists to sharpen their skills and complete their Aveda™ education."
O2 SECURE WIRELESS INCORPORATED (OTC: OTOW)
"Up 80.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/OTOW.php
O2 Secure Wireless is a Company that is currently developing numerous wireless tower facilities in the U.S. The Company is also instrumental in the development of wireless broadband communication services domestically. Under a recent merger with Earthcom Service Inc., the Company is currently being structured to provide affordable flat rate pre-paid wireless services in developing countries internationally.
June 28 - O2 Secure Wireless Announces First Company Store Opening
O2 Secure Wireless, Inc. opens retail store and announces staffed call center for growth
O2 Secure Wireless, Inc. (OTC: OTOW) announces the opening of its retail store location in Palm Coast, FL at 101 Palm Harbor Pkwy. Unit #133. The store will hold its grand opening on July 9th and will open at 10am. This 1250 Sq. Ft store located in the European Village and is perfectly positioned for the local clientele to find as well as take advantage of the many services that will soon be on the store walls. From wireless services to prepaid MasterCard cards, this store will be one of the cornerstones of our local physical presence in the community. By taking advantage of this retail location, we will be working with local businesses to further encourage consumption of the products issued by our brand. Local merchants can utilize the prepaid card, then not only will their employees save on check-cashing fees, but they'll be able to reuse these same cards & accounts for relocating and refilling of funds by those they love. We will also be selling phone parts and performing repairs of many of the most common cellular telephones on the market today.
With local word of mouth advertising, and other methods the company will soon announce, we expect that we will have a nice influx of customers into our location to review the products. Direct mail will be sent to retirees in the area to let them know of our debit MasterCard, because in June 2013, the Federal Government has announced that they will cease issuance of paper checks and anyone receiving social security or disability will need to have direct deposit. Our card utilizes FREE direct deposit, so people can take advantage of our card without even having a bank account, which is great for certain, clientele.
In addition to the store opening, OTOW has secured use of an inbound and outbound call team located in the Dominican Republic that will aid in the sale and support of the growth of issuance of the prepaid MasterCard cards. We expect to be able to ramp up card volume to 1,000 cards per month with a residual income of $50,000 monthly, translated to $6 million yearly, which will immediately be used to finance other projects for growth.
"We are very excited to be able to utilize resources in the Dominican Republic to further grow our presence and it shows our immediate desire to continue to advance our business plans within that country. This call team is currently fielding calls and allows the company to issue cards to those that respond to our corporate advertisements and television commercials. We've kept our financials current on Pink Sheets and will be looking forward to being GREEN in the very near future."
SEBASTIAN RIVER HOLDINGS (OTC: SBRH)
"Up 50.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SBRH.php
Sebastian River Holdings is positioning itself to be a global leader in the development and implementation of innovative solar energy solutions. Our objective is to provide renewable electricity to our customers with high quality, cost-effective solutions that replace existing carbon- and nuclear-based energy sources.
June 20 - Sebastian River Holdings, Inc. Announces Portfolio Acquisition
Sebastian River Holdings Company, Inc. (OTC: SBRH) announced that it has entered into a material agreement for the acquisition of a high-interest bearing debenture portfolio.
The closing of the transaction was subject to customary terms and conditions including the parties entering into a definitive share purchase agreement in the equity of the portfolio's holding company and the completion of due diligence. In connection with the closing of the transaction, Sebastian River proudly adds over $300,000.00 (USD) in well diversified, high yielding convertible debenture investments to the Corporate Equity Speculation & Financing Division.
Sebastian River's Board of Directors approved a final agreement late June 19th, 2012 and was executed by management June 20th, 2012; the Board commented on the agreement saying, "We are happy to add this new investment to our portfolio and are very excited about the rapid growth potential of the new United States operations."