TLAG, PPII, ALAN, YRCW, CHYU, CDTI
Our Stocks to Watch today include Total Apparel Group Inc. (OTC: TLAG), Pro Pointer Inc. (OTC: PPII), Alanco Technologies Inc. (NASDAQ: ALAN), YRC Worldwide Inc. (NASDAQ: YRCW), China Youth Media Inc. (OTCBB: CHYU) and Clean Diesel Technologies Inc. (NASDAQ: CDTI).
STOCKS TO WATCH
TOTAL APPAREL GROUP (OTC: TLAG)
"Up 1,471.43% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TLAG.php
Total Apparel Group, Inc. is a licensing, distribution and merchandising company focused on bringing national and international brands to the North American marketplace through strategic licensing and distribution agreements with partners who have existing brand recognition and the ability to develop, design and manufacture products. TAG is currently a licensing and distribution partner for several internationally known lifestyle apparel, shoe and accessory brands, specifically, Kappa™, FIFA™ and FIFA World Cup™.
June 29 - Total Licensing, Inc. Partners With Glamm Industries to Develop and Market SKECHERS Time Instruments
Glamm Led by 20-Year Accessories Industry Veteran Mary Swan-Lewis
Total Apparel Group, Inc. (OTC: TLAG) ("TAG") announced that its wholly owned subsidiary, Total Licensing, Inc. ("TLI"), has partnered with Glamm Industries, LLC ("Glamm") to develop and market timepieces for SKECHERS USA, Inc. ("SKECHERS") (NYSE: SKX). The new collection of SKECHERS Time Instruments will be available in retailers throughout the United States in Fall 2011.
Glamm is currently the exclusive U.S. licensee of watches and timepieces for SKECHERS, a global leader in the footwear industry and the number two footwear brand in the United States. As part of the agreement, Glamm maintains the multi-year exclusive domestic licensing and manufacturing rights, as well as certain non-exclusive global manufacturing and distribution rights.
Glamm is led by industry veteran Mary Swan-Lewis, a former senior vice president of Swatch USA with over 20 years of experience in the watch and accessories category. Throughout her career Swan-Lewis has held similar senior management positions at other highly recognized watch and accessories companies and has developed product for numerous brands including Sector, Bennetton, Moschino, Valentino, Jessica Simpson and many others. Swan-Lewis currently oversees sales and product development activities and has engaged another seasoned industry executive to manage all of the operational aspects of the business.
"We believe that SKECHERS Time Instruments will make an instant impact in the marketplace and produce significant revenue under Mary's leadership," stated Janon Costley, Chief Executive Officer of Total Apparel Group. "We are excited to partner with Glamm, which is led by a team of world-class industry executives and maintains licensing rights for a major international brand. This type of joint venture relationship will serve as an excellent indicator of how we will move TAG into the future."
The parties are in the process of completing terms relating to the compensation and participation of TLI and further announcements regarding the agreement will be made in the coming months.
"We are thrilled to be working with the team at SKECHERS to develop a new, complimentary product category," said Swan-Lewis. "I am equally excited to join forces with TLI to further our sales and distribution efforts in a sector where we believe there are tremendous opportunities to gain significant market share with one of the world's most recognizable brands."
PRO-POINTER INCORPORATED (OTC: PPII)
"Up 263.64% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PPII.php
Pro-Pointer, Inc. engages in the development of nutraceutical dietary Supplements. The company was founded in 1998 and is based in Henderson, Nevada.
September 30 - Coenzyme-A Announces Introduction of Several New Innovative Products
Pro Pointer, Inc. (OTC: PPII), through its wholly owned subsidiary Coenzyme-A Technologies, Inc., announces that the company remains focused on its business plan and is diligently working towards the introduction and marketing of several new products, including its latest innovative proprietary formula the "PURE COENZYME-A."
"Our product duplicates the biological functions used by the human body in the creation of cellular energy," stated Nickolaos Skoaras, PhD., President / CEO of Coenzyme-A Technologies, Inc. "Coenzyme-A is the most active metabolic enzyme in the human body and as the initiator of the human body's primary energy cycle, this is the purest form of energy there is," Skoaras added.
Coenzyme-A is energy pure and simple. Besides its indispensable energy work, Coenzyme-A initiates the synthesis of a wide variety of other essential substances. These include acetylcholine (the key neurotransmitter in the brain), the steroid hormones (produced in the adrenal glands) and the sex hormones. It supports immune function, including the repair of DNA and RNA, plus healing from physical injury. It facilitates the manufacture of important components of connective tissue necessary to joint health, particularly chondroitin sulfate and hyaluronic acid. Lastly, Coenzyme-A retards the development of lactic acid build up during aerobic exercise preventing sore and stiff muscles.
ABOUT COENZYME-A TECHNOLOGIES, INC.
Coenzyme-A Technologies, Inc. is an innovative company that has applied new technology to the formulation and manufacture of a series of proprietary products which address nutritional deficiencies that result from the stress of modern day living, chemical imbalances within the body, and the deleterious effects of aging. Coenzyme-A is the first nutraceutical manufacture and utilization of cellular Coenzyme-A (The Master Coenzyme). Coenzyme-A contains a specific set of substrates that are designed to assist the body in converting fats, carbohydrates and proteins into energy at the cellular level.
ALANCO TECHNOLOGIES INCORPORATED (NASDAQ: ALAN)
"Up 70.59% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ALAN.php
Alanco Technologies, Inc. provides wireless monitoring and asset management solutions through its StarTrak Systems subsidiary. StarTrak Systems is the dominant provider of tracking, monitoring and control services to the refrigerated or “Reefer” segment of the transportation marketplace, enabling customers to increase efficiency and reduce costs of the refrigerated supply chain.
June 29 - Alanco Announces Definitive Merger Agreement with YuuZoo Corporation, a Leading Global Mobile Social Networking Company
Alanco Technologies, Inc. (NASDAQ: ALAN) announced that it has executed a definitive agreement to merge with profitable, fast-growing YuuZoo Corporation (www.yuuzoo.com), a leading global provider of mobile targeted social networks, targeted advertising & mobile payment systems.
Since its founding in 2007, YuuZoo has grown rapidly and profitably, reporting preliminary, unaudited sales and net income of $17.0 million and $1.0 million, respectively, for its prior fiscal year 2010, ended December 31, 2010, compared to sales of $2.0 million, and a loss in 2009. Sales for the current fiscal year 2011 are projected to exceed $30 million, with continued profitability growth.
YuuZoo’s proprietary and patent-pending technology provides a platform and internet content developed specifically for access via mobile phone handsets, uniquely combining the following into a complete end-to-end solution:
* Targeted Mobile Social Networks – Developed with a combination of global & local content for age-, interest-, or location-specific user groups, creating unique targeted mobile advertising revenue opportunities, as well as targeted mobile commerce opportunities, including, among others, user subscriptions, single-purchase content and product purchases.
* Mobile Payment System – YuuZoo’s subsidiary YuuPay enables mobile consumers to pay directly to mobile merchants, eliminating expensive carrier-billing. YuuPay, in 2010, processed worldwide transactions averaging more than $100 million per month.
Headquartered in Singapore and managed by a highly experienced global team, YuuZoo’s strategic focus has been on the world’s fastest-growing and most populous markets: India, China, South East Asia, the Middle East and Africa. In these markets mobile phone market penetration is accelerating far beyond land line utilization. The mobile phone, therefore, has become the most economical and, usually, sole link with the internet for hundreds of millions of consumers.
YuuZoo has created a unique franchise and license program for the mobile world, which enables the Company to launch its services with both minimal upfront costs and immediate profitability, in any local market worldwide. YuuZoo already has approximately two million registered users in over 150 countries worldwide, and license agreements in place for more than 30 countries, including the Middle East, India, Indonesia, the UK, Saudi Arabia, Australia, the Philippines and, recently, the USA, with a combined consumer base of more than 1 billion people. YuuZoo has established strong partnerships with leading local players in key markers. This has given the Company a first-mover advantage, and has created strong barriers to entry for any competitor trying to duplicate YuuZoo’s market entry model.
Under terms of the definitive merger agreement, Alanco will issue approximately 34 million common shares to YuuZoo shareholders in exchange for 100% of outstanding YuuZoo equity interests, resulting in Alanco shares outstanding totaling approximately 39 million. Upon close of the merger transaction, current YuuZoo and Alanco shareholders will own 88% and 12%, respectively, of the new Company’s outstanding common stock. The definitive merger agreement is contingent upon NASDAQ approval, usual due diligence completion, and regulatory compliance, as well as Alanco and YuuZoo shareholder approval.
Alanco Chairman & CEO, Robert R. Kauffman, commented, “This merger represents a unique opportunity for Alanco’s approximately 2,700 shareholders to participate in one of the fastest-growing market opportunities of our lifetime - the mobile internet. Our merger partner, YuuZoo Corporation, is a global pioneer in this new market with a world-class management team, and a brief, but convincing, track record of strong growth and profitability.”
Thomas Zilliacus, Executive Chairman & CEO of YuuZoo, added, “We are truly excited with this opportunity to showcase our unique business plan and proprietary technology to U.S. investors and a broader global business audience that will be available to us through a NASDAQ listing. YuuZoo management and board are fully committed to maximizing our long-term shareholder value, and we believe that YuuZoo will perform quite well in the U.S. public market.”
As previously announced, following the sale of Alanco’s StarTrak Systems, LLC subsidiary in May 2011, the NASDAQ Staff advised Alanco that, notwithstanding its compliance with all quantitative requirements for continued listing on The NASDAQ Capital Market, Alanco was no longer eligible for continued listing given Staff’s determination that Alanco “no longer has any operating business.” Accordingly, Alanco requested a hearing before an independent NASDAQ Listing Qualifications Panel. At the hearing, which has been scheduled for June 30, 2011, Alanco will request continued listing on NASDAQ pending completion of its merger with the YuuZoo Corporation, which would address the Staff’s concerns about Alanco’s operating status. However, there can be no assurance that the Panel will grant Alanco’s request.
In order to maintain its listing following the completion of the merger, Alanco will be required to demonstrate compliance with all requirements for initial listing and must obtain NASDAQ approval for the merger. Alanco believes that it can satisfy the initial listing requirements following completion of the merger and, accordingly, has already filed a listing application with the NASDAQ Staff to seek the necessary approval.
YRC WORLDWIDE INCORPORATED (NASDAQ: YRCW)
"Up 15.79% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/YRCW.php
YRC Worldwide Inc., a Fortune 500 company and one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including YRC, YRC Reimer, YRC Glen Moore, YRC Logistics, New Penn, Holland and Reddaway. YRC Worldwide has the largest, most comprehensive network in North America with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. The company is headquartered in Overland Park, Kan.
June 22 - Trucking Recovery Slows, Long-Term Outlook Remains Strong
The Bedford Report Provides Equity Research on YRC Worldwide
Trucking stocks are on the downswing this week after the American Trucking Association (ATA) reported disappointing data. ATA Chief Economist Bob Costello claims that tuck tonnage has hit a "slow patch," renewing anxiety over the trucking sector's recovery. The Bedford Report examines the outlook for companies in the trucking industry and provides equity research on YRC Worldwide, Inc. (NASDAQ: YRCW).
The ATA's advance seasonally adjusted For-Hire Truck Tonnage Index decreased 2.3 percent in May after decreasing 0.6 percent in April. Despite current concerns regarding the economic recovery, Costello is "cautiously" optimistic that freight volumes will improve in the second half of the year along with economic activity. Lower oil and diesel prices should lead to a slightly better economic environment in the second half of the year, he said.
The issue of fuel costs have many companies in the freight industry looking to move their focus from road freight to railways. Trains can carry loads in excess of 50 times greater than a semi-truck, leading some analysts to argue that the amount of freight moved on rails will surge.
Several truckers are taking initiatives to offset rising fuel prices without passing the uptick in costs onto customers. For example, YRC Worldwide has begun to shift to 5W full-synthetic motor oil, which will improve the miles-per-gallon efficiencies of the company's fleet and reduce waste motor oil.
The full company report can be found at www.bedfordreport.com/YRCW.
CHINA YOUTH MEDIA INCORPORATED (OTCBB: CHYU)
"Up 28.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CHYU.php
China Youth Media, Inc. is a China-focused youth marketing and media company whose business is to deliver advertising and content to one of the most sought after and fastest growing demographics in the world. Through its wholly owned subsidiary Youth Media (Hong Kong) Limited, CHYU has secured contracts with a term of 20 plus 10 years that provide exclusive rights from the Chinese government controlled corporation, China Youth Interactive, which uniquely position CHYU to market to China’s massive student population with preferred access online, on campus and on mobile. CHYU currently targets China’s campus-based college students, who total more than 30 million and make up a key segment of the largest youth market in the world.
June 27 - China Youth Media and Midwest Energy Emissions Close Merger Transaction
China Youth Media, Inc. (OTCBB: CHYU) and Midwest Energy Emissions Corp. (ME2C), a North Dakota corporation, have completed the transaction contemplated by the Agreement and Plan of Merger (“Merger”) that was entered into on June 1, 2011 between them, the result of which ME2C has become a wholly-owned subsidiary of CHYU.
By virtue of the Merger, all of the outstanding shares of common stock of ME2C have been converted into shares of Series B Convertible Preferred Stock (the “Merger Shares”) of CHYU so that the shareholders of ME2C will upon conversion of the Merger Shares own 90.0% of CHYU’s issued and outstanding capital stock as of the closing date after giving effect to the Merger. Three of the four members of the board of CHYU resigned and a new director was appointed. The current board is comprised of Richard MacPherson and Jay Rifkin who has been a director of CHYU since 2006. In connection with the closing, Mr. Rifkin has resigned as President and CEO of CHYU. Incoming CEO, Mr. John Norris, Jr. has more than 30 years of experience in the electric utilities industry. He was previously President, CEO & Director of Fuel Tech (FTEK), SVP of Operations & Technical Services of American Electric Power (AEP), President & COO of the American Bureau of Shipping Group, and Corporate SVP and Chairman and CEO of Duke Energy Global Asset Development (DUK).
“We are extremely pleased to have completed this important step in our corporate development.” declared the new CEO, John Norris Jr. “We are now looking forward to aggressively deploying our field proven and patented technology throughout the world.”
ABOUT MIDWEST ENERGY EMISSIONS CORP. (ME2C)
ME2C develops and delivers patented, cost effective mercury capture systems and technologies to power plants and other coal-burning units in the United States and Canada. Rather than simply selling different types of activated carbon, ME2C takes a holistic view of the mercury emissions problem. ME2C provides proprietary technology that allows customers to meet emissions regulations in the most effective and economical manner, with the least disruption to their ongoing operations. With a strong focus on continuous innovation and industry foresight, ME2C delivers customer value and strengthens the communities in which ME2C does business.
CLEAN DIESEL TECHNOLOGIES INCORPORATED (NASDAQ: CDTI)
"Up 24.26% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CDTI.php
Clean Diesel is a vertically integrated global manufacturer and distributor of emissions control systems and products, focused on the heavy duty diesel and light duty vehicle markets. Clean Diesel utilizes its proprietary patented Mixed Phase Catalyst (MPC®) technology, as well as its ARIS® selective catalytic reduction, Platinum Plus® fuel-borne catalyst, and other technologies to provide high-value sustainable solutions to reduce emissions, increase energy efficiency and lower the carbon intensity of on- and off-road engine applications. Clean Diesel is headquartered in Ventura, California, along with its wholly owned subsidiary, Catalytic Solutions, Inc., and currently has operations in the U.S., Canada, U.K., France, Japan and Sweden.
June 29 - Clean Diesel Technologies, Inc. Announces Pricing of Public Offering
Clean Diesel Technologies, Inc. (NASDAQ: CDTI) ("Clean Diesel"), a cleantech emissions reduction company, announced the pricing of an underwritten public offering of 2,725,000 shares of its common stock at a price to the public of $3.75 per share. 2,645,000 of these shares are being offered by Clean Diesel and 80,000 of these shares are being offered by selling stockholders. Clean Diesel has granted a 30-day option to the underwriters to purchase up to an additional 408,750 shares of common stock to cover over-allotments. Subject to the satisfaction of customary conditions, the offering is expected to close on or about July 5, 2011.
Roth Capital Partners is acting as sole book-runner for the offering with Maxim Group, LLC acting as a co-manager.
Clean Diesel intends to use the net proceeds from this public offering primarily for working capital and general corporate purposes. Clean Diesel will not receive any proceeds from shares sold by the selling stockholders.