BBYB, SGCA, BEAC, NHYT, NFES
FPBN, BCRX, CIT, NPWS, CSUH, MGLG
Our Stocks to Watch today include Baby Bee Bright Corp. (OTC: BBYB), Strategic American Oil Corp. (OTCBB: SGCA), Beacon Enterprise Solutions Group Inc. (OTCBB: BEAC), Neohydro Technologies Corp. (OTCBB: NHYT), NF Energy Saving Corp. (OTCBB: NFES), 1st Pacific Bancorp (NASDAQ: FPBN), BioCryst Pharmaceuticals Inc. (Nasdaq: BCRX), CIT Group Inc. (NYSE: CIT), NEAH Power Systems Inc. (OTCBB: NPWS), Celsius Holdings Inc. (OTCBB: CSUH) and Magellan Energy Ltd. (OTC: MGLG).
BEE BRIGHT CORPORATION (OTC: BBYB)
Baby Bee Bright Corporation
manages the Baby Bee BrightTM brand. Its executive
staff, composed of professionals with over 30 years
of experience in engineering research and marketing,
have developed an innovative prenatal communication
system, servicing the rapidly expanding expectant
mother/prenatal market. The company has a patented,
audio directional technology for its communicator
which is designed for expectant mothers to safely
and efficiently transmit music and sound to their
babies. It allows mothers and family to bond with
their babies before birth. Lullabies and classical
music provide the baby with soothing sounds before
and after birth.
July 17 -
Baby Bee Bright's CEO Response to Future UK Publication
Baby Bee Bright Corporation (OTC: BBYB), is enthusiastic about the United Kingdom’s publication for 2010, “You and Your Family.” Fred Dahlman, CEO, wishes to correct a statement he made in the July 13th news release. He implied that the Royal College of Obstetricians and Gynaecologists (RCOG) was endorsing the Baby Bee Bright Company and/or products. The RCOG does not endorse a product or company but actually issues help and advice. He regrets any misunderstanding created by his statement.
“We at Baby Bee Bright are delighted to have been approved to appear within the UK’s RCOG, 'You and Your Family' initiative and are excited about sharing our thoughts on the importance of mothers and family members communicating and bonding with the baby during the last trimester of pregnancy,” states Mr. Dahlman.
July 13 -
Baby Bee Bright's CEO Response to Future UK Publication
Baby Bee Bright Corporation (OTC: BBYB), developer of a unique prenatal communication system, is enthusiastic and optimistic about the United Kingdom publication for 2010, “You and Your Family.” Fred Dahlman, COE, stated, “It’s a great compliment and endorsement to be asked by the Royal College of Obstetricians and Gynaecologist (RCOG) to have our product included in their publication. As I understand, this will be their first publication of its kind that will focus on critical areas in the mother’s, baby’s, and family’s life, to help parents make healthier and more informed choices. The publication will supply pregnancy topics including Safe Medicines, Infections and Health Conditions, and Antenatal Health and Care, which they believe to be fundamental to the well-being of these families. The Baby Bee Bright prenatal communication system will be included in the publication to stress the importance of mother/baby/family bonding and communicating. The publication will be made available to expectant mothers during the second trimester of their pregnancy.”
Mr. Dahlman continued, “The UK birthrate is forecast to be 680,000 per annum for the next three years by their Office of National Statistics. The lifestyle publication is expected to be distributed to at least 500,000 expectant moms per annum. Also an online version will be available. If only 5 to 10 percent of the expectant mothers were to buy the communicator, our sales would be greatly increased. I feel, equally important, that the introduction into the UK will be a giant step forward to the European Market.”
STRATEGIC AMERICAN OIL CORPORATION (OTCBB: SGCA)
Strategic American Oil Corporation is an exploration and production company with operations in Texas, Oklahoma, Louisiana, and Illinois. The company draws on the experience of an internationally recognized team of geologists, engineers, and executives with extensive oil and gas exploration and production experience. The Company's objective is to find and acquire oil and gas projects of merit and develop those projects to their full potential.
July 16 -
Strategic American Oil Corporation Provides Corporate Update
Strategic American Oil Corporation (OTCBB: SGCA) (the "Company") is an exploration and production company focusing on developing oil and gas resources in the United States. The Company is currently producing oil and gas and has proven reserves in both Texas and Louisiana. Led by President and CEO Randy Reneau, Strategic American Oil has a management team with more than 130 years combined oil and gas industry experience. The Company plans to lease and develop projects to build its core reserves and enhance its production portfolio.
To date, Strategic American Oil has established a land portfolio with an aggregate net 3,284 developed and undeveloped acres in Louisiana, Texas, and Illinois. The Company has acquired producing wells and identified exploration targets. The Company has also leased land positions hosting previously producing wells with the goal of utilizing new technologies, including Enhanced Oil Recovery, to restart production. These targets have been identified through the use of various databases, including 3D seismic surveys, the Texas Railroad Commission database, and the Illinois Geological Survey.
The Company has access to research databases and has acquired a significant land portfolio upon which to develop ongoing growth, with most recent developments including the following:
Five 3-D Seismic Surveys
The Company entered into an agreement with Echo Geophysical giving the company access to five 3-D seismic surveys. Through analysis of the first survey the Company has identified a significant Frio Sand (gas) target in South Texas. The target is an anticlinal structure with 4-way closure covering portions of six sections. The Company plans to lease approximately 1,000 acres over the identified structure and proposes to drill one to two wells to test the Frio sand zones. The Company has received the second and third 3-D surveys and is preparing to analyze the data. The Company will receive the fourth and fifth databases shortly.
Through researching the Illinois State Geological Survey the Company has identified and leased 372 acres of an oil field that previously produced an aggregate of 1.5 million barrels of oil during the 1940s and 50s (as stated in the Illinois Geological Survey). Nearby waterflood operations in the same zones have yielded a 1:1 recovery. The Company plans to use existing onsite wells for injection while drilling new recovery wells to 4,000 feet.
The Koliba/Ensley Prospect lies in the North McFaddin Field, Texas, which, according to the Texas Railroad Commission's records, hosts 87 productive oil and gas zones. The Company has identified 3 target zones at 5880', 5350', and 4930' under the Koliba/Ensley lease. Texas Railroad Commission records state 7 wells from these 3 target zones produced 390,426 barrels of oil and 2,472,481 MCF (thousand cubic feet) of gas between 1962 to 1989. The Company plans to drill a direct offset to the abandoned Koliba #1 well to 6880 feet.
To date, Strategic American Oil has leased over 1800 acres in the Oakdale and DST prospect areas. The Company plans to shoot several 2-D seismic lines on currently held leases in conjunction with seismic option agreements in order to confirm subsurface structures. Confirmation of structures will be followed by drilling. Targets range in depth from 2,000' to 4,000'. Leases acquired to date are primarily 87.5% Net Return Interest.
The Company currently produces from two Frio Sand wells (5800') located on the Barge Canal (Welder) Lease. The wells produce 30 BOPD along with 100 mcfgpd. A gas lift system is utilized to produce the wells. Gas not used in the gas lift system is sold. The lease also contains one salt water disposal well (SWD).
BEACON ENTERPRISE SOLUTIONS GROUP (OTCBB: BEAC)
Beacon Enterprise Solutions Group is an emerging growth, high-performance provider of advanced IT solutions with a commitment to the proactive optimization of client companies’ operations. Beacon is capitalizing on opportunities created by the world-wide economic contraction through the provision of rapid deployment, broad spectrum, fully integrated IT programs with state-of-the-art, next-generation design, engineering, installation and managed services. Beacon’s business model creates a clearly defined early mover advantage due to our unique position as a leader in the provision of fully integrated turnkey solutions capable of fully servicing the largest companies in the world as they increasingly outsource to reduce costs while optimizing critical IT design and infrastructure management. Through an integrated team approach, Beacon offers customers everything to make their communications run, from telecom infrastructure design, to software development, to voice/data/security system integration, system installation and maintenance, in addition to long distance, VoIP and Internet access service. Beacon’s client roster includes state and local agencies, educational institutions, and over 4,000 companies ranging in size from mid-sized companies to the Fortune 500. While Beacon services customers globally, it is headquartered in Louisville, Ky., with offices in Cincinnati and Columbus, Ohio; and dedicated personnel in Mangalore, India.
July 15 - Beacon Solutions Announces Eight New Regional IT and Communications Infrastructure Engagements
Regional Contracts Represent Successful Business Development and Approx. $400,000 in Additional Project Revenue
Beacon Enterprise Solutions Group, Inc. (OTCBB: BEAC), a global leader in the high performance provision of advanced IT solutions, announces the execution of eight new regional IT and communications infrastructure projects within the first two weeks of the quarter.
Collectively, these regional engagements represent approximately $400,000 in new revenue for various IT and communications infrastructure related projects including telecom systems, network routers/switches and wireless network deployment. Clients for Beacon’s new contracts include: restaurants, schools, hotels, community centers and various small to medium-size companies.
“As evidenced by this latest string of contracts, Beacon’s regional sales teams have been aggressively pursuing business development opportunities,” said Bruce Widener, CEO of Beacon Solutions. “Each of these eight engagements has been secured within the first two weeks of the quarter and they represent sizable revenues when taken together. Although our recent contracts and acquisitions in Europe may take much of the limelight, Beacon will periodically inform the investor community of our regional contract wins as they continue to contribute to our revenue stream and complement our large international engagements.”
Beacon Enterprise Solutions has jump-started aggressive initiatives and signed a string of new service agreements in recent months. Beacon maintains a strong financial position and the Company aims to significantly grow its revenues in 2009 by expanding current client relationships and obtaining additional contract wins.
NEOHYDRO TECHNOLOGIES CORPORATION (OTCBB: NHYT)
Neohydro Technologies Corp. engages in the acquisition and exploration of mineral resources. It intends to explore for gold. It owns interest in the Rio Lode Claim, which is located within the Yellow Pine Mining District of Clark County, Nevada. The company, formerly known as Rioridge Resources Corp., was founded in 2007 and is based in Piscataway, New Jersey.
July 16 - Frank Marasco, seasoned CEO, to Join Advisory Board of Neohydro Technologies Corp.
Neohydro Technologies Corp. (OTCBB: NHYT) announced the appointment of Frank Marasco to the Board of Advisors. Since August 2003 Mr. Marasco has acted as CEO and founder of West High Yield Resources of Calgary, which is publicly trading on TSX.V: WHY. Mr. Marasco is also currently President and Director, of Big Mountain Development Corp. Ltd., which is based in Red Deer, Alberta. Mr. Marasco was a founder and director of Wave Form Energy Oil and Gas, now Second Wave Petroleum, a junior oil and gas company based in Calgary, which trades on the TSX.V: SCS.A. In 2006 Mr. Marasco also co-founded Pacific Cascade Minerals a public trading company on the TSX.V: PCV.
Mr. Marasco will be tasked with helping construct new business and recruit additional strategic management. Mr. Marasco is experienced in financing and has assisted in and successfully organized the negotiation of purchases for 25 major real estate assets.
Michael Kulcheski, CEO of Neohydro, commented, “The addition of an experienced leader of many major publicly traded firms will add significant value to our organization. Specifically, having a major contributor to the business located locally in Calgary is a significant benefit for Neohydro.”
NF ENERGY SAVING CORPORATION (OTCBB: NFES)
NF Energy Saving Corporation of America is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. Headquartered in Shenyang city of China, the Company currently has 220 employees and several proprietary energy saving technologies and patents.
July 14 - NF Energy Saving Corporation Announces $5.21 Million Order For Energy-Efficient Flow Control Systems
Proprietary Systems to Be Used at Guangdong Huizhou Pinghai Power Plant and Guangdong Yuedian Huilai Power Plant Scheduled Delivery in Q3 and Q4 2009
* Total contract value amounts to US$5.21 million in revenue to be recognized in Q3 and Q4 2009
* Per US GAAP would be roughly US$4.45 million
NF Energy Saving Corporation (OTCBB: NFES) (“NF Energy”), a Chinese leader in energy efficient flow control systems, announced the $5.21 million of energy-efficient flow control systems for Guangdong Huizhou Pinghai Power Plant and Guangdong Yuedian Huilai Power Plant to be delivered in Q3 and Q4 2009.
Both Guangdong Huizhou Pinghai Power Plant and Guangdong Yuedian Huilai Power Plant are China's new Ultra-Supercritical coal power plants being built to replace small, dirty and inefficient coal power plants with design capacity of 2 x 1000MW of generation capacity respectively. These two power plants will largely improve the electricity supply in Pearl River Delta Area. Guangdong Huizhou Pinghai Power Plant is an important project of China's "11 Five Year Plan."
"We are proud to supply flow control systems to these important projects," commented Mr. Li Gang, Chairman and CEO of NF Energy. "Our high quality products are being well received in the advanced USC systems market."
1ST PACIFIC BANCORP (NASDAQ: FPBN)
"Up 86.11% in morning trading"
1st Pacific Bank of California is a San Diego community business bank. The bank offers a full complement of business products and services to meet the financial needs of professional firms, small to mid-sized businesses, their owners and the employees who work there.
July 16 -
First Business Bank and 1st Pacific Bank of California Agree to Merger
Combined Banks to Have Approximately $500 Million in Assets, 11 Local Offices and a Business Banking Focus
First Business Bank (OTCBB: FBBN) and 1st Pacific Bancorp (NASDAQ: FPBN) announced that they have signed a definitive merger agreement under which 1st Pacific Bank of California, 1st Pacific Bancorp’s banking subsidiary, will merge with First Business Bank.
Under the terms of the agreement, each outstanding share of 1st Pacific Bancorp will receive $1.40 per share in cash and a percentage of the recoveries of certain charged-off loans and a lawsuit. The initial cash payment to 1st Pacific Bancorp shareholders represents a transaction value of approximately $7.0 million. Shareholders of First Business Bank will become the shareholders of 1st Pacific Bancorp.
The banking subsidiary will operate a total of 11 branch offices and will retain the name 1st Pacific Bank of California. First Business Bank’s three full-service offices in Del Mar Heights, Carlsbad and Ramona will be rebranded. Corporate headquarters functions will be consolidated at 1st Pacific Bank’s corporate headquarters in University Towne Center. 1st Pacific Bank’s eight offices in La Jolla, Solana Beach, University Towne Center, Mission Valley, Tri-Cities, Inland North County, El Cajon and Downtown San Diego will also continue to operate.
Nathan L. Rogge, President and Chief Executive Officer of First Business Bank, will continue in that capacity for the combined company. In addition, the six directors of First Business Bank will become the directors of 1st Pacific Bancorp and the merged bank. When the transaction is completed, two members of 1st Pacific Bank’s Board of Directors are also expected to continue on as part of the board.
The transaction is subject to shareholder and regulatory approvals and is expected to close in the fourth quarter of this year.
“This transaction meets the needs of both companies,” said Rogge. “We have wanted to expand into additional markets in the region, and the bank’s increased asset size and combined resources will allow us to operate more efficiently and profitably while delivering more products and services to a larger customer base.”
Ronald Carlson, 1st Pacific’s Chairman, President and Chief Executive Officer, added, “First Business Bank is one of the highest capitalized banks in the San Diego market and the financial strength of the combined company will be of great value to our customers.”
As of June 30, First Business Bank had a total risk-based capital ratio of 23.75% and a leverage ratio of 16.85%. A 10% total risk-based capital ratio is required for a bank to be considered “well-capitalized.” Rogge noted that First Business Bank’s principal shareholder, Ernest Auerbach, has committed to infuse substantial additional capital into the bank to facilitate the transaction and to enhance the regulatory capital ratios of the combined bank.
Rogge said the combined company will continue to emphasize a strategy of providing commercial banking services to small and medium-sized businesses and professionals that can best be served by a local bank offering a portfolio of loan and deposit products tailored to meet their specialized needs.
“Both companies have experienced managements and talented staffs with deep local market knowledge in the San Diego business banking community,” said Rogge. “With a strong capital base, safe and sound banking practices, and dedicated local ownership and management, we expect the combination to be a formidable competitor in this region for many years to come.”
First Business Bank was advised by Keefe, Bruyette & Woods, Inc. and Horgan, Rosen, Beckham & Coren, L.L.P. 1st Pacific Bancorp was advised by Sandler O’Neill + Partners, L.P. and Luce, Forward, Hamilton & Scripps LLP.
ABOUT FIRST BUSINESS BANK
First Business Bank is exclusively focused on serving the special needs of professionals and small and medium-sized enterprises. Established in 2001, First Business Bank is dedicated to providing business professionals with simple, fast and effective solutions. Experienced bankers deliver highly tailored financial solutions while providing customers with educational and networking opportunities.
BIOCRYST PHARMACEUTICALS INCORPORATED (NASDAQ: BCRX)
"Up 42.18% in morning trading"
BioCryst is a biopharmaceutical company that has developed a diverse pipeline of novel therapeutics targeting major illnesses by employing crystallography and structure-based drug design. BioCryst is currently advancing investigational new drugs discovered in-house in late-stage clinical trials for influenza and lymphoma. In addition, the Company has a pre-clinical portfolio of novel compounds, directed against infectious, cardiovascular and autoimmune disease targets, to create long-term sustainable value. The Company's strategic alliances with the U.S. Department of Health and Human Services, Shionogi & Co., Ltd., Green Cross Corporation and Mundipharma International Holdings Ltd. validate its scientific foundation and the utility of its product candidates.
July 17 -
BioCryst Pharmaceuticals Reports Positive Results of Shionogi & Co. Sponsored Phase 3 Studies of i.v. Peramivir for Influenza
BioCryst Pharmaceuticals (Nasdaq: BCRX) announced positive results from two Phase 3 studies of intravenous (i.v.) peramivir in patients with seasonal influenza. The studies were sponsored by BioCryst's partner Shionogi & Co., Ltd. of Osaka, Japan and conducted during the 2008-2009 influenza season. Shionogi and Green Cross Corporation, the license holder of peramivir in Korea, co-conducted the portion of the studies in Korea.
In patients with uncomplicated seasonal influenza, Shionogi conducted a three-armed, multi-center, randomized, double-blind, multi-national Phase 3 study of i.v. peramivir that compared the efficacy and safety of a single dose of peramivir (either 300 mg or 600 mg) and treatment with oral oseltamivir phosphate 75 mg (Tamiflu(®)) twice a day for five days. A total of 1,099 patients were enrolled at 146 centers (Japan:100; Korea:25; Taiwan:21). Both the 300 mg and 600 mg single dose peramivir groups demonstrated non-inferiority for the primary endpoint, time to alleviation of symptoms (TTAS), compared to the oseltamivir group. The medians for TTAS for the peramivir 300 mg, peramivir 600 mg and oseltamivir groups were 78.0 hours, 81.0 hours and 81.8 hours, respectively.
Additionally, Shionogi conducted a double-blind, multi-center Phase 3 study of i.v. peramivir with dosing over multiple days. The study enrolled 42 influenza patients at high-risk of serious complications due to one or more qualifying conditions: diagnosis with poorly controlled diabetes mellitus, a chronic respiratory disease requiring pharmacotherapy, or current treatment with any immunosuppressive drug. Peramivir was administered at 300 mg or 600 mg per day, and the duration was adjusted (up to five days) on a case-by-case basis, depending on the patient's temperature and clinical condition. In this study, the median time to alleviation of symptoms in all 37 evaluable patients treated with either 300 mg or 600 mg peramivir daily was 68.6 hours.
i.v. peramivir 300 mg and 600 mg in both single and multiple doses were generally safe and well-tolerated in these trials. Further analyses of the study data, including secondary efficacy endpoints and detailed safety is underway. Additional data will be submitted for presentation at an upcoming medical meeting.
"The clinical outcomes of these Phase 3 studies are important, especially during the declared influenza pandemic, as they indicate the promise of peramivir as a treatment for influenza," commented Dr. William P. Sheridan, Chief Medical Officer of BioCryst. "The need for additional anti-viral treatment options for influenza remains high. BioCryst is currently finalizing its plans for peramivir Phase 3 studies intended to support U.S. regulatory approval, while continuing to support the pre-emergency use authorization review of peramivir by the U.S. Food & Drug Administration."
"This data represents a significant milestone for BioCryst -- the first Phase 3 studies successfully conducted with a drug candidate discovered by BioCryst," said Jon P. Stonehouse, President and Chief Executive Officer of BioCryst. "We congratulate Shionogi on the success of these rapidly completed studies, which have the potential to lead to the first regulatory approval for peramivir."
Shionogi has stated that the Company is making its best effort to file its New Drug Application and to receive a manufacturing approval as soon as possible in Japan.
Peramivir is an anti-viral agent that inhibits the interactions of influenza neuraminidase, an enzyme which is critical to the spread of influenza within a host. Peramivir has demonstrated clinical activity and safety in prior human studies. In laboratory tests, peramivir has shown activity against various viral strains, including the novel influenza A (H1N1) virus. In the U.S., BioCryst is preparing plans for additional Phase 3 studies of i.v. peramivir to support product registration. Additionally, i.v. peramivir is currently undergoing a pre-emergency use authorization (EUA) review.
ABOUT THE SHIONOGI & CO. LTD. PARTNERSHIP
In February 2007, BioCryst & Shionogi & Co., Ltd. entered into an exclusive license agreement under which Shionogi obtained rights to develop and commercialize peramivir in Japan for the treatment of seasonal and potentially life-threatening influenza. In 2008, Shionogi's rights were extended to include Taiwan. Under the terms of the agreement, BioCryst may receive future clinical and commercial event milestone payments up to $116 million, as well as double digit royalty payments on product sales of peramivir. BioCryst retains its rights to commercialize peramivir in countries outside of Japan, Taiwan and South Korea.
CIT GROUP INCORPORATED (NYSE: CIT)
"Up 39.02% in morning trading"
CIT Group Inc. is a bank holding company with more than $60 billion in finance and leasing assets that provides financial products and advisory services to small and middle market businesses. Operating in more than 50 countries across 30 industries, CIT provides an unparalleled combination of relationship, intellectual and financial capital to its customers worldwide. CIT maintains leadership positions in small business and middle market lending, retail finance, aerospace, equipment and rail leasing, and vendor finance. Founded in 1908 and headquartered in New York City, CIT is a member of the S&P 500 and Fortune 500.
July 17 -
Beacon Equity Issues Investment Report for CIT Group Inc.
BeaconEquity.com announces an investment report featuring commercial lender CIT Group Inc. (NYSE: CIT). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on CIT Group Inc. should be of particular interest to credit services companies: Orix Corp. (NYSE: IX), Citigroup Inc. (NYSE: C), Mizuho Financial Group Inc. (NYSE: MFG) and SunTrust Banks Inc. (NYSE: STI).
In the report, the analyst notes:
"The Company recently announced it has been advised that there is no appreciable likelihood of additional government support being provided over the near term. Previously, it confirmed that it remains in active discussions with its principal regulators on a series of measures to improve the Company's near-term liquidity position...
"Shares of CIT plummeted yesterday as consumers, analysts and investors awaited word on what the struggling commercial lender will do next to avert bankruptcy. The Company Thursday afternoon emerged from discussions with government agencies with word that the Obama administration declined to bailout the small-business financer on the grounds that it doesn't meet the standards for government aid. This would be the second bailout for the lender, which received a $2.33 billion bailout in December."
To read the entire report visit http://beaconequity.com/i/CIT.
NEAH POWER SYSTEMS (OTCBB: NPWS)
"Up 29.68% in morning trading"
NEAH Power Systems, Inc. (NPWS) is developing long-lasting, efficient and safe power solutions for the military and for portable electronic devices. NEAH uses a unique, patented, silicon-based design for its micro fuel cells that enable higher power densities, lower cost and compact form-factors. The company's micro fuel cell system can run in aerobic and anaerobic modes.
July 17 -
NEAH Power Systems' CEO Predicts Swift Move to AMEX
Dr. Chris D'Couto, President and CEO of NEAH Power Systems (OTCBB: NPWS), the company developing fuel cells for the military and portable electronic devices, revealed that, working with Ed Cabrera, investment banker and board member of NEAH Power Systems, Inc., the Company is preparing to move up to the AMEX trading platform.
"In the last month, NEAH Power has seen significant growth and completion of deliverables. During this time, the company has made two technological breakthroughs in one of the most relevant industries of the future, namely alternate energy," Dr. D'Couto said. "As part of our growth, we anticipate orders and contracts not only in the USA but around the world, and those contracts will lead to a need to finance production. As part of the overall growth and positioning of the company, NEAH will work with Jesup & Lamont to be listed on the American Exchange."
Cabrera is the Executive Managing Director of New York-based Jesup & Lamont, one of the largest broker-dealers in the rapidly-growing South of the United States, with over 340 financial consultants in 48 retail offices and 6 institutional desks that trade for over 800 institutional clients throughout the world. Cabrera is Head of Investment Banking. He has worked on Wall Street for over 20 years as an investment banker, equity analyst, market strategist and portfolio manager at Merrill Lynch, where for 11 years he was Managing Director and Head of Latin America, building the top ranked team for the region, according to Greenwich Associate surveys and Latin Finance magazine polls. He was selected for the 2000 Millennium edition of Who's Who in Finance and has been named to the All-America team by Institutional Investor for the quality of his work.
CELSIUS HOLDINGS INCORPORATED (OTCBB: CSUH)
"Up 13.64% in morning trading"
Celsius Holdings, Inc., through its subsidiaries, Celsius Inc. and Celsius Netshipments, Inc., engages in the production, distribution, and marketing of functional beverages in the United States. The company offers CelsiusR, a calorie burning soda, which is available in cola, ginger ale, lemon/lime, orange, and wild berry flavors. It also sells its products through the Internet. The company was founded in 2004 and is based in Delray Beach, Florida.
July 16 -
Celsius to Be Available at 7-Eleven® Stores
Celsius Holdings, Inc. (OTCBB: CSUH) announced that Celsius®, the original calorie-burning beverage, will be available in mid-August at participating 7-Eleven stores. 7-Eleven, the world’s leader in convenience retailing, operates and franchises more than 5,750 stores in the U.S.
Through this relationship, Celsius is gaining access to a national retailer, and participating 7-Eleven stores can add a product that fits the consumer trend towards healthier, functional beverages. 7-Eleven expects to carry three Celsius flavors in 12-ounce cans – Sparkling Orange, Green Tea Raspberry Acai and Green Tea Peach Mango at participating stores and will display the product in the functional and energy drink section of its refrigerated vaults.
Celsius is scientifically shown to burn up to 100 calories or more per can by raising metabolism and generating increased energy and alertness. When combined with exercise, additional benefits of the product include increased loss of fat mass, increased gain of muscle mass and improved endurance, according to the study published in the Journal of The International Society of Sports Nutrition.
Janice Haley, co-founder of Celsius, says, “7-Eleven represents a significant milestone for Celsius in that it adds distribution with a leader in the convenience channel, increasing the consumers’ access beyond existing channels of grocery, drug, nutritional stores, and gyms. Adding 7-Eleven is advantageous as we broaden our focus and presence on a national level. Celsius should appear with an affordable retail price for functional beverages with a suggested retail price of $1.99.”
Naturally refreshing Celsius contains no sugar, no preservatives, no high fructose corn syrup, no aspartame, no artificial flavors, and contains very low sodium. Celsius drinks are powered by a proprietary blend of ingredients, MetaPlus™, which includes green tea with EGCG, ginger, caffeine, calcium, chromium, and B vitamins and vitamin C. Scientifically shown to raise metabolism over a three-hour period, the consumption of Celsius results in a sustained calorie burn while supplying a boost of energy.
Dallas-based 7-Eleven, Inc. operates and franchises some 5,750 7-Eleven stores in the U.S. Globally, it operates, franchises or licenses more than 36,400 stores in 15 countries. During 2008, 7-Eleven stores worldwide generated total sales of more than $53.7 billion.
MAGELLAN ENERGY INCORPORATED (OTC: MGLG)
"Up 16.67% in morning trading"
Magellan Energy is a publicly traded independent oil and gas company. The company is actively acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Tennessee and Oklahoma. Once acquired, the company intends to develop each property to maximize the income from each property by re-establishing production, refurbishing and improving the existing production and operations.
June 18 -
Magellan Energy Announces Acquisition of Lankford Lease in Morgan County, Tennessee
Magellan Energy Ltd. (OTC: MGLG) ("Magellan" or "the Company"), an independent oil and gas company, announces that it has signed a participation agreement with TMD Energy for the Lankford Lease in Morgan County, Tennessee. The lease/agreement consists of eleven wells that are currently producing natural gas.
We are extremely excited to begin another project with TMD Energy Inc., who will be the operators of this lease. The acquisition of this lease has occurred at an opportune time, as operators in this area are now able to get their gas to market via the new compressor set in by Citizens Gas. The compressor blends the gas from all area producers thereby resolving the high BTU issue that previously prevented producers from selling their gas. The eleven wells on the property produce gas from the Monteagle formation and are currently tied into a collection system, which is tied into Citizens Gas Utility District.
The operators, TMD Energy Inc., will work with Magellan Energy to ensure that the wells continue to produce natural gas and additional revenues for both parties. Magellan has an option on this lease to frac two shale wells in the future, which would increase the gas production per well on a daily basis. These two wells will be relatively easy to frac as they are located on the thin exposed part of the Chattanooga Shale in Eastern Tennessee.
With gas production from a total number of twenty-four producing wells, The Company will continue to execute its business strategy of acquiring additional gas and oil leases. Magellan Energy is embarking on a new era devoted to achieving a profitable future for the Company.